MCA:
MCA has given a much awaited relief to the corporate and professionals by granting extension to the Company Law Settlement Scheme,2014 till 15th November, 2014. Further, to avoid last minute rush and system congestion on the MCA21 portal on account of filings under CLSS -2014 and Annual Filings during October/November 2014, all Companies & stakeholders are requested to file their Balance Sheet and Annual Return early without postponing it to the last days.
MCA:
MCA has granted immunity from disqualification of directors pursuant to Section 164(2)(a) of the Companies Act, 2013 to all such companies and their directors who have filed due returns between 01-04-2014 to 15-08-2014 i.e prior to the launch of CLSS – 2014. It has been clarified that the disqualification under the Section 164(2)(a) shall apply only for the prospective defaults, if any, by such companies.
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