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  Ministry of Corporate Affairs vide Press Release no. 1695473, dated 05 th   February 2021 has come out with   MCA   Version 3.0 outline and key features. This Version will have additional modules for e-Adjudication, e-Consultation, and Compliance Management. MCA Version 3.0 MCA21 V3 Project is a technology-driven forward-looking project, envisioned to strengthen enforcement, promote Ease of Doing Business, enhance the user experience, facilitate seamless integration and data exchange among Regulators. The project will have a Micro-services architecture with high scalability and capabilities for advanced analytics. MCA is now equipped with multi-features AI – Tech Aligned with global best practices and aided by emerging technologies such as AI and ML, MCA21 V3 is envisioned to transform the corporate regulatory environment in India. Key Features: e-Scrutiny:  MCA is in process of setting up a Central Scrutiny Cell which will scrutinize certain Straight Through Process (STP) Forms file

The Central Board of Indirect Taxes & Customs (CBIC) introduced an option to file returns on a Quarterly basis and Payment of GST on a Monthly basis under GST to help small taxpayers whose turnover is less than Rs.5 crores. This scheme is called the QRMP Scheme . This scheme allows the taxpayers to file GSTR-3B on a quarterly basis and pay tax every month. [dropcap]Q[/dropcap]RMP Scheme   is an optional scheme  that CBIC has rolled out for small scale businesses having aggregate  turnover up to 5 crore rupees  to furnish return on a  quarterly  basis along with monthly payment of tax. Thus, the small taxpayers would only need to file only 8 returns (4 GSTR 1 and 4 GSTR 3B) in a year as compared to 16 returns (4 GSTR 1 and 12 GSTR 3B) a year at present. This scheme would bring in a big relief to those taxpayers who may have been losing their eligible credits due to compliance with Rule 36(4) where their suppliers are filing GSTR 1 quarterly. Now, with the introduction of the QRMP sc

  Meaning of Registered Office: Every business organization has a principal place of business activities, which in the case of a Company termed as its registered office. The address of the situation of the registered office is very important from the general public, shareholders, customers, and various other points of view. Every company is governed by the provisions of the Companies Act, 2013, therefore, it is mandatory for all companies to keep the Registrar of Companies informed about the location of the registered office and the changes Thereto from time to time. Promoters of the Company determine the State in which the registered office shall be situated. A registered office is an official address of the Company to which all official letters and notices will be sent by any person, any government or non-government or regulatory body. In terms of Section 7 of the Companies Act, 2013 (the “Act”), all the registered Companies are legally required to have a registered office address in