Relaxation in Corporate Compliances - Atmanirbhar scheme - CoVID19
Relaxation
in Corporate Compliances
Atmanirbhar scheme
(Step Towards ‘Ease of Compliances”)
Short Summary:
Under Atmanirbhar Scheme, Due to CoVID 19,
Ministry have done relaxation to compliance burden to Corporates. In this
editorial we will share brief of such relaxations.
As Ministry of Corporate Affairs already has given
many temporary relaxations to corporates like:
· Holding of General Meetings through Video
Conferencing
· No additional fees on ROC Fees till 30th
September, 2020
· No restriction on holding of Board Meeting
through video Conferencing.
·
Relaxation
in due dates of filing of NFRA 2, etc.
New Relaxations:
I. Decriminalization of Offence under Companies Act, 2013-: There were many non-compliances
under companies Act which was treating as criminal offence. Now the penalties
has been relaxed and offences become decriminalized. Like defaults involves
minor procedural errors.
II.
Many non-compoundable offences converted into compoundable offence.
III. Adjudication mechanism shall be use for compounding of some non-compliances
by Registrar of Companies. Adjudication mechanism has already been applied by
ROC on many non-compliances u/s 454.
IV.
Powers
of Regional director for Compounding of offence enhances.
V. If NCD (non-Convertible Debenture) of any Private company is listed with stock exchange such company shall be considered as unlisted company under Companies act, 2013.
VI. Companies can directly list their securities in foreign jurisdiction.
Amendments in IBC
1. No Fresh Cases NO Fresh IBC Proceedings can be initiate till next one Year
2. Criterial for IBC Application Changed: Criterial for IBC application increased from 1 lakh to 1 Crore. Fresh IBC application shall be file if claim is Rs. 1 crore or more.
3. Debts: Debts which are due to COVID 19 situations
are out of defaults under IBC.
Hello Sir is there any circular regarding this please mention it
ReplyDeleteVery informative article, which you have shared here about the Corporate Catering Perth. After reading your article I got very much information and it is very useful for us. I am thankful to you for sharing this article here.Corporate Catering Perth
ReplyDeleteGreat share!
ReplyDeleteI love this bucket list and you know you're right. sand blasting machine manufacturer. We all have the same amount of hours in a day so put them to good use. We all have to start somewhere and your plan is perfect. I understand the way of the attractive to the customer with the products sand blasting machine.
Sand blasting machines like shot blasting machine, sand blasting machine, and grit blasting machines, Wood Working Machinery Dust Extraction unit, Abrasive Blasting Media and various others. Keep it works and share with us your latest information. My time will come but I know I'm on the right path.
They are similar to small communities that you own - check them out if you haven't already. It's all got a lot better than before!t. Value that list of thousands but I'll get there.
Thanks for sharing. Have a nice week ahead.
Visit at : www.gritblast.co.in
Also check
portable shot blasting machine
portable sand blasting machine
sand blasting cabinet
grit blasting cabinet
shot blasting cabinet
Regards,
Ankit Manawat.