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MCA clarified that any contribution made to PM CARES Fund shall qualify as CSR expenditure under the CA, 2013
OFFICE MEMORANDUM Subject: Clarification on contribution to PM CARES Fund as eligible CSR activity under item no. (viii) of the Schedule VII of Companies Act, 2013. The Government of India has set up the Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund’ (PM
Corporate Social Responsibility -“A genuine need of this time”
Corporate Social Responsibility -“A genuine need of this time” Current Scenario & GOI’s Initiatives India is the only country in the entire world which has made spending towards CSR mandatory for certain categories of Companies and now considering the present condition where the widely spread
Certain crucial reporting under Auditor’s Report
Certain crucial reporting under Auditor’s Report The financial year is about to get over, the business across the globe is being impacted by the disaster of COVID-19 and everybody at this moment is prioritizing its health & hygiene and continuously praying for the speedy recovery
Adjudication of Penalties under the Companies Act, 2013
“Adjudication of Penalties under the Companies Act, 2013” Section 454 read with Companies (Adjudication of Penalties) Rules, 2014 Decriminalization of several offenses The Companies (Amendment) Act, 2019 has already re-categorized several offenses under the Act in the category of compoundable offenses to an in-house adjudication
Relief to corporates from compliance
GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS ORDER S.O.- In the order of the Government of India in the Ministry of Corporate Affairs number S.O. S49(E), dated the 25th February,2O2O, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), dated the
Special Measures under Companies Act, 2013 (CA-2013) and Limited Liability Partnership Act, 2008 in view of COVID-19 outbreak
To All Regional Directors, All Registrar of Companies, All Stakeholders Subject: Special Measures under Companies Act, 2013 (CA-2013) and Limited Liability Partnership Act, 2008 in view of COVID-19 outbreak Sir, In order to support and enable Companies and Limited Liability Partnerships (LLPs) in India to
FM Press conference update: Compliance relief
FM Press conference update: Compliance relief Relief in terms of statutory and regulatory compliance: Relief in the following areas are announced by FM. Stay with this post. We are updating instantly. Compliance related to income tax-related matters: The last date of the income tax return
MCA allowed COVID Expenses for CSR
General Circular No. 10/2020 No. 05/01/2019-CSR GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS 5th Floor, A-wing, Shastri Bhawan, Dr. R. P. Road, New Delhi- 110001 23.03.2020 To, All Stakeholders, Subject: Clarification regarding the spending of CSR funds for COVID-19. Ma’am/Sir, Keeping in view of the
FAQ of FORM Company Affirmation of Readiness towards COVID-19
FAQ of FORM Company Affirmation of Readiness towards COVID-19 Who is required to file this form? All the Companies/LLP’s are expected and strongly advised to put in place an immediate plan to implement the ‘Work from home’ policy in their headquarters and field offices to
Company Affirmation of Readiness towards COVID-19
Company Affirmation of Readiness towards COVID-19 Key features It is a simple web form deployed on 23.03.2020 with minimum fields and can be filed from anywhere. No Payment of Fee No DSC Available as a ‘Post-login’ service for both ‘Registered’ as well ‘Business User’ Applicable
Advisory on Preventive measures to contain the spread of COVID19.
To, All Companies/ LLPs Sub: Advisory on Preventive measures to contain the spread of COVID19. Dear Chairman/ MD/ CEO, As we all are aware, the Novel Coronavirus (COVID19) has affected over 110 countries, including India. Given the magnitude and the extent of its spread, the
MCA Proposals under Draft CSR Rules, 2020
MCA Proposals under Draft CSR Rules, 2020: 1. In case of any activity having less than 25% employees as its beneficiary, then such activity shall be deemed to be CSR activity; 2. “Ongoing Projects” means a multi-year project undertaken by a Company in fulfillment of