Regulatory – Read Regulatory & Company Updates, Academic & Research Articles InstaFinancials Blog

How to file DIR-3 KYC using Web Form for FREE?

15Sep

By InstaFinancialsNo Comments

Academia

How to file DIR-3 KYC using Web Form for FREE?

The DIR 3 KYC is a form that must be submitted by each director assigned a DIN (Director Identification Number). This is mandatory for all directors regardless of qualified or disqualified status. The last date to file DIR-3 KYC is 30th Sept 2022, After that, you'll be charged a penalty of Rs. 5000 for late filing your DIR-3 KYC. So, Here is an Easy Step by Step guide to filing the DIR-3 KYC Web form. STEP 1 - Visit the DIR-3 KYC Web Form Click on - DIR-3 KYC Web Form and log in with valid credentials. STEP 2 - Input Your DIN Input your DIN. If the DIN is valid, the corresponding Email ID & Mobile Number (masked) will be displayed on the website. STEP 3 - Verify OTP Click on the Send OTP buttons available near mobile number & em...

How to find the Struck Off Status of Companies by Name or PAN

5Sep

By InstaFinancialsNo Comments

Academia

How to find the Struck Off Status of Companies by Name or PAN

Imagine that you are given a task to research the struck off status of companies by name or PAN, what would you do? Obviously you would have a few options. You could go through the internet, conduct a comprehensive search for information about the company status on the websites of various financial regulators. But wouldn't it be simpler if there were some platform available to help smooth the process? Be with us through this article and you will definitely have an easy road out! Table of Contents What is Struck off company MCA notice on struck off company How to find status of company How to find status of company on MCA How to find status of company on InstaFinancials Bulk search of struck off companies What is Struck off Company? Strike Off or Struck o...

5Sep

By InstaFinancialsNo Comments

Academia

FAQs on DIR-3-KYC

The DIR-3 KYC filing window for every financial year ending at 31 Mar ends on 30th September of the following financial year. e.g. The last date for filing the DIR-3 KYC form for the FY 21-22 ends on 30 Sep 2022. All directors are requested to file the DIR-3 KYC form before the due date, as failing which the DIN of the respective director will be changed to "Deactivated Due to Non-Filing of DIR-3 KYC" and the Director will also be liable to pay the late filing fee of Rs 5,000, for filing after the due date. So, Please visit the DIR-3-KYC-WEB form to complete your KYC in time and avoid any penalty. But before that read a few frequently asked questions, mentioned in this article and clear your doubts! FAQs On DIR-3 KYC Who is required to file the DIR-3 KYC form? For the Financial...

When is the Due Date for Filing DIR-3 KYC for FY 21-22?

5Sep

By InstaFinancialsNo Comments

Generic

When is the Due Date for Filing DIR-3 KYC for FY 21-22?

For Financial Year 21-22 - any person who has been allotted “Director Identification Number (DIN/DPIN)” on or before 31st March 2022 and the status of such DIN is ‘Approved’, needs to file form DIR-3 KYC to update KYC details in the system on or before 30 Sep 2022. 30 Sep 2022 is the last date for filing DIR-3 KYC form for FY 21-22 After expiry of the respective due dates, system will mark all non-compliant DINs against which DIR-3 KYC form has not been filed as ‘Deactivated due to non-filing of DIR-3 KYC’. The Director will be liable to pay the late filing fee of Rs 5,000, for filing after the due date Please follow the steps mentioned below to file DIR-3 KYC form: Login to MCA Visit DIR-3 KYC Web (Home > MCA Services > DIN Services > DIR-3-KYC-WEB) Enter the DI...

Verification of Registered Office [MCA Notification]

29Aug

By InstaFinancialsNo Comments

Generic

Verification of Registered Office [MCA Notification]

India has always been the forerunner among the emerging economies and it is a country with a lot of potential. To tap into this potential, there is a need to develop more and more businesses out of this country and have efficient rules and regulations while incorporating such businesses. The Indian government is taking steps in that direction by solidifying the process of company incorporation with minimizing the fraud incorporations. For the same, the Central Government of India has issued a notification in order to make some amendments to the company incorporation rules, 2014 and hereby makes the following rule added further to the same. These rules will be called as companies (Incorporation) third amendment rules 2022, and after 25A, the following rule shall be inserted,...

