There were various amendments and notifications in the Companies Act, 2013 in the past six months. The most important thing about these notifications is that they require immediate compliance or disclosure on the part of Companies within a specified due date. In this write up, we shall discuss preliminary about the recent important notifications in January and February:
| S. No. | Act/Rules | Date of Notification | Quick Summary |
|---|---|---|---|
| 1. | The National Company Law Tribunal (Amendment) Rules, 2019 | 15.01.2019 | Delegation of some powers of NCLT to RD |
| 2. | The Companies (Acceptance of Deposits) Amendment Rules, 2019 | 22.01.2019 | Onetime return of any outstanding money or loan in Form DPT-3 |
| 3. | The Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019. | 22.01.2019 | Furnish details of all outstanding dues to Micro or small enterprises suppliers existing in Form MSME I |
| 4. | The Companies (Prospectus and Allotment of Securities) Amendment Rules, 2019. | 22.01.2019 | Exemption from compulsory demat of shares to Nidhi Company, Government Company or a WOS. |
| 5. | The Companies (Significant Beneficial Owners) Amendment Rules, 2019 | 08.02.2019 | Amendment in SBO |
| 6. | The Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2019. | 19.02.2019 | Revision of Form PAS-3 |
| 7. | The Companies (Registration Offices and Fees) Amendment Rules, 2019 | 21.02.2019 | Introduction of ACTIVE Form |
| 8. | The Companies (Incorporation) Second Amendment Rules, 2019 | 06.03.2019 | Substitution of word “wide” instead of “widest” w.r.t. newspaper publication in case of change of RO from one state of another. |
Further, the compliance calendar till April 2019 is elucidated below:
| S. No. | Form | Due Date | Fees | Consequences of non filing | Applicability |
|---|---|---|---|---|---|
| 1. | ACTIVE Form | 25.04.2019 | Nil | Rs. 10000/- plus no request for filing of following forms:
|
Every Company incorporated on or before 31.12.2017 |
| 2. | DPT-3 | Within 90 days of notification of Form | Normal Fees | Normal Additional Fees | Every Company having outstanding loan/deposit or any money. |
| 3. | MSME I | Within 30 days of notification of Form | Normal Fees | Normal Additional Fees | Every Company having outstanding dues to MSME |
| 4. | DIR-3 KYC | 30.04.2019 | Nil | Rs. 5000/- | Every Director |
| 5. | NFRA-1 | Within 30 days of notification of Form | Normal Fees | Normal Additional Fees | Every Company on which these rules are applicable |
{The author i.e. Kajal Goyal is a Company Secretary in Practice at Kajal Goyal and Associates and can be reached at (E) [email protected]}
Is it required to file DIR-3 KYC of Director every year??