5 articles and updates curated for tax and business readers.
The government has started a consultation process that will likely reduce the number of forms to be filed by companies under the Companies Act besides consolidating the forms with similar statutory purpose. The concept note from the ministry of corporate affairs (MCA) also see...
The government has proposed to increase the minimum net profit threshold for mandatory corporate social responsibility (CSR) spending by companies to Rs 10 crore. This move aims to ease the burden on companies with nominal profits, allowing them to focus on growth rather than...
The corporate affairs ministry has proposed a one-time scheme, under which penalties will be drastically cut for companies for late filings of their financial statements and annual returns, enabling them to improve their compliances.The Companies Compliance Facilitation Scheme...
The corporate affairs ministry on Tuesday extended the deadline for filing of financial statements and annual returns under the companies law till January 31, 2026. The extension of the deadline, which was to initially end on December 31, comes against the backdrop of represen...
The ministry of corporate affairs (MCA) has begun a comprehensive review of the rules and regulations, including the norms for accounting and auditing practices. According to Manoj Govil, secretary-MCA, extensive public consultations would be carried out for the review, which...