To begin with, a Company Affirmation of Readiness (CAR) towards COVID-19 form will be available from Monday, March 23 and needs to be filled by the authorised signatory of the company.

The ministry of corporate affairs has deployed the web form for Company Affirmation of Readiness to confirm that companies or limited liability partners (LLP) are ready to deal with the coronavirus pandemic.

For now, the companies are not required to hold physical board meetings to discuss matters related to financial statements, board requests, restructuring and other operational matters until June 30.

New Work-From-Home Norms For Startups, CompaniesThe ministry is also looking into any other relaxations under the Companies Act of 2013 that may be necessary in order to minimise exposure to the coronavirus (Covid-19).

The ministry notification specified that the companies will have to ensure staggered timings, in case certain employees are reporting from the office. | To read full story, visit https://startuparound.com/read/1584676806.4082642/Startups-Told-To-File-Readiness-Affirmations-For-Coronavirus-Pandemic?ref=audio_experience