Why India One of the world's fastest-growing economies, ranked at number 5 India attracted the highest ever FDI inflow of $83.57 bn during financial year 2021-22 Largest youth population in the world Ease of Doing business: India jumps 79 positions from 142nd (2014) to 63rd (2019) in 'World…
Can a Foreigner Start a Business in India? Yes, a foreigner can start a business in India. India welcomes citizens of almost all countries to invest in India. However, with effect from 17th April 2020 vide Press Note No. 03 (2020 Series), citizens / companies…
Due to pandemic situations MCA has given the various relaxation in the provision of Companies Act 2013 for ease of doing business and same announcement is made by our Hon'ble Finance Minister Ms. Nirmala Sitharaman by their Twitter handle 1. Extension of Companies Fresh Start…
Relaxations Applicable to Small Companies Definition of small Company as per Section 2(85) of The Companies Act, 2013 “small company” means a company, other than a public company. paid-up share capital of which does not exceed fifty lakh rupees or such higher amount as may…
Ministry of Corporate Affairs (MCA) vide General circular No. 29/2020 dated 10th September 2020 extended the last date of filing of Form CRA-4 for FY 2019-20 under the Companies Act 2013. MCA has decided that if cost audit report for the financial year 2019-20 by…
EXTENSION OF HOLDING IN AGM In the terms of power under the third proviso to sub section (1) of section 96 of the Act, The ROC of Various States have extended the time to hold the AGM, other than the first AGM, for the financial…
Ministry of Corporate Affairs vide Notification No. G.S.R. 538(E) dated 28th August 2020 amended Rule 12 Sub Rule (1) of Companies (Management and Administration) Rules, 2014. The amendment states that: “Provided that a company shall not be required to attach the extract of the annual return…
MCA Amended the Schedule VII of the Companies Act 2013 MCA vide notification No. G.S.R. 525(E) dated 24th August, 2020 amended the Schedule VII of the Companies Act 2013. The notification stated that: In the said Schedule, for item (ix) and the entries thereto, the…