https://www.taxtmi.com/news?id=21136 The Companies (Second Amendment) Ordinance, 2019 re-categorizes specified minor procedural offences as civil defaults to be resolved through an in-house adjudication mechanism administered by Registrars of Companies with prescribed timelines; reallocates certain routine functions from the tribunal to the central government; adds grounds for striking companies off the register for non-maintenance of registered office and non-reporting of commencement of business; tightens charge creation and modification timelines; and makes breach of directorship ceilings a disqualification ground, coupled with an amnesty scheme to withdraw existing criminal cases for re-categorized defaults. en-us Wed, 20 Feb 2019 10:25:43 +0530 Wed, 20 Feb 2019 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21136 The Companies (Second Amendment) Ordinance, 2019 re-categorizes specified minor procedural offences as civil defaults to be resolved through an in-house adjudication mechanism administered by Registrars of Companies with prescribed timelines; reallocates certain routine functions from the tribunal to the central government; adds grounds for striking companies off the register for non-maintenance of registered office and non-reporting of commencement of business; tightens charge creation and modification timelines; and makes breach of directorship ceilings a disqualification ground, coupled with an amnesty scheme to withdraw existing criminal cases for re-categorized defaults. News - Wed, 20 Feb 2019 10:25:43 +0530 https://www.taxtmi.com/news?id=21136