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MCA Planning to Reduce MSMEs' Compliance Burden
Business Standard
|August 07, 2025
As part of a broader strategy to shield domestic industry from US tariffs, the Ministry of Corporate Affairs (MCA) is planning to ease compliance reforms for medium, small and micro enterprises (MSMEs), according to official sources.
"We are looking at it very seriously and taking inputs from the MSME ministry as well," a government source said.
The MCA may also consider amendments to the existing Companies Act for simpler certification processes for MSMEs and doing away with certain compliances for such companies, sources said.
Some of the measures which were recommended in the expert committee report regarding Company Law in 2022 included reducing fines and penalties which are designed keeping larger companies in mind.
Denne historien er fra August 07, 2025-utgaven av Business Standard.
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