https://www.taxtmi.com/news?id=23706 The Ministry of Corporate Affairs introduced temporary reliefs allowing companies and LLPs to regularise overdue filings without additional fees or prosecutions under schemes including the Companies Fresh Start Scheme and LLP Settlement Scheme; relaxed timelines and fee rules for creation or modification of charges and provided condonation for companies restored by tribunal order; and effected insolvency relief by raising the default threshold and temporarily suspending initiation of Corporate Insolvency Resolution Processes while protecting directors from personal liability for COVID period defaults. en-us Tue, 09 Feb 2021 09:41:44 +0530 Tue, 09 Feb 2021 09:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23706 The Ministry of Corporate Affairs introduced temporary reliefs allowing companies and LLPs to regularise overdue filings without additional fees or prosecutions under schemes including the Companies Fresh Start Scheme and LLP Settlement Scheme; relaxed timelines and fee rules for creation or modification of charges and provided condonation for companies restored by tribunal order; and effected insolvency relief by raising the default threshold and temporarily suspending initiation of Corporate Insolvency Resolution Processes while protecting directors from personal liability for COVID period defaults. News - Tue, 09 Feb 2021 09:41:44 +0530 https://www.taxtmi.com/news?id=23706