FAQs on MCA Mandate to File Receipts and Deposits
Ministry Of Corporate Affairs has decided to make disclosure guidelines more strict and rigid. The FAQ’s related to Companies (Acceptance of Deposits) Amendment Rules, 2019 are provided below.
1.1 Million Companies To Submit Loans & Receipts to ROC
Ministry Of Corporate Affairs has decided to make disclosure guidelines more strict and rigid. According to the mandate, every company other than Government companies need to submit a one time return covering from April 1, 2014, to January 22, 2019, on all outstanding receipts of money or loans taken, which are otherwise not considered deposits.
Update on Public Announcements and Invitation of Resolution Plans from Insolvency and Bankruptcy Board of India mentioned below for your reference.
Update from IBBI – 6th Feb 2019
06-02-2019 – Judgement in the matter of K.Sashidhar Vs Indian Overseas Bank & Ors
06-02-2019 – Order in the Matter of RV Registration