Ministry of Commerce requests MCA to ease Compliance

Ministry of Commerce requests MCA to ease Compliance, exclude Certification of Returns by CA / CS

Please refer to letter no. FAIVM/1904/MCA/069 dated 23.04.2019 received from Federation of All India Vyapar Mandal regarding various filings under Companies Act, 2013 (copy enclosed). The association has cited difficulties in filing number of mandatory returns under the Companies Act. -2013 and proposed following suggestions:-

i. Doing away with the requirement of verification by a Chartered Accountant or Company Secretary in filing of returns under Companies Act, 2013 and introducing the practice of self-certification/self-verification.

ii. Merging all the returns into a single Annual Return to reduce compliance burden on the companies. iii. Last date of filing for Form INC-22A and DIR-3 may be deferred and the same may be merged with Annual Return which is filed by 30th November every year.

2. Government of India is committed to create a conducive business environment by streamlining regulatory structures. I shall be grateful if you could look into the matter and do the needful to ease the compliance pressure on the Industry.