Tag: Corporate Affairs Ministry

Govt plans introducing Artificial Intelligence system in MCA 21 portal

Srinivas said that MCA 21 allows electronic filings of various documents under Companies Act, 2013 and has fully automated all processes related to enforcement and compliance monitoring under the Act.

May 19, 2019

New companies to get PAN, TAN in a day

In its attempt to enhance ease of doing business, the Income-Tax department has joined hands with the Ministry of Corporate Affairs (MCA) to issue Permanent Account Number (PAN) and Tax Deduction Account Number (TAN) for newly incorporated companies in a single day. As many as 19,704 companies were allotted PAN in this manner till 31 …

Continue reading "New companies to get PAN, TAN in a day"

April 11, 2017

Loss-making cos get more leeway in deciding managerial pay

Loss-making corporates now have more freedom in deciding managerial salaries, with the government hiking the stipulated executive pay limit under the companies law. After taking into consideration the current trends, the Corporate Affairs Ministry has increased the quantum of remuneration which can be paid by companies having inadequate annual profits without prior government approval. A …

Continue reading "Loss-making cos get more leeway in deciding managerial pay"

September 25, 2016