3Aug

By InstaFinancialsNo Comments

Academia, GST

Companies Risk Scoring Models

Last thing an organization wishes for is default by its customer or vendors. The fact is, it cannot be eliminated but can definitely be minimized, if tracked beforehand. To track the future uncertainty - Risk scoring model can be a very useful tool for organizations or any individuals wanting to minimize risk. In this article we will be talking about Risk scoring models, why to use them and most commonly used models. At the end, we will also discuss how you can know the risk score of your customer or vendors to determine the level of reliability. Table of Content What are Risk Scoring Models?Usage & Benefits of Risk Scoring Models?Types of Risk Scoring Models Piotroski's F Score Model Beneish's M-Score ModelAltman's Z Score ModelMontier's C Score Model How to calculat...

22Jul

By InstaFinancialsNo Comments

Academia

Company Due Diligence Checklist

Due Diligence of a Company is the process of reviewing the company legal, compliance, and financial aspects of the company. A company due diligence is recommended during purchase or sales or lending or investment or acquisition or merger or other business transactions. The major challenges in the due diligence process are 1. Scope of Due Diligence 2. Sources of Information 3. Aggregation of Information 4. Analysing the information 5. Making informed decisions, and last but most importantly performing all these actions in time. It is important for any business to establish a reliable and robust company due diligence process to make faster and informed business decisions. Download Company Due Diligence Checklist (PDF) Table of Content What is Company Due Diligence?When is ...

12Jul

By InstaFinancialsNo Comments

Academia

Suspension at Stock Exchange Explained

The Securities and Exchange Board of India (SEBI) is the regulatory authority established under the SEBI Act 1992 and is the principal regulator for Stock Exchanges in India. SEBI's primary functions include protecting investor interests, promoting and regulating the Indian securities markets. The BSE and the National Stock Exchange of India (NSE) regulate with suspension of trading at stock exchange. Suspension of trading is one of the redlines for any stock exchange. It is basically a temporary shutdown because of non-compliance with the regulations of the exchanges Table of Content What does Suspension of Trading at Stock Exchange Mean?What are the Reasons for Suspension of Trading at Stock Exchange?What is the Difference Between Trading Halt and Trading Suspension?How t...

5Jul

By InstaFinancialsNo Comments

Academia

What is ACTIVE Compliance Status?

The Ministry of Corporate Affairs (MCA) had issued rules regarding companies incorporation for validating the registered office addresses of companies registered under the Indian Companies Act. These new rules came into effect on February 21, 2019 which states - every company incorporated on or before the 31st December, 2017 was required to verify its registered office, by filing e-form ACTIVE. The due for filing of e-form ACTIVE or INC-22A, is 31 Jul of every calendar for all the companies incorporated on or before 31 Mar of the respective calendar year. ACTIVE is an acronym of “Active Company Tagging Identities and Verification”. Table of Content What does ACTIVE Compliant Status Means? What does ACTIVE Non-Compliant Company Status Mean ?Example of ACTIVE Compliant Com...

How to Check Company Registration Status?

22Jun

By InstaFinancialsNo Comments

Academia

How to Check Company Registration Status?

Whenever you research about any company, one term you will often come across will be the “company status”. What does a company status mean? why is there a need to check company status? and how do you check company status? Each company has an operational status to it. The ‘status’ of a company is an indicator of whether the company is still functioning or not. Company status is one of the most important pieces of information to verify before dealing with any company. Company status indicates the present operating condition of a company. Company status of Indian companies gets updated on a regular basis by the ministry of corporate affairs (MCA) based on compliance adherence by the company related to filing of statutory documents. Every Indian company registered with the registrar of ...