Physical verification of registered office of Company Subsection (1) of Section 25A was amended by MCA vide notification dated 18th August 2022. This new provision requires that physical verification be carried out for companies whose registered office is not currently located at its supposed address as recorded with the Registrar of Companies or any other authority responsible for maintaining such records and if found guilty thereof then they may face action under Chapter XVIII which deals specifically about the [...]

LLP Settlement Scheme 2020 As a part of Government’s constant efforts towards promoting ease of doing business in India, Ministry of Corporate Affairs had launched a scheme called as the LLP Settlement Scheme 2020, which allowed defaulting Limited Liability Partnership to clear all their pending ROC returns without being subject to additional late fees. The scheme was further revised on 30th March 2020 where in additional relaxations have been provided for it to align better with the Companies Fresh [...]

Companies Fresh Start Scheme 2020 Ministry of Corporate Affairs recently notified a scheme Companies Fresh Start Scheme where in defaulting companies have been provided with a golden opportunity to start with a fresh slate by updating all pending returns by paying just the normal fees and getting immunity to penal provisions provided in the act for such default in filings. The scheme also provides a one-time opportunity for defaulting companies to apply for dormant status or even apply for [...]

DIR 3 KYC Update For Directors Holding DIN Update: Due date for the year 2020 onwards. Recently the Ministry Of Corporate Affairs has issued a notification wherein all the directors having DIN are required to update their KYC annually. Provided that anyone who is already holding a Directors Identification number as on 31st March of the financial year is required to update their DIR 3 KYC by 30th September of that year, failing to do so may result in [...]

CSR and its Mandatory regime in India This is no new that many large business entities use a huge amount of resources from the society to carry out their business and in return as a matter of courteous behavior there naturally comes a sense responsibility on their part to offer a helping hand for the upliftment of society. Adopting this social attitude many entities have voluntarily come forward and taken up Corporate Social Responsibility initiatives, while others continuing to [...]