It has been reported by NFRA that at least 1011 auditors/audit firms have not yet filed form NFRA-2 for the reporting period 2018-19. As such, ICAI has advised to file the same.
MCA, on account of challenges faced by the LLPs due to COVID-19, has announced relaxations in paying additional fees in case of delay in filing of Form 8 (the Statement Account and Solvency) by Limited Liability Partnerships up to 30th December 2021.
The provisional payroll data of EPFO released on 20th October, 2021 highlights that EPFO has added around 14.81 lakh net subscribers during the month of August, 2021.
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.
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.
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.
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.
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.
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.
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.
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