In order to facilitate companies to make a fresh start on a clean state, the Ministry of Corporate Affairs has decided to introduce Companies Fresh Start Scheme (CFSS-2020), vide its General Circular No. 12/2020 dated 30th March, 2020, condoning the delay in filing of certain documents. Some key features of COMPANIES FRESH START SCHEME, 2020 (CFSS-2020) is […]
The Corporate Affairs Ministry (MCA) has come up with the ‘Companies Fresh Start Scheme 2020’ to enable companies make good of any filing-related defaults, irrespective of duration of default, and make a fresh start as a fully compliant entity. To provide a similar facility to Limited Liability Partnerships (LLPs), the MCA has also revised the […]
Company Law Fresh Start Scheme, 2020 announced by MCA is A step by MCA to allow corporates to make a ‘Fresh Start’. MCA issued General Circular No. 12/2020 dated 30th March, 2020 for the benefit of all Companies. This Scheme Shall be start from 01st April, 2020 and end on 30th September, 2020. FAQ’s Q […]
Due to COVID-19 epidemic disaster, shaken the entire world and Ministry of Corporate affairs has given light to the ‘Deafulting and Non operating Companies’ to combat with economic disruptions to make a fresh start. In furtherance to its General Circular No. 12/2020 dated 30th March, 2020 by notifying ‘Companies Fresh Start Scheme, 2020′. “COMPANIES FRESH […]
The ministry has received representations from various stakeholders requesting for grant of one time opportunity so as to enable them to complete their pending compliances by filing necessary documents in the MCA 21 Registry including annual filings without being subject to a higher additional fees on account of any delay. Therefore, in order to safeguard […]
Ministry of Corporate Affairs (MCA) vide General Circular No. 11/2020 dated March 24, 2020, provided special relief to companies and LLP amid COVID-19 pandemic. There are so many companies who have defaulted in filings Forms, Statements, returns and documents. In order to regularise filings of all the defaulting companies to be “Compliant Companies” and to […]
The ministry of corporate affairs (MCA) has in furtherance with the MCA Circular No. 10/2020, come up with the ‘Companies Fresh Start Scheme 2020’ as Government of India’s efforts to provide relief to law abiding companies and Limited Liability Partnerships (LLPs) in the wake of COVID-19, to enable companies make good any filing-related defaults, irrespective of duration of default, and make a fresh start as a fully compliant […]
The CBIC issued Circular No. 135/05/2020-GST dated March 31, 2020 after receiving various representations seeking clarification on some of the issues relating to GST refunds: 1. Bunching of refund claims across Financial Years: – Issue: The restriction on clubbing of tax periods across different financial years was put in vide para 11.2 of the Circular No. 37/11/2018-GST dated […]
Understand the treatment of options in the calculation of Basic and Diluted EPS under Ind AS 33. Learn how options impact earnings per share.
In the wake of the Covid 19 outbreak, entire mankind across the globe is suffering. Enhancing the body’s natural defence system (immunity) plays an important role i n maintaining optimum health. We all know that prevention is better than cure. While there is no medicine for COVID-19 as of now, it will be good to […]
