All Private Limited Companies are governed by MCA under Companies Act, 2013. Every company post incorporation, has to fulfill some of their mandatory legal obligations. We at Vakilsearch serve them in 3 simple steps:
We file your annual returns and prepare the minutes of board meetings.
We issue share certificates and update the statutory registers.
We file directors’ disclosures to the registrar.
Now no worries for your long-standing compliance dues.
You now have a well-deserved breather, thanks to the recent compliance incentives initiated by the Government.
Want to know more? Here we go!
In a major relief to the businesses largely disrupted by the ‘claws’ of the Covid-19 pandemic, the Government has announced certain welcome measures. The Ministry of Corporate Affairs (MCA) has launched Fresh Start Scheme 2020 and revised LLP Settlement Scheme 2020 to help law-abiding companies and LLPs. These schemes offer an opportunity for these companies to make a fresh start and clear their compliance defaults. This is an initiative from the MCA to incentivize compliance and reduce the compliance burden of companies. Both these schemes can be availed during the moratorium period from 1st April to 30th September 2020.
We will discuss these 2 schemes in details-
Government announces waiver of additional fee (including penalty) of up to Rs 107800 for 1 year and exempted forms are ADT-1, AOC-4, MGT-7, KYC and 22A
Government announces waiver of additional fee (including penalty) of up to Rs 136900 for 2 years and exempted forms are ADT-1, AOC-4 – 1st year, AOC-4 – 2nd year, MGT-7 1st Year, MGT-7 - 2nd year, KYC and 22A
Let’s see the other provisions of this scheme -
The provisions mentioned in this scheme are as follows-
Vakilsearch has successfully completed 600+ registrations in the past year alone. We have partnered with some of the top experts in business across India to get your registration across to you on time.
We make your interaction with the government as smooth as is possible by doing all the paperwork for you. We will also give you absolute clarity on the process to set realistic expectations.
Our team of experienced business advisors are a phone call away, should you have any queries about the process. But we'll try to ensure that your doubts are cleared before they even arise.