Tuesday, May 17

Tag: Important

Just 30 Days left to file e-Form ACTIVE
Generic, MCA, Regulatory

Just 30 Days left to file e-Form ACTIVE

Important Links FAQs on e-Form ACTIVE (INC – 22A) MCA Mandates All Active Companies in India to Submit This Form Before 26th Apr 2019 Companies (Incorporation) Amendment Rules, 2019 Companies (Registration Offices and Fees) Amendment Rules, 2019 Active Company Tagging Identities and Verification (ACTIVE) – eForm – INC 22(A) Companies (Incorporation) Rules, 2014 How to Check eForm ACTIVE INC 22A Filing Status
FAQs on e-Form ACTIVE (INC – 22A)
MCA, Regulatory

FAQs on e-Form ACTIVE (INC – 22A)

1. Which are the Companies that need to file e-Form ACTIVE (Active Company Tagging Identities And Verification) (INC-22A)? Every active company in India that is incorporated on or before 31st December 2017 needs to file particulars of the company in e-Form ACTIVE (Active Company Tagging Identities and Verification) on or before 25th April 2019 as notified by the Ministry of Corporate Affairs in Companies (Incorporation) Amendment Rules, 2019. 2. Is it mandatory to file the e-Form ACTIVE for those companies that incorporated after 31 Dec 2017? Companies incorporated after 31st December 2017 do not need to file e-Form ACTIVE( INC - 22A). 3. What is the last date for filing e-Form ACTIVE (INC-22A)? The last date for filing the e-Form ACTIVE is 25th April 2019. 4. What is th...
MCA Mandates All Active Companies in India to Submit This Form Before 26th Apr 2019
Corporate, MCA, Regulatory

MCA Mandates All Active Companies in India to Submit This Form Before 26th Apr 2019

The Ministry of Corporate Affairs has amended Section 469 of the Companies Act, 2013. The Amended Rules are : These rules may be called the Companies (Incorporation) Amendment Rules, 2019. These rules will come into force with effect from 25th February 2019. The form needed to file for Companies (Incorporation) Amendment Rules, 2019 is e- Form ACTIVE (FORM NO. INC.22A). Key Highlight of Amendment Every company that is incorporated on or before the 31st December 2017 shall file particulars of its company and its registered office in e- Form ACTIVE (Active Company Tagging Identities and Verification) on or before 25th April 2019. Who are Restricted from Filing? Cases where Companies cannot file e- Form ACTIVE (FORM NO. INC.22A) 1. Any company that has not filed its due Financia...
MCA Notifies Norms for Appointment of Chairperson & Members of NFRA
MCA, Regulatory

MCA Notifies Norms for Appointment of Chairperson & Members of NFRA

G.S.R. 125(E).— Ministry of Corporate Affairs hereby amends the National Financial Reporting Authority (Manner of Appointment and other Terms and Conditions of Service of Chairperson and Members) Rules 2018. Under  sub-section (3) of section 132 of the Companies Act, 2013, the following rule that is amended is, in rule 4, in sub-rule (5), for the words “within a period not exceeding one hundred and twenty days” shall be from now on substituted by  “within a reasonable period of time”. This means, the search-cum-selection committee shall make its recommendation to the Central Govt. for the appointment of the Chairperson or Members of the National Financial Reporting Authority, as the case may be within a reasonable period of time. This rule may be called the National Financial Reporting...
New Indian Companies Registered from 2nd Feb – 14th Feb 2019
Corporate, New Companies

New Indian Companies Registered from 2nd Feb – 14th Feb 2019

Highlights: 5,308 Companies Incorporated from 2nd Feb – 14th Feb 2019 709 Companies Registered on 13th Feb 2019 which is the highest 4,874 New Private Companies, 143 Public Companies, and 291 Private One Person Company has been registered Maharashtra has the highest count of new companies – 1,038 New Companies Registered By Date 5,308 companies were Incorporated during 2nd Feb – 14th Feb 2019. 13th Feb 2019 has the highest count of 709 companies. New Companies Registered by Class The highest number of companies incorporated are Private Companies which is 92% (4,874 companies), Private One Person Company is 5%(291 companies), and Registered Public Companies form only 3%(143 Companies). New Companies Registered by State The below table shows the top 10 States with the highest count...
Prevention of Money – Laundering (Maintenance of Records) Amendment Rules, 2019
MCA, Regulatory

Prevention of Money – Laundering (Maintenance of Records) Amendment Rules, 2019

G.S.R. 108(E).— In exercise of the powers of section 73 of the Prevention of Money-laundering Act, 2002, the Central Government of India further makes rules to amend the Prevention of Money laundering (Maintenance of Records) Rules, 2005. There are 12 amendments made to this act and the same has been renamed. As per the newly amended rules, These rules may be called the Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 2019. They have come into force on the date of their publication in the Official Gazette i.e. on 13th February 2019.  In the Prevention of Money-laundering (Maintenance of Records) Rules, 2005 “Aadhaar number” shall have the meaning assigned to it in the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2...
MCA Mandate – Significant Beneficial Owners to Declare their Ownership
MCA, Regulatory, Watch-out

MCA Mandate – Significant Beneficial Owners to Declare their Ownership

G.S.R. 561(E) - In exercise of the powers conferred on Section 90 with sub-section (1) & (2) of section 469 of Companies Act, 2013 makes the following rules further to amend the Companies (Significant Beneficial Owners) Rules, 2018. As per rules These rules may be called the Companies (Significant Beneficial Owners) Amendment Rules, 2019. They shall come into force on the date of their publication in the Official Gazette i.e. 08.02.2019 In the principal rules, The duty of the reporting company Every reporting company shall have to take the necessary steps to identify significant beneficial owners inside their companies and cause such individuals to make a declaration in Form No. BEN -1. The reporting companies should without discrimination make its member (other than an individua...
Strict Action Against Significant Beneficial Owners for the wrongful disclosure of the company
MCA, News, Regulatory

Strict Action Against Significant Beneficial Owners for the wrongful disclosure of the company

Ministry Of Corporate Affairs has put stern rules against Significant Beneficial Owners linked to Indian Corporate Companies. They might face stern actions if there are adequate or wrong disclosure about their ownership as such action will be considered fraud under the Companies Act. A Significant Beneficial Owner is a person whose name is not in the records of a company, but has significant ownership in the company and control the management and daily affairs of the company. The companies too can seek action from the Significant Beneficial Owners in case they do not provide satisfied responses and if companies fail to maintain details on registers of Significant Beneficial Owners, then companies would face actions from MCA. MCA in a drive to identify Benami transactions and prevent mone...
FAQs on MCA Mandate to File Receipts and Deposits
MCA, News, Watch-out

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. What are Companies (Acceptance of Deposits) Amendment Rules, 2019? These are rules by Ministry of Corporate Affairs where 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 that were taken, which are otherwise not considered deposits. What is the amendment related to loans and receipts called? The rule is called Companies (Acceptance of Deposits) Amendment Rules, 2019. When were the Companies (Acceptance of Deposits) Amendment Rules, 2019 notified by RoC?  The notification w...