Ministry of Corporate Affairs (MCA) vide its General Circular No.16/2017, Condonation of Delay scheme (COD Scheme), 2018 to vouchsafe final

Government is setting up an independent body, National Financial Reporting Authority (NFRA) to check Financial Statements, prescribe Accounting Standards and take disciplinary action against devious accounting professionals. Around 2.24 lakh companies have been struck-off till date for remaining inactive for a period of 2 years or more by the Ministry of Corporate Affairs (MCA), Government … Continue reading “Strict action to be taken against devious Accounting Professionals”

Form CHG-1 and Form CHG-9 are likely to be revised with effect from April 22, 2017.