Marking a company as having management dispute by Registrar of Companies under MCA-21 system. - Companies Law - 19/2011

General Circular No. 19/2011 No. 17/135/2011-CL.V Government of India Ministry of Corporate Affairs 5 th Floor, A Wing, Shastri Bhawan, Dr. R.P. Road, New Delhi Dated:- 02.05.2011 To All Regional Directors All Registrar of Companies Subjects:- Marking a company as having management dispute by Registrar of Companies under MCA-21 system. In the present electronic MCA-21 system, there is a facility with the Registrar of Companies to mark a company marked as having management dispute on the basis of complaints received in his office. This marking creates an alert and the documents are not approved and remain in the registry as work-in-progress till it is demarked by the Registrar. In order to bring uniformity of practices by all Registrar of Companies it is clarified that the Registrar of Companies shall use this facility as under: - (i) The Registrar of Companies shall mark a company as having management dispute in only those cases where the court or Company Law Board has directed to maintain the status quo with reference to any e-forms including status of Directors in the company, or (ii) The Court or Company Law Board has granted any injunction or stay in taking the document on record and Registrar of Companies is a party in such court cases and/or the directions have been issued to the Registrar of Companies. (iii) In other matter, where the Registrar of Companies is not a party and such orders have been passed and has not been served to the Registrar of Companies, it is for the parties to comply to such orders and in case of non-compliances, the law shall take its own course. Yours faithfully (Monika Gupta) Assistant Director