MCA expands small firm definition, raises turnover and borrowing limits

  What is the News? The Ministry of Corporate Affairs (MCA) has expanded the definition of small and medium companies (SMC) raising their turnover and borrowing limits. What are Small and Medium Companies? Small and Medium Companies are unlisted entities that are not banks, financial institutions, or insurance firms. turnover not exceeding Rs. 250 crores… Continue reading MCA expands small firm definition, raises turnover and borrowing limits

MCA rolls out web form SPICe+ for incorporation of companies

News:The Ministry of Corporate Affairs(MCA) has launched a new web form called SPICe+ for incorporation of companies. Facts: About SPICe+: SPICe+ (Simplified Proforma for Incorporating a Company Electronically plus) is an integrated web form offering multiple services related to Company incorporation such as mandatory issue of PAN, Opening of Bank Account, allotment of GSTIN among… Continue reading MCA rolls out web form SPICe+ for incorporation of companies

SEBI, MCA sign pact for more data scrutiny

Ministry of Corporate Affairs(MCA) and the Securities and Exchange Board of India(SEBI) has signed a Memorandum of Understanding (MOU) for data exchange between the two regulatory organizations. The MoU comes in the backdrop of increasing need for surveillance in the context of Corporate Frauds affecting important sectors of the economy. The MoU will facilitate the… Continue reading SEBI, MCA sign pact for more data scrutiny