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To embed, copy and paste the code into your website or blog: It didn’t take very long for 2021 to bring about federal legislation that could significantly impact, or at least cause massive administrative headaches for, domestic and international private clients and their holding structures. The Corporate Transparency Act (the "Act") was enacted into federal law on January 1, 2021. With the close of the previous decade – a decade that brought the likes of FATCA, CRS, and other beneficial ownership and transparency laws around the world – it is not surprising that the United States is con...

18 Days after the Due Dates, MCA Portal Still Remains in ‘Apology’ Mode Moneylife Digital Team  1 The MCA21 portal of the ministry of corporate affairs (MCA), on which company secretaries (CS) and chartered accountants (CAs) from across the country had to file compliance reports, has remained in 'error' mode since 30 December 2020, a day before the deadline to submit mandatory reports. As reported by Moneylife, the plea of lakhs of CSs, CAs, corporates and professionals requesting extension of the deadline till 31 March 2021 has not evoked any response from finance minister Nirmala Sit...