cs vinay mehta

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...