MCA amended the Companies Rules to revise the definition of a small company and to allow non-resident Indians (NRIs) to incorporate one person companies (OPCs) in India.08:59 PM
It’s a well thought out budget. Amongst others, a plethora of measures has been proposed to boost ease of doing business – revisions under the Companies Act, consolidation of several securities-related laws into a single code, etc. Further reducing time for reopening assessment will go a long way in reducing tax litigation.
– Manjula Chawla, Co-founding Partner, Phoenix Legal