Central Government u/s 460 of the Companies act, 2013 vide Gazette Notification No. G.S.R. 59(E) dated 30th January, 2020 u/s 67(2) of LLP Act, 2008 introduced a scheme namely ‘LLP SETTLEMENT SCHEME, 2020’ by allowing a one time condonation of delay in filing statutorily required docs with the Registrar.
Measures taken by MCA in the wake of COVID-19 As many as 100 countries are affected by COVID-19 as per World Health Organisation’s report as on March 8th, 2020. Sadly, India is also one of them. The whole nation is in total lockdown and practicing social distancing so as to fight this pandemic. Since the […]
Article contains brief discussion about Non-receipt of subscription money by the subscribers at inception stage of the company, time limit for issuing share certificate and bringing subscription money within time frame as per Companies Act 2013 and consequences for non-compliance.
वैश्विक महामारी के रूप में उभरी कोरोना (covid 19) के दुष्परिणाम हर जगह देखने को मिल रहे हैं | जहां जन-स्वास्थ्य के ऊपर कोरोना एक बहुत बड़े चुनौती के तौर पर उभर रहा है, वहीं दूसरी ओर आर्थिक एवं व्यवसाय जगत पर भी कोरोना का दूरगामी दुष्प्रभाव पड़ना निश्चित है । 100 से भी अधिक […]
Cryptocurrency Crypto in India has always been something which is not understood by majority masses. India having one of the largest economy in the world, would always fear something which has a potential to replace the fiat currency primarily because it does not have a know how to curb the wrong practices which can result […]
There are many small enterprises who have formed an LLP (Limited Liability Partnership). It has been almost a decade that the LLP Act came into existence. Businesses started preferring LLP over partnership because of its benefits. However, there are many LLP who have not done their annual compliance. Delay in any form filing of LLP […]
ICAI is concerned about the impact of Coronavirus disease (known as COVID-2019 or COVID-19) on the health of people worldwide as well as on the state of economy and commerce of the world in general and on India specifically. COVID19 was first reported to the World Health Organisation (WHO) in December 2019 and it has […]
The global pandemic COVID-19 has already had a significant impact on global trade and economy with consequential impact on global and Indian financial markets. This may also have accounting, disclosure, internal control and auditing implications for many entities. There is a great deal of uncertainty as to how the COVID-19 situation will continue to evolve […]
Vinit Nagar, FCS Under the Insolvency & Bankruptcy Code, 2016 it is always very crucial for the Adjudicating Authority and the Insolvency Professionals to identify the reasonableness of default, dispute and other financial information of Debtor such as records of its debt, liabilities at the time of his solvency, assets over which the security interest […]
The Companies (Amendment) Act, 2019 has already re-categorized several offences under the Act in the category of compoundable offences to an in-house adjudication framework. Now, these offenses are presently punishable with penalty, instead of being punishable with fine or imprisonment or with both.
