The Government provides the broad framework for Corporate Social Responsibility (CSR) through Section 135 of the Companies Act, 2013 ('Act'), Schedule VII of the Act and Companies (CSR Policy) Rules, 2014.
Invitation of comments from public on Cross-Border Insolvency under Insolvency and Bankruptcy Code, 2016
The provisional payroll data of EPFO released today highlights that EPFO has added around 15.41 lakh net subscribers during the month of September 2021.
Relaxation on levy of additional fees in filing of e-forms AOC-4, AOC-4 (CFS), ADC-4, AOC-4 XBRI, AOC-4 Non-XBRL and MGT-7/MGT-7A for the financial year ended on 31.03.2021 under the Companies Act, 2013.
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.
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