https://www.taxtmi.com/news?id=22519 Reduction of compliance costs by MCA through amendments raising the paid up capital threshold for whole time company secretary appointments and waiving incorporation registration fees for low authorized capital companies. Small and start up private companies receive governance and filing relaxations: exemption from preparing a cash flow statement, allowing annual returns to be signed by a director if no company secretary exists, and permitting only one board meeting per half year with a minimum 90 day interval. Procedural easements include exemption from professional certification, recourse to the Regional Director for mergers, reduced penalties for certain contraventions, and fee concessions on government applications and appeals. en-us Tue, 11 Feb 2020 18:29:38 +0530 Tue, 11 Feb 2020 18:29:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22519 Reduction of compliance costs by MCA through amendments raising the paid up capital threshold for whole time company secretary appointments and waiving incorporation registration fees for low authorized capital companies. Small and start up private companies receive governance and filing relaxations: exemption from preparing a cash flow statement, allowing annual returns to be signed by a director if no company secretary exists, and permitting only one board meeting per half year with a minimum 90 day interval. Procedural easements include exemption from professional certification, recourse to the Regional Director for mergers, reduced penalties for certain contraventions, and fee concessions on government applications and appeals. News - Tue, 11 Feb 2020 18:29:38 +0530 https://www.taxtmi.com/news?id=22519