MSME measures Collateral Free Automatic Loans with a time frame of 4 year with 12 months moratorium. MSME with borrowing up to Rs. 25 Crores and turnover of Rs. 100 Crores will be eligible. 100% credit guarantee on principal and interest to banks and NBFCs. Scheme can be availed till 31st October 2020 Subordinate Debt…
Ministry of Corporate Affairs (MCA) vide General Circular No. 18/2020 dated 21st April 2020 has provided certain relaxation in holding of Annual General Meeting (AGM) for those Companies whose financial year has ended on 31st December 2019. As per Section 2(46) of the Companies Act, 2013, Companies which are holding, subsidiary or associate of a…
To redress the grievance of various stakeholders Ministry of Corporate Affairs has issued 50 FAQs on Companies Fresh Start Scheme (CFSS), 2020 and LLP Modified Settlement Scheme, 2020. 1. Is the CFSS 2020 applicable on foreign company? Will the forms FC-1, FC-2 and FC-3 be covered under the scheme? Ans: Yes. 2. How to file…
The Ministry of Corporate Affairs (MCA) vide General Circular no. 15/2020 dated 10th April 2020, has issued FAQs on Corporate Social Responsibility in related to COVID-19. In this sensitive stage of pandemic in India, the government has provided clarification regarding the contribution made to various funds or schemes will be categorized under CSR contribution or…