COMPANY LAWS – (General Circular No. 06/2023) RELAXATION IN PAYING ADDITIONAL FEES IN CASE OF DELAY IN FILING DPT-3 FOR FINANCIAL YEAR ENDED ON 31ST MARCH 2023 UP TO 31ST JULY 2023, dated 21.06.2023.

MCA has decided to relax the additional fees on companies filing form DPT-3 for the financial year ended on March 31, 2023 up to July 31, 2023. This decision is made in view of the transition from version 2 to version 3 of the MCA-21 portal. Form DPT-3 is filed by a...

CENTRE FOR PROCESSING ACCELERATED CORPORATE EXIT (C-PACE) ESTABLISHED FOR PROVIDING HASSLE-FREE FILING, TIMELY AND PROCESS-BOUND STRIKING OFF COMPANIES FROM MCA REGISTER, dated 13.05.2023.

The MCA vide Notification No. S.O. 1269(E) dated March 17, 2023 established the Centre for Processing Accelerated Corporate Exit (C-PACE) to facilitate the quick, transparent and process-bound exit of companies. With the establishment of C-PACE, the striking-off...

Liability of Company under MSMED Act

MSMEs (Micro Small and Medium Enterprises) contribute towards the success of the entire economy. Their Annual contribution is close to 35% to India’s GDP, therefore the government always tries to incentivize them. Regulating the Credit Period is an important...