Page 18 - Ministry Of Corporate Affairs

40% firms failing to file returns under MCA lens, may get deregistered

The ministry has found that even after these companies were de-registered, their directors were not vacating offices - as they are supposed to Companies Act

Lower threshold for 'beneficial owners'; new rules take effect from June 30

An entity or an individual holding at least 10 per cent in a company will now be considered a significant beneficial owner

Govt to improve norms for auditors, corp professionals: P P Chaudhary

In recent months, scores of auditors have left audit work of companies, mostly listed ones, citing various reasons

MCA asks 200,000 companies to stop operations, get de-registered

The decision comes after these firms lagged behind in filing annual returns for several years

MCA extends deadline for companies to submit annual filings

Companies must now file annual returns and financial statements by Nov 29; earlier deadline was Oct end