Wednesday, June 19, 2024

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Ministry of corporate Affairs

Modi government rounding up on shell companies with new MCA update

Companies that are formed as a dummy corporation are no longer be able to survive these stringent policies and eventually the Modi government will catch up on these defunct companies and bring them down.

Decriminalisation of non-filling of annual return and financial statement proposed

In all the above cases the fine and imprisonment can be imposed together for the company officials.

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