CAIRR Update March 23, 2020

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CAIRR Update March 23, 2020

March 23, 2020
Key Compliance under Companies Act, 2013 and IB Code, 2016 Amendment!
1.  Deployment of form on “Company Affirmation of Readiness towards COVID-19”
Having made an appeal to the corporate sector for implementing a strategic policy on social distancing, which is most critical for reducing community transmission of the Novel Coronavirus (COVID – 19), all companies are expected and strongly advised by MCA to put in place an immediate plan to implement the “Work From Home” policy as a temporary measure.   
As a measure to build confidence and to assess the readiness of the companies to deal with COVID-19 threat in India, MCA has deployed a voluntary form named CAR (Companies Affirmation of Readiness towards COVID – 19) which is a simple web-based form with minimum fields and which can be filed from anywhere. There is no requirement of DSC and does not involve payment of any fee.
Stakeholders are requested to note and voluntarily file the form. No penalty or enforcement action shall arise in case of non-filing. The form and related FAQs are integrated in our free to use website 
2. Jammu and Kashmir Reorganisation (Adaptation of Central Laws) Order, 2020 dated 18.03.2020.
Through this order, Central Government has now extended Part III of Insolvency and Bankruptcy Code, 2016 which covers Insolvency Resolution and Bankruptcy for Individuals and Partnership Firms to Union territory of Jammu and Kashmir.
The notifications are integrated in our free to use website

By | 2020-05-04T17:52:29+00:00 March 23rd, 2020||0 Comments

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