Ministry of Corporate Affairs (MCA) vide its notification dated 12th September 2018 had provided a major relief to Companies willing to pay managerial remuneration beyond the threshold limits as per provisions of Companies Act, 2013.
The Ministry of Micro, Small and Medium Enterprises (MSME) has issued a notification dated 2nd November, 2018, to protect the interest of Micro and Small Enterprises. As per the above said notification, all Companies who get supplies of goods or services from the micro and small enterprises and whose payments to micro and small enterprises suppliers exceed forty five (45) days shall submit a half yearly return to the Ministry of Corporate Affairs
After having introduced KYC of directors of Companies in 2018, Ministry of Corporate Affairs (MCA) has introduced KYC of Companies by way of notification dated 21st February, 2019.The said notification shall be effective from 25th February, 2019By way of above notification, MCA the amended the Companies (Incorporation) Rules, 2014 by insertion of Rule 25A.
The amendments were announced by the Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman. For your kind reference, we have compiled the key amendments which are as under
The Union budget 2020 announced today has introduced major favourable reforms to Indian startup ecosystem which includes tweaking the start-up eligibility norms and changes in taxation of ESOPS in hands of employees