cs vinay mehta

    Name Reservation New Guidelines   W.e.f. :- 26 th January, 2021 Rule: - Companies Incorporation (Third) Amendment Rules, 2020 Rule 9A :- Extension of name reservation in certain cases   Ministry of Corporate Affairs has extended days of name reservation upon payment of stipulated fees.   I have tabulated the same for your better reference.     Payment of Fee Will valid for INR 1,000 For 20 days from the date of name approval INR 1,000 (To be paid within 20 days of name approval) For 40 days from the date of name approval INR 2,000 (To be paid within 40 days of name approval) For 60 days from the date of name approval INR 3,000 (To be paid within 20 days of name approval) For 60 days from the date of name approval     Link for circular :- http://www.mca.gov.in/Ministry/pdf/ThirdAmdtRules_2...

RBI has decided to discontinue the 17 returns/reports as listed in the  Annexure with immediate effect.List given below for better reference.

GIST OF MSME NOTIFICATION Ministry of Micro, Small and Medium Enterprises (MSMED) vide Gazette id no. CG-Dl-E-26062020-220191 and S.O. 2119(E). dated 26 th  June 2020 as Officially Notified Criteria for Calculation of Investment and Turnover under MSME and Udyog Aadhaar registration is replaced with Udhyam Registration w.e.f. July 01,2020. ·     MSME has made a revised classification of the micro, small and medium enterprise on the basis of the following criteria Investment in Plant and Machinery Turnover Micro <   1 Crore <   5 Crore Small <   10 Crore <   50 Crore Medium <   50 Crore <   250 Crore ·          Udyog Aadhaar registration is replaced with Udhyam Registration w.e.f. July 01,2020. ·          All the entities which w...

DPIIT issued the Press Note 3 (2020 series) - As per the Press Note, The Government of India ("GOI") has taken some special measure for curbing opportunistic takeover/acquistions of Indian Companies due to the current COVID-19 pandemic. The GOI has undertaken measures as under   Now following person can invest into India subject to government approval     1. Non-Resident entity or    2. Beneficial owner of investment into India or    3. Citizen Of Country which shares land border with India . Earlier Government approval required in case investor is from Bangladesh or Pakistan. List of countries which sharing land border with India 1. Pakistan 2. China 3. Nepal 4. Bhutan 5. Myanmar 6. Bangladesh

Ministry of Corporate Affairs has introduced special measures under the Companies Act, 2013 and Limited Liability Partnership Act, 2008 in view of COVID-19 on 24 th March, 2020. I have given below GIST of the same.             1.       No additional fees shall be charged for late filing during a moratorium period from 01 st April to 30 th September 2020, in respect of any document, return, statement etc., required to be filed in the MCA-21 Registry, irrespective of its due date, which will not only reduce the compliance burden, including financial burden of companies/ LLPs at large, but also enable long-standing noncompliant companies/ LLPs to make a ‘fresh start’. It means following forms can be filed without any late payment fees till 30th September,2020 ·          Form 11 - LLP - Annual Return of LLP's ·       ...

As per General Circular dated 23rd March,2020 issued by the MCA. Amount spent by the company for COVID-19 for is eligible CSR activity. Funds may be spent for the various activities to COVID-19 under the Schedule VII relating to promotion of health care including preventing health care, sanitation and disaster management. 

Dear All, As all of you are aware that Ministry of Corporate Affairs (“MCA”) issued advisory on preventive measures to contain spread of COVID-19 to all Chairman, Managing Director and Chief Executive Officer. With respect of it, they will deploy Company Affirmation of Readiness towards COVID-19 (“CAR”) web-based form on 23 rd March, 2020 to ensure that “work from home” policy is followed by all the LLPs and Companies to show their readiness against fight with COVID-19. MCA circular is short and not descriptive about how to file Form Practically and what measures should be taken. Hope all stakeholders will get answer of their query from following FAQs :- 1.      Whether circular is introduced under provisions of the Companies Act, 2013? No, This circular is not introduced under any provisions of the Companies Act, 2013. The purpose of the circular is to ensure that “work from policy “ is followed by the all Companies and LLPs. 2.    ...

LLP SETTLEMENT SCHEME, 2020 Ø   Background:- The Ministry of Corporate Affairs (MCA) has launched the Limited Liability Partnership LLP Settlement Scheme, 2020. The Period of the scheme as under Scheme Commencement date 16 th March,2020 Scheme End date 13 th June,2020 It has been observed that due to applicability of additional fee on late filing, which in case of inordinate delay could actually become a financial burden, a large number of Limited Liability Partnerships (LLPs) have remained non-compliant, mainly on account of their inability to pay late fees for the cumulative period of delay. As part of Government’s constant efforts to promote ease of doing business, it has been decided to give a One-time relaxation in an additional fee to the defaulting LLPs to make good their default by filing pending documents and to serve as a compliant LLP in future. Accordingly, the Central Government has decided to...

Dear All, Ministry of Corporate Affairs has introduced as part Ease of Business has introduced Form Spice + Form which will replace the existing Form Spice. Spice + is a web form.  It is Comprehensive form where proposed the company can get the following services from the Single Window. ·          Director Identification Number (DIN) allotment to the proposed director not having DIN (Max 3 Directors) ·          Name application for the proposed company ·          Company Incorporation ·          Permanent Account Number (PAN) for the proposed company ·          Tax Deduction and Collection Account Number (TAN) for the proposed company ·          Goods and Services Tax Registration (Optional) ·      ...