SME cell in MCA

Signed 45/3000
Online Signatures: 45
To
Minster of Company Affair
We have discovered that - the cost of compliance for even a small company per year, including professional fee to Auditors and Company Secretaries are very high - almost INR 65000/- per year (assuming only 3 Directors in a small Private Limited Company). This does not give a good picture about ease of doing business - here we get another set of agents to drain the funds for the sake of compliance - which is also very valuable.

MCA does not have any department for SME - which should be noted. As if they do not care about SME. There is no different fee structure for SME.

We recommend that for SME - the burden of Auditing and verification through Company Secretary - should be abolished - let it be self certified - why not? This is a request to MCA.

When a Director of an SME using his/her DSC to file INC-22A - s/he is very well aware what s/he is doing.
The Petition was also marked to:
SME Directors
 - 
THIS IS GOOD MOVE FOR SME SEGMENTS. ALL SME'S SUPPORT THIS OTHERWISE ALL HARD MONEY OF SMALL ENTITY PROFIT WILL WIFE OFF FOR COMPLYING THE FORMALITIES more  
Apr 25
We must be granted the facility of self-certification with the rider that if the wong information is certified, the person concerned must be punished severely . more  
Apr 25
Cost will be comparatively lower and depend on CA or CS who sucking blood of companies on being given 100% ownership to certify that which company or director is Good or bad. This are the people who only enjoying unnecessary commission though there is no fee on majority of filings. Majority of scam are done by consultation in inclusion of this fraternity only as where are the loopholes in system they only know that.
Why govt beleive that if a CA is certify something then the same information is true in sense. And if a common man certify then he is not trustworthy. What is the subjective proof is same authenticted by CAs...specially for forms like INC22A...how a CA sitting at delhi will be able to know the premises of a Kolkata shop or office of a company.
He only interested in the opportunity generated by MCA for more and more earning ...
Make tough rules and let CA earn and gid know what else.... more  
Apr 24
The manner in which compliance provisions have been misused in our country for decades together, had caused the hopeless environment of 2004-2014 where every kind of corruption was taking place. Now in the name of `Ease of doing business' all kinds of demands are being raised, some justified, others not so. I run a small company with 2 directors, and the Company Law compliance costs are nowhere near Rs. 65,000/- as quoted in the petition, they are significantly less. more  
Apr 24
If every one is honest in India we can demand self certification. But it is not so. Most of them are dishonest. more  
Apr 24
Good information. more  
Apr 24
At the end of the day, its integrity and ethics of the owners which is crucial and any business where the integrity is compromised doesn't last long. more  
Apr 24
What is the gurantee that a CA can not be dishonest...
Will a CA sitting on a consulting firm attesting docs of a startup in Kolkata will verify by visiting his premises....he will take just 2000 bucks and ...thats it. more  
Apr 24

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