We have critically evaluated the change in the process to incorporate companies in India post deployment of the web forms involved in the company incorporation. The web form is a “one stop shop” for company incorporation and statutory registrations. and will make it easier for professionals to obtain these registrations in one go. Practitioners may find the below write-up informative and useful while incorporating a new company. BACKGROUND The World Bank’s Ease of Doing Business Survey 2020 ranked India 63rd, out of the 190 countries. This was a major improvement…
Category: Govt. Scheme
COVID-19 – AATMANIRBHAR BHARAT SCHEME – AATMANIRBHAR MSME
MSMEs have been hit by COVID-19 and are currently resolving small hiccups to restart the business. Honourable Finance Minister recently announced measures to boost liquidity in MSMEs, help them take benefit of the Government schemes, and strengthen their competencies. The following are recent relief for Aatmanirbhar MSMEs. Collateral-free loans of ₹ 3 Lakh Crore to MSMEs: Banks and NBFCs will offer up to 20 per cent of entire outstanding credit as on February 29, 2020, to MSMEs. Units with up to ₹ 25 Crores outstanding credit and ₹ 100…