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COVID-19 MCA Compliance

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Introduction of COVID-19 MCA Compliance

COVID-19 (Corona Virus Disease) has been started from Hubel province in central china and now it has been spread globally in the world. The virus is spread from one person to another. Over lacs of people has been affected from this virus and no vaccine has been developed till now.

For the public safety the Ministry of Corporate Affairs has allowed the majority of the employees to work from home. For this a compliance has to be followed by all the companies. The Ministry has deployed Web Base Form CAR (Companies Affirmation of Readiness towards Covid-19) on 23st March 2020 which has to be filed till 30st March 2020. There is no fees applicable for the form. It is the purely voluntary contribution as a part of our contribution towards joining the movement to fight against the spread of the disease. Stakeholders may at their convenience file this form before the due date.

The form describes whether the company/LLPis in compliance of COVID-19 Guidelines including work from home policy.

Any Director/Company Secretary/Any other Person Authorized by the Company/LLP shall be Signatory for the Web Base Form.

Further As per the General Circular No. 10.2010, the Ministry of Corporate Affairs has made clarification on spending of CSR funds for COVID-19. Funds may be spent for various activities related to COVID-19 described under Schedule VII.

How to apply For COVID-19-MCA-Compliance

Connect with team Corpseed at  +91 7558 640 644 or email at info@corpseed.com for free consulting on COVID-19 MCA Compliance.

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Get help from an experienced legal adviser. Schedule your consultation at a time that works for you and it's absolutely FREE.

Author
Vinay Singh
Vinay Thakur is Managing Partner in Corpseed. He focused on payments, digital transformation, and financial technology for over 15 years and holds strong expertise on fintech startups, banking innovation, and investors with a keen understanding of the trends and activities of startups, banks, and investors in the space.