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MCA issues measures for companies and LLPs to address the COVID-19 treat

Mar 26, 2020

The Ministry of Corporate Affairs (MCA) on March 24, 2020, issues measures for companies and Limited Liability Partnerships (LLPs) to address the COVID-19 treat. To reduce the compliance burden and other risks, MCA issues the following measures:- 1. No additional fees shall be charged for late filing during a moratorium period from April 01 to September 30, 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. It also enable long-standing noncompliant companies/ LLPs to make a 'fresh start'. 2. The mandatory requirement of holding meetings of the Board of the companies has been extended by a period of 60 days till next two quarters that is till September 30. Accordingly, as a onetime relaxation the gap…

Central Goods and Services Tax (Fourth Amendment) Rules, 2020

Apr 06, 2020

The Central Board of Indirect Taxes and Customs (CBIC) on April 03, 2020, has published the Central Goods and Services Tax (Fourth Amendment) Rules, 2020 to further amend the Central Goods and Services Tax Rules, 2017. The following amendments are as under: Ø&…