Many misconceptions are surrounding the company incorporation and fulfilling compliances. Registering a company and fulfilling compliances with the help of a professional consultant is not a difficult task. It is quite the opposite!

The arrival of liberalization in India did not manage to encourage confidence in business entrepreneurs or investors and to set up a company or business and to operate it in India, continued to seem like a daunting job.

Corporate Social Responsibility (CSR) is an initiative by the GOI, to assure that the companies ethically carry their business and are cognizant of the impact of their business on the rest of the society including their own stakeholders and the environment. It is implemented in accordance with the Companies Act, 2013.

The Ministry of Corporate Affairs has introduced Companies Fresh Start Scheme, 2020 commences on 01.04.2020 and will last upto 30.09.2020 that enables companies who had made defaults in filing of necessary forms and documents prior to the scheme to make good all its filing related compliances and enjoy the status of compliant companies in so far as it relates to filing of forms and documents with MCA 21. This scheme has been introduced with the purpose of providing a fresh opportunity to start as a fully compliant entity.

Ease of Doing Business is the first and foremost priority of Government of India. Ministry of Corporate Affairs has recently notified a Web Form called ‘SPICe+’ in place of old SPICeForm.

With effect from 23.02.2020, New SPIC+ Form has startedoffering 10 services by following 3 Central Government Ministries & Departments:

1)Ministry of Corporate Affairs (MCA)

2)Ministry of Labour and Department of Revenue

3)One state Government (Maharashtra)

Its sole purpose is to save procedures, time and associated costs involved for starting a New Business in India. It will be applicable for all new company incorporations.