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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...

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,...

25Aug

By InstaFinancialsNo Comments

New@Insta

InstaUpdates | 25 Aug 2022

Summary of InstaUpdate 25 Aug 2022 InstaLegal API is LiveNew Subscription Plans IntroducedDirectorConnect Service Launched InstaLegal APIs is Live The InstaLegal API is now live! We enable you to effortlessly access the latest, accurate and up to date legal cases and defaulting status of any company registered in India via InstaLegal API. InstaLegal APIs offer access to key information about legal cases and defaulting status of companies. They major sets of information includes: Company Basic Information Age (Incorp. Date), Balance Sheet Date, Company Status, Paid up Capital, Company Type, Profit After Tax, Company SubCategory, Open Charges, Email ID, Directors, Company Website, Number of Signatories, Industry and Company AddressCurrent Directors Company Dir...

CCI Approves Acquisition of Bikaji Foods International Limited by Lighthouse India Fund III, Limited (Fund III) and Lighthouse India III Employee Trust

10Aug

By InstaFinancialsNo Comments

Uncategorized

CCI Approves Acquisition of Bikaji Foods International Limited by Lighthouse India Fund III, Limited (Fund III) and Lighthouse India III Employee Trust

The Competition Commission of India (CCI) approves acquisition by Lighthouse India Fund III, Limited (Fund III) and Lighthouse India III Employee Trust (Lighthouse Employee Trust) (collectively referred to as Acquirers) of Bikaji Foods International Limited (Target) under Section 31(1) of the Competition Act, 2002, yesterday. The Proposed Combination involves acquisition of additional 2.727% of equity shareholding in the Target by Fund III and Lighthouse Employee Trust. Lighthouse Funds currently has 7.472% equity shareholding in Bikaji through one of its funds. Lighthouse Funds is a US based company and act as the sponsor and controls private equity funds that make investments in consumer companies in India. Till date, it has raised three private equity funds that are dom...

4,540 Companies Admitted into CIRP; 394 Companies Stand Resolved with 36% Realisation of Claims by Financial Creditors under IBC

10Aug

By InstaFinancialsNo Comments

Uncategorized

4,540 Companies Admitted into CIRP; 394 Companies Stand Resolved with 36% Realisation of Claims by Financial Creditors under IBC

As on 30th June 2021, 4,540 companies were admitted into Corporate Insolvency Resolution Process (CIRP) under Insolvency and Bankruptcy Code, 2016 (IBC). This was stated by Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh in a written reply to a question in Rajya Sabha today. Giving details on the resolution status, the Minister stated that 394 companies were resolved till 30th June 2021 wherein financial creditors (FCs) including financial institutions, had total claims amounting to Rs 6.80 lakh crore, out of which Rs 2.45 lakh crore have been realised, which is 36% of their claims. The Minister further stated that the insolvency resolution process of the corporate debtor (CD) is market driven and the outcome depends on market forces which varies from...

MCA Amends Schedule III of Companies Act on Disclosure Norms in Financial Statements

10Aug

By InstaFinancialsNo Comments

Uncategorized

MCA Amends Schedule III of Companies Act on Disclosure Norms in Financial Statements

In order to bring in greater transparency in reporting of financial statements, the Ministry of Corporate Affairs (MCA) vide notification dated 24.03.2021 has amended the Schedule III to the Companies Act, 2013 effective from 01st April, 2021 to mandate various disclosures by companies in their financial statements. This was stated by Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh in a written reply to a question in Rajya Sabha today. The Minister stated that the new disclosures with respect to the virtual currency/crypto currency transactions and CSR spending undertaken by companies during a financial year are:- Details of Crypto Currency or Virtual Currency Where the Company has traded or invested in Crypto currency or Virtual Currency during the financia...

CCI Receives Notice Relating to Acquisition of Equity Stake in PNB Housing Finance Limited by Pluto Investments S.à r.l. and Salisbury Investments Private Limited, under Green Channel and is Deemed Approved

4Aug

By InstaFinancialsNo Comments

Uncategorized

CCI Receives Notice Relating to Acquisition of Equity Stake in PNB Housing Finance Limited by Pluto Investments S.à r.l. and Salisbury Investments Private Limited, under Green Channel and is Deemed Approved

The Competition Commission of India (CCI) received a notice relating to acquisition of equity stake in PNB Housing Finance Limited CIN(L65922DL1988PLC033856) (Target) by Pluto Investments S.à r.l. (Pluto) and Salisbury Investments Private Limited CIN(U67120MH1994PTC077918)(Salisbury), under Green Channel. Notice received under the Green Channel is deemed to be approved under regulation 5A of the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Regulations, 2011. Pluto is a newly established special purpose vehicle incorporated under the laws of Luxembourg and does not have any business activities in India. It is majority owned and controlled by investment funds known as Carlyle Asia Partners V, all being advised by affiliates...

12,889 Shell Companies Struck off in FY 2020-21

3Aug

By InstaFinancialsNo Comments

Uncategorized

12,889 Shell Companies Struck off in FY 2020-21

There is no definition of the term “Shell Company” in the Companies Act. It normally refers to a company without active business operation or significant assets, which in some cases are used for illegal purpose such as tax evasion, money laundering, obscuring ownership, benami properties etc. This was stated by Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh in a written reply to a question in Rajya Sabha today. On the identification shell companies, the Minister stated that the Special Task Force set up by the Government to look into the issue of “Shell Companies” has inter-alia recommended the use of certain red flag indicators as alerts for identification of Shell Companies. Giving more details, the Minister stated that the Government has undertaken a Specia...