PROPOSAL TO EXEMPT SPACS (SPECIAL PURPOSE ACQUISITION COMPANIES) FROM ‘SHELL COMPANY’ TAG
The corporate affairs ministry has proposed to exempt Special Purpose Acquisition Companies (SPACs) from the 'shell company' provisions. In its 'Company Law...
IBBI PUTS VOLUNTARY LIQUIDATION PROCESSES ON FAST-TRACK MODE
Introduces compliance certificate; experts says step in the right direction for ease of doing business and ease of exiting business
ADJUDICATION ORDER IN THE MATTER OF FCS MACHINERY (INDIA) PRIVATE LIMITED in respect of...
It is observed that the company was incorporated on 09.08.2019 and paid up Share Capital ofthe company from its inception was Rs....
MCA: Nidhi Companies to seek Central Govt. declaration before commencing business
MCA amends the Companies (Incorporation) Rules, 2014, inter alia inserts a proviso under Rule 12 (application for incorporation of companies) specifying that...
MCA Update: All LLP filings going forward will be web based.
This application is proposed to be launched on 06th Mar 2022 at 12:00 AM.
To facilitate this implementation stakeholders...
What are the various facets of voluntary liquidation under IBC?
A corporate person who intends to liquidate it-self voluntarily and has not committed any default may initiate voluntary liquidation proceedings as...
MCA: Prescribes higher additional fees for delay in filing certain e-forms w.e.f. July 1,...
MCA notifies the Companies (Registration Offices and Fees) Amendment Rules, 2022, w.e.f. July 1, 2022, prescribing a higher additional fee as a...
MCA proposed to do away with Statutory Audit as per the Companies Act 2013...
MCA proposed to do away with Statutory Audit as per the Companies Act 2013 for small companies
As per...
CENTRE TO SLASH PENALTIES FOR STARTUPS SET UP AS LLPS
The government is set to announce a 50% cut in penalties for nearly a dozen offences by startups incorporated as limited liability...
MCA amends Schedule III of Companies Act on disclosure norms in financial statements
In order to bring in greater transparency in reporting of financial statements, the Ministry of Corporate Affairs (MCA) vide notification dated 24.03.2021...
