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Jigar Shah

Latest Posts by Jigar Shah

Mitigation Measures For Corporates By SEBI and MCA Owing to COVID-19 Outbreak

April 17, 2020 1146 Views 0 comment Print

The COVID-19 epidemic which has affected almost entire world has been declared as ‘Pandemic’ by the World Health Organization (WHO). The effect of Covid-19 is so severe that almost entire world is now facing lockdown and everywhere it is encouraged to stay at home and avoid travelling and social distancing is the only known way […]

Brief Overview of LLP Settlement Scheme 2020

March 5, 2020 975 Views 0 comment Print

As per one estimate, the scheme could benefit 20-25 per cent of the 1.25 lakh LLPs registered in the country*. To give one time opportunity to such defaulting LLPs, MCA, on March 4, 2020 announced LLP Settlement Scheme 2020 (Scheme). Under the Scheme, LLPs will be given a three-month window to complete overdue filings of […]

Guide to Programme Credit Hours (PCH) for Company Secretaries

November 22, 2019 23028 Views 7 comments Print

It is mandatory for every Company Secretary to be it in practice or in employment to achieve mandatory Programme Credit Hours (PCH) as per the guidelines issued by the Institute of Company Secretaries of India (ICSI). Guidelines issued by ICSI for Compulsory Attendance of Professional Development Programmes for the Members (PCH Guideline) stated that in […]

Independent Director: Passing of online test by IICA is mandatory w.e.f. December 01, 2019

November 9, 2019 8334 Views 1 comment Print

For years, Independent Directors were appointed in the Company had required only one qualification that they should not be related to Promoters as per the definition is given in the Act/SEBI Rules etc. However, it means most of the time promoters ask their friends to be a Director on the Board who will be appointed […]

UDIN by ICSI

August 30, 2019 6768 Views 0 comment Print

The attestation of a Company Secretary (CS) on a certificate or any such document is of immense value since it usually signifies that the CS, in his professional opinion, has ensured that there is no misrepresentation by the entity issuing/submitting such a document. It was being observed that certain unscrupulous individuals were forging signatures while […]

Effect of non filing of E-Form Active

June 22, 2019 44130 Views 2 comments Print

As per MCA notice flashed on its website, in case eForm ACTIVe is not filed by the Company on or before June 15, 2019, the compliance status for such company shall be marked as ‘ACTIVE Non-compliant’ and Directors of such ‘ACTIVE non-compliant’ companies shall be marked as ‘Director of ACTIVE non-compliant company’.

Non filing of DIR3 KYC form amounts to Disqualification of Director?

April 26, 2019 28791 Views 0 comment Print

While Disqualification of Directors is not a new concept, recent action by the Ministry of Corporates Affairs (MCA) under Companies Act, 2013, disqualification has become a talk of the town. Every Individual who were a director of non-active Companies (more popularly known as Shell Companies) has found out that their DIN (Director Identification Number) is disabled […]

DIR 3 KYC – Is it required to be filed again this year?

April 13, 2019 35505 Views 6 comments Print

MCA had notified Companies (Appointment and Qualification of Directors) fourth Amendment Rules, 2018. As per the Amendment Rules notified on July 10, 2018 all the Individuals holding DIN were required to file DIR 3 KYC form on or before October 15, 2018. The Rule 12A further provided that ‘Every individual who has been allotted a […]

MCA – ACTIVe Form – status as on March 28, 2019

March 30, 2019 7218 Views 5 comments Print

It has been more than a month since the Ministry of Corporate Affairs issued Companies (Incorporation) Amendment Rules, 2019 mandating all the Companies that are incorporated on or before December 31, 2017 to file ACTIVe Form. While by now everyone knows what is ACTIVe form and what all information are required to be filed with form. […]

New Form INC 22A (eForm ACTIVE) – Late Fees Rs. 10000- FAQs

February 22, 2019 84309 Views 15 comments Print

MCA introduces new e-form INC 22A – also known as e-Form ACTIVE (Active Company Tagging Identities and Verification) by issuing Companies (Incorporation) Amendment Rules, 2019. Let us have a quick analysis of the newly amended Rule. 1) e-form INC 22A (Active) Applicable to? The eForm INC 22A is applicable to every Company Incorporated on or […]

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