e Government of India has announced a one-time relaxation to law abiding Companies and LLPs so as to enable them to complete their pending compliances without payment of any additional filing fees

With the outbreak of the COVID-19 and the subsequent nationwide lockdown, life is operational in a more or less standstill mode now. Government took strict steps to combat the spread of the deadly virus and ordered to close schools, malls, cinema halls and later on all offices except some of the offices providing essential services to the society.

Our Country’s outlook is now heavily contingent upon the intensity, spread & duration of the pandemic. There is a rising probability that most parts of the world economy would also slip into recession. RBI’s role is to maintain its “accommodative” stance and would maintain its position “as long as necessary” to revive growth while ensuring inflation remained within the target.