RAVINDER, IAS
Joint Secretary
Phone No.: 011-2306 2750
Fax No. : 011-2306 31 96
Government of India
Ministry of Commerce & Industry
(Dept for Promotion of Industry & Internal Trade)
Udyog Bhawan, New Delhi-110 011
8th May, 2019
D.O. No. P-25020/4/2019-BE-I
Dear
Please refer to letter no. FAIVM/1904/MCA/069 dated 23.04.2019 received from Federation of All India Vyapar Mandal regarding various filings under Companies Act, 2013 (copy enclosed). The association has cited difficulties in filing number of mandatory returns under the Companies Act, 2013 and proposed following suggestions:-
i. Doing away with the requirement of verification by a Chartered Accountant or Company Secretary in filing of returns under Companies Act, 2013 and introducing the practice of self-certification/self-verification.
ii. Merging all the returns into a single Annual Return to reduce compliance burden on the companies.
iii. Last date of filing for Form INC-22A and DIR-3 may be deferred and the same may be merged with Annual Return which is filed by 30th November every year.
2. Government of India is committed to create a conducive business environment by streamlining regulatory structures. I shall be grateful if you could look into the matter and do the needful to ease the compliance pressure on the Industry.
Yours sincerely,
Sd/-
(Ravinder)
End.: As above.
Shri Injeti Srinivas, Secretary, Ministry of Corporate Affairs, Shastri Bhawan, New Delhi.
Copy to: Shri VK Bansal, National General Secretary, Federation of All India Vyapar Mandal, New Delhi.
Number of new compliances under MCA have gone up considerably during the last two years and these are taking too much time of small companies. It will be good and easy to rcomply if all annual or half yearly compliances are consolidated into the annual return of the company.
Regards
Pls merge all companies into single company run by government as a self regulated enterprise. Thank you.