Tuesday, September 8, 2020

Relaxation in Deposit Norms for Startup Companies: MCA allows additional 5 years time to repay deposits of Rs. 25 lakhs or more

The Ministry of Corporate Affairs (MCA) on Monday relaxed deposit norms for startup companies and allowed an additional 5 years’ time to repay deposits of Rs. 25 lakhs or more. The government notified the Companies (Acceptance of Deposits) Amendment Rules, 2020, which amended the Companies (Acceptance of Deposits) Rules, 2014. Earlier, according to the Companies […]

from Taxscan | Simplifying Tax Laws https://ift.tt/335TWfY

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