Corporate Law News

Union minister for MSMEs calls for concerted efforts to enhance growth of MSME sector

13 October 2021 at 08:09

Shri Narayan Rane has exhorted the officers of MSME Ministry to brace up for enhancing the output of MSME sector. He pointed towards the possibility of quantum jump in India’s exports through MSME sector, which can lead to achieving higher GDP.

Posted in Corporate Law | 1506 Views

Representation to MCA for extension of time for preparing and filing the statement of Account and Solvency by LLPs

01 October 2021 at 06:08

With a view to provide ease to the LLPs, it is submitted that the time limit for preparing the Statement of Account and Solvency and for getting the accounts audited and the subsequent filing thereof be kindly extended for a period of 30 days.

Posted in Corporate Law | 2391 Views

NFRA advises to remove compulsory statutory Audit for all companies!

30 September 2021 at 06:01

A preliminary analysis has been done by NFRA on the key financial parameters of the companies registered in India and it is found that the fees paid to auditors by a large majority of MSMCs are way below what an audit would require.

Posted in Corporate Law | 4 comments | 8175 Views

New online system of MSME/Udyam Registration crosses 50 lakh mark

29 September 2021 at 05:51

Enterprises which are not yet registered, should register themselves to avail the benefits of Ministry of MSME and other Government agencies. The registration is free of cost and should be done only on the Government portal.

Posted in Corporate Law | 4380 Views

[FAKE] Proposal to stop the pension of Central Govt pensioners after the age of 70-75 years is under consideration

24 September 2021 at 06:00

Bartaman Patrika & babushahi.com have falsely reported that a proposal to stop the pension of Central Govt pensioners after the age of 70-75 years, is under consideration.

Posted in Corporate Law | 1779 Views

Extension of Time Limit for Holding AGM for FY 2020-21

24 September 2021 at 05:55

The extension granted under this order shall not cover the applications filed in form GNL-1 for the extension of AGM for the financial year ended on 31/03/2021, where the extension approved was for a period of more than two months.

Posted in Corporate Law | 3372 Views

EPFO adds 14.65 lakh net subscribers in July, an increase of 31.28% over June

20 September 2021 at 20:22

Of the total 14.65 lakh net subscribers, around 9.02 lakh new members have come under the social security umbrella of EPFO for the first time. Around 5.63 lakh net subscribers exited but rejoined EPFO by changing jobs.

Posted in Corporate Law | 2004 Views

ACAE Request for extension of timelines for holding AGM under the Companies Act, 2013

14 September 2021 at 06:01

The Association of Corporate Advisors and Executives has written a representation letter to MCA for the extension of timelines for holding Annual General Meeting under the Companies Act, 2013 for the FY ended 31.03.2021, due to the COVID-19 outbreak.

Posted in Corporate Law | 3351 Views

Bank Employees Family Pension to be increased to 30% of last pay drawn

25 August 2021 at 18:20

GoI has approved the Indian Banks' Association’s (IBA) proposal to increase the family pension to 30% of last salary drawn. This move would make family pension go up to as much as Rs 30,000 to Rs 35,000 per family of bank employees.

Posted in Corporate Law | 1830 Views

Government cautions stakeholders as 348 companies fail to meet requisite criteria for declaration as Nidhi company

24 August 2021 at 17:53

Companies have been applying to the Central Government for declaration as Nidhi under the CA, 2013 but of the 348 number of forms scrutinized upto 24.08.2021 not a single company could satisfy the requisite criteria for the same.

Posted in Corporate Law | 1875 Views