Closing a company - Budget 2020 reforrm needed

I want all CAs business owners who have closed a company to share their experiences.

This is a subject that localcircles must take up with Finance Minister as a reform this budget. In face commerce ministry should have been making this happen for the industry but they have failed to do so in 6 years.

Currently if trying to close a company one has to pay bribes in many offices like fcra, income tax, epf, roc and this must stop.

And this is for businesses who are doing all by book. Just things havent gone well or they simply need to shut. Why harrass them like this. more  

View all 11 comments Below 11 comments
I agree with Seetharam's proposal.There has to be a limit to giving subsidy.Now a days to catch votes every political parties are giving subsidy and we are lagging in developing infrastructure.Remember subsidy is short term measure whereas developing infrastructure is long term measure. more  
Closing any Company needs to go through the present procedure, as it is a source of cheating to the public. more  
govt must bring out a white paper on all types of subsidy given before budget so the whole country know how much money is spent on subsidy than for development works more  
In India laws are made only to stop the crooks but whilst crooks will find a way to circumvent laws, honest business people find the process too difficult and lengthy and so have to pay a bribe to expedite the matters.

Government should make laws that are simple and transparent, that 95% of the businesses can easily comply requiring no middlemen or professionals, unless your matter is unique or complicated. more  
Good suggestion, definitely need to be considered and discussed. more  
Post a Comment

Related Posts

    • Dean of RML goes to Max for COVID 19 treatment

      Government hospitals in India are in pathetic state and that is confirmed by the dean of Ram Manohar Lohia hospital, a premier hospital under Delhi Government. The dean instead of gettin...

      By Seema Mehra
    • Unlock 1.0 - Lockdown Relaxation

      Attached latest lockdown rules from June 1. Seems like hot districts esp containment zones will be shut till June 30th. Details are there.

      By Amit Mishra
    • How Lockdown 5.0 should work post May 31st: Public Pulse

      Many of you participated in the LocalCircles polls on way forward on Lockdown post May 31st. Below is the survey results report:

      By LocalCircles Manager
    • 1 year of Modi Government 2.0 Performance: Survey Results

      Many of you participated in the circle survey to evaluate performance of 1 year of Modi Government 2.0. 1 year of Mo...

      By LocalCircles Manager
    • Standardizing Prices for COVID-19 treatment in private hospitals

      Some of you have shared information about how some private hospitals are charging exorbitant rates for COVID-19 treatment. Efforts by some of the LocalCircles members has led to results in Maharash...

      By LocalCircles Manager
    • Lockdown High Virus Load Districts

      67.2% of cases & 77.2% deaths of covid19 are concentrated in ONLY 20 districts (2.7%) of 🇮🇳 which have 10.5% of 1.35 billion popn. 50.8% cases & 53.2% of deaths of COVID-19 in 🇮🇳 are c...

      By Sarita S
    • Approach on Flights and Trains restarting

      Someone forwarded the LocalCircles survey report to me yesterday. It says that airline and railway traffic will drop soon after initial spikes

      By Harsimran Kaur
    • Covid-19 curve for India

      Everyone please see the attached. At this rate we will be at 2 lakh cases by June 1 and 10 lakh by July 1. While we are doing quite ok in Kerala, Mumbai and Delhi are in bad bad shape. ...

      By Sunita Varghese
    • 7 day mandatory quarantine after flights

      So Bangalore has announced all Incoming domestic flight passengers from Maharashtra, Rajasthan, Delhi, Gujarat, Tamil Nadu, Delhi & Madhya Pradesh will undergo 7 day institutional Quarantine fo...

      By Ashima Gupta

      Particularly at the time of crisis where the Fiscal health along with the public health is struggling to revive . The state is to exercise restraint on some areas where money is spent su...

      By Jayakumar Daniel
    • Super sincere thanks to LocalCircles

      I want to thank localcircles and all its members for taking up my complaints about exorbitant charges for covid19 treatment by Mumbai hospitals and even conducting polls. I am pleased to...

      By Seema Shah
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)