https://www.taxtmi.com/news?id=15561 The filing platform currently blocks charge registrations for companies that have not filed statutory returns, preventing Asset Reconstruction Companies from creating or modifying charges on acquired non-performing assets. The Committee found no legal bar to ARCs creating charges on dormant companies' NPAs but identified the MCA-21 system as the operational impediment and recommended modifying the system to allow recognized ARCs to file charge creation or modification to protect ARC interests and enable capital circulation. en-us Tue, 02 Feb 2016 18:56:26 +0530 Tue, 02 Feb 2016 18:56:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15561 The filing platform currently blocks charge registrations for companies that have not filed statutory returns, preventing Asset Reconstruction Companies from creating or modifying charges on acquired non-performing assets. The Committee found no legal bar to ARCs creating charges on dormant companies' NPAs but identified the MCA-21 system as the operational impediment and recommended modifying the system to allow recognized ARCs to file charge creation or modification to protect ARC interests and enable capital circulation. News - Tue, 02 Feb 2016 18:56:26 +0530 https://www.taxtmi.com/news?id=15561