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Companies Fresh Start Scheme, 2020: MCA

The Ministry of Corporate Affairs has launched the Companies Fresh Start Scheme, 2020 (CFSS) to ease the burden on corporates during the COVID-19 crisis.

MCA directs Deactivated DINs to regularise

DIN holders marked as ‘Deactivated’ and companies whose compliance status has been marked as ACTIVE non-compliant are encouraged to become compliant again.

LLP Settlement Scheme, 2020

The MCA has made modifications and released Revised LLP Settlement Scheme, 2020 to enable LLPs to take necessary measures to address the COVID-19 threat.

Board Meetings Attendance Rules eased

The Ministry of Corporate Affairs (MCA) decided to relax the requirements on holding board meetings till June 30, 2020 due to COVID-19.

COVID-19 FAQs on Corporate Social Responsibility

The MCA has released a circular addressing some FAQs on Corporate Social Responsibility that have come up during the COVID-19 pandemic.

Audit reports for private firms a must

The government has made it obligatory for unlisted companies, or private firms, with outstanding loans of Rs 100 crore or more to file their financial audit reports for financial year 2020-21 onwards.

MCA notifies Companies (Winding Up) Rules, 2020

The Ministry of Corporate Affairs (MCA) announced a new set of rules on January 24, 2020 in order to simplify the process of liquidating a business. These rules will come become enforced on April 1, 2020.

NCLAT: No debar for Auditor under Companies Act

National Company Law Appellate Tribunal (NCLAT) passed a judgement stating that an Auditor cannot be debarred for 5 years if there is no evidence supporting their fraudulent intentions.

New SPICe+ web form by MCA

The Ministry of Corporate Affairs (MCA) has rolled out the Simplified Proforma for Incorporating Company Electronically Plus (SPICe+) to promote Ease of Doing Business in India.

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