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MCA moves to reduce compliance costs for small private limited companies


Economy > Government policies
26 November 2019
The ministry of corporate affairs (MCA) has been taking various initiatives on a continuous basis to provide less stringent regulations, including measures with respect to filing requirements for small companies, One Person Companies (OPCs) and start-ups, union minister of state for finance and corporate affairs Anurag Thakur informed the Lok Sabha in a written reply on Monday.
Changes have been made in the Companies Act, 2013 as well as various Rules and Forms thereunder from time to time.  Accordingly, the Companies (Auditor’s Report) Order, 2016 (CARO, 2016) has not been extended to private schools and hospitals built on concession land.

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