Continuing with its crackdown on ‘fly by night and dummy’ entities through stringent KYC regulations, the government has made it mandatory for over 12 lakh active registered companies in India to upload all their particulars including details of registered offices in an e-filing to the government.
Once a company is marked as ACTIVE non-compliant, it would not be able to make changes to its capital structure or go ahead with merger or amalgamation deals.
Recently MCA has passed the order, Every specified company shall file in MSME Form I details of all outstanding dues to Micro or small enterprises suppliers existing on the date of notification of this order within thirty days from the date of publication of this notification. The Same been later extended to thirty days from the date of deployment of Form on MCA website vide General Circular No. 01/2019 dated 21.02.2019.
With a spate of corporate irregularities coming to the fore, the Centre has decided to make disclosure norms more stringent. Corporate India is now required to submit details of transactions involving receipt of money or loans taken by them, which are otherwise not considered deposits.
The government has recently come up with the new exacting move by unveiling new e-form INC 22A which is also known as e-Form ACTIVE (Active Company Tagging Identities and Verification). Through notification on 21 February 2019, MCA has introduced the Companies (Incorporation) Amendment Rules, 2019. The due date for filing this Form is 25th April 2019.
There is no government fee / ROC Fee if the form is filed within its due date. However, in case the company misses the date of 25th April 2019. Then the same can still be filed with an Additional ROC Fee of Rs. 10,000 only.
In INC22A, the company is required to submit the following information:
Filing of following e-forms will be barred: –
Non-compliant companies would not be able to rotate their directors or make changes in their registered office.
Article written by Akanksha Jain, Editor of ONLINE FILINGS Team you may reach at [email protected]