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Category: RoC & MCA

Government notifies rules for winding up of companies under Companies Act

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The Ministry of Corporate Affairs has notified rules for winding up small businesses without having to go to a tribunal, under a provision in the Companies Act that offers an alternative to the commonly used liquidation procedure under India’s bankruptcy code. The rules notified by the ministry further define provisions of section 361 of the […]

Government slashes corporate tax for domestic companies

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The government has slashed basic corporate tax rate to 22% from 30% while for new manufacturing companies it has been cut down to 15% from 25%. Making the announcement, Finance Minister Nirmala Sitharaman said the new tax rate will be applicable from the current fiscal which began on April 1. Here are some of the […]

e-KYC (DIR- 3) : India Inc directors get 15 days more to submit details with reduced fee

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In a relief for thousands of directors of companies who are yet to do e-KYC, the Corporate Affairs Ministry has allowed them another 15 days time to complete the process. Such directors can do so after paying a reduced fee of Rs 500. For those who file the e-form DIR-3 KYC between September 21 to […]

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