LLP settlement Scheme, 2020 launched; Shall allow a One-time condonation of delay in filing statutorily required documents with the Registrar. LLP settlement Scheme, 2020 shall come into force on the 16th March, 2020 and shall remain in force up to 13th June, 2020 It has been observed that due to applicability of additional fee on late filing, which in case of inordinate delay could actually...Read More
In pursuance of the Government of India’s efforts to provide relief to law abiding companies and Limited Liability Partnerships (LLPs) in the wake of COVID 19, the Ministry of Corporate Affairs, has introduced the “Companies Fresh Start Scheme, 2020” and revised the “LLP Settlement Scheme, 2020” which is already in vogue to provide a first of its kind opportunity to both companies and LLPs to...Read More
MCA to allow board meetings to be held via video conference for three monthsThe Corporate Affairs Ministry is set to allow companies to hold board meetings dealing with matters of high importance — including decisions on mergers, amalgamation and takeovers — through video conferencing for a period of three months, in the wake of the coronavirus outbreak. A senior government official said that the move...Read More
When starting a business, you'll likely need to choose whether you want it to be a publicly traded company or a private company. While neither choice is better or worse than the other, you will need to assess what kind of freedom you want with your company along with other elementsRead More
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