Relaxations from Regulatory Compliances due to Outbreak
Relaxations from Regulatory Compliances due to Outbreak of COVID-19 pandemic-Part II by CL&CGC ICAI
Background
The Government of India has released various measures granting financial and legal relaxations to companies to combat with covid 19 outbreak.
Businesses in India are saddled with various routine and event based procedural compliances under the Corporate Laws.
On this background and due to Lock down situation in the Country stakeholders were expecting aggressive relaxation measures from MCA.
In light of the pandemic circumstances the Ministry of Corporate Affairs (MCA) and other regulators have conceded certain relaxations from administrative compliances for the corporates. We have summed up a portion of the key relaxations and measures which have been announced by the Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI).
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