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of <h1>India Eases Compliance for Companies: Waives Late Fees, Extends Board Meeting Intervals, and Defers Auditors' Order Due to COVID-19.</h1> The Ministry of Corporate Affairs in India has implemented temporary measures to alleviate the compliance burden on companies and LLPs due to the COVID-19 pandemic. These include waiving additional fees for late filings from April 1 to September 30, 2020, extending the interval for mandatory board meetings by 60 days, and deferring the applicability of the Companies (Auditor's Report) Order, 2020 to the financial year 2020-2021. Other relaxations include extended deadlines for compliance related to deposit repayment reserves, debenture investments, and business commencement declarations. Non-compliance with minimum residency requirements for directors will not be penalized for the financial year 2019-20.
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