Companies incorporated on or before 31 December 2017 to file “Active Company Tagging Identities and Verification” before 25 April 2019 under threat of a fine of Rs.10,000.
Every day, this government invents a new way to harass the entrepreneur, to threaten businesses, to increase compliance load, and to create new headaches for people just trying to survive in this economy and create the much needed jobs.
How do you expect us entrepreneurs to get any work done at all if all the time, we are working on accounting and regulatory compliance? And heavens forbid if you are a start-up and too cash-poor to have a regular accountant and company secretary. That's just too bad. Leave aside your business and get cracking on struggling with online forms and decoding complex rules and legislations.
Today, entrepreneurs are constantly having to prove their genuineness, with a presumption of guilt and fraud. Are we criminals? Or do you want to punish us just for dreaming and wanting to build something of value by risking it all? गलती की क्या हमने के धंदा करने की कोशिश की? Is this your much tom-tommed "Ease of doing business"? Do you want us all to quit and the country go back to being ruled by foreign companies like before 1858? How do you think this will end well?