Like KYC of Directors, time to KYC for Companies.
Ministry of Corporate Affairs notified the rules for ACTIVE COMPANY TAGGING IDENTITIES AND VERIFICATION (ACTIVE) on 21st February 2019. According to this rule, every company incorporated on or before the 31st December 2017 shall file the particulars of the Company and its registered office, in e-Form ACTIVE on or before 25th April 2019.
Below is the summary of the notification and requirements for filing the said form:
Every Company incorporated on or before 31/12/2017
Companies whose Financial Statements or Annual Return or both are not filed, should file their such returns and then only they will be able to file e-Form ACTIVE.
Impact of non-compliance of such rule:
Pre-requisites for filing e-Form ACTIVE:
In the light of applicability of this form, every company and directors need to work on getting the requirements complete for filing this Form. Many companies need to change their registered office and also need to file their annual returns for the FY 2017-2018 and these activities will take time. Every company needs to take action now for filing this form otherwise Rs 10,000 will be levied in case of non-compliance.
|MCA notifies late Fees of Rs. 10000 for newly notified e-form ACTIVE||G.S.R. (E)||21/02/2019|
|Companies (Incorporation) Amendment Rules, 2019||G.S.R.(E)||21/02/2019|