MCA Eases Norms for Companies and LLPs amid Coronavirus

As the number of positive Coronavirus cases continues to grow in India, the Indian Government announced a ‘curfew-like‘ lockdown for 21 days starting from 00:00 hours of March 25 2020. This lockdown will further disrupt the business continuity of all sectors as the entire nation comes to a standstill. To contain the spread of coronavirus and to enable Companies and LLPs in India to focus on necessary measures to address the Covid-19 threat, MCA has granted relaxations to Companies and Limited Liability Partnerships (LLPs) from several statutory compliances under the Companies Act, 2013. The ministry has also advised all companies and LLPs to adopt ‘work from home’ policy till March 31, as these organizations are major employers, especially in urban areas.