BACKGROUND The Ministry of Corporate Affairs (MCA) taking into cognizance the issue faced by Corporates due to COVID-19 has issued several notifications & circulars in order to grant immunities & reduce the compliance cum financial burden on the Corporates. One of the recent initiatives taken by MCA is the introduction of COMPANIES FRESH START SCHEME, 2020 (“the Scheme”). The......

BACKGROUND The pandemic of COVID-19 has created threat to the global economy. The developed economies like USA, Europe, China amongst others are worst affected. The developing countries like India now are under the radar of this invisible yet disastrous creature. The Government of India is taking continuous steps to tackle with the situation. The 21-days lockdown recently announced by the Governm......

The Ministry of Corporate Affairs (MCA) vide Notification dated 30th January, 2020 has amended Companies (Accounts) Rules, 2014 whereby sub-rule 1A has been inserted to the existing Rule 12. RULE 12(1A)* (yet to be published in the Official Gazette): Every Non-Banking Financial Company (NBFC) that is required to comply with Indian Accounting Standards (Ind AS) shall file the financial statements......

The Companies Act, 2013 (“Act”) has seen tremendous changes within a span of just 6 years of its coming into force. The frequent changes have posed challenges for all the stakeholders including corporates, business fraternity, professionals (like CS/CA/CMA/ Lawyers etc) as well as students.  As India is witnessing drastic economic slowdown, the present regime is under huge pressu......