Compliance of provisions of the Companies Act, 1956 and Rules made thereunder - Companies Law - F.No. 17/146/2011-CL-V

Compliance of provisions of the Companies Act, 1956 and Rules made thereunder Circular [F.No. 17/146/2011-CL-V], dated 12-5-2011, issued by ministry of Corporate Affairs In order to ensure compliance of the provisions of the Companies Act, 1956 and Rules made thereunder, it is observed that the majority companies are only filing their event based information through MCA-21 to the Registrar of Companies, however the statutory compliance related to Annual filings are not complied with. Therefore, it has been decided that the companies who have not filed their statutory Annual Reports ( i.e. , Balance Sheets, Profit and Loss Accounts and Annual Reports) with the Registrar of Companies, they should not be allowed to file their other Forms except the following Forms till the companies has filed its updated Statutory Annual Accounts/ Annual Report in MCA-21 system: Forms Subject Form 32 Particulars of appointment of managing director, directors, manager and secretary and the changes among them or consent of candidate to act as a managing director or director or manager or secretary of a company and/ or undertaking to take and pay for qualification shares. [Pursuant to sections 303(2), 264(2) or 266(1)( a ) and 266 (1)( b )( iii ) of the Companies Act, 1956 ] Form 20 B Form for filing annual return by a company having a share capital with the Registrar. [Pursuant to section 159 of the Companies Act, 1956 ] Form 21A Particulars of annual return for the company not having share capital. [Pursuant to section 160 of the Companies Act, 1956 ] Form DIN- 3 Intimation of Director Identification Number by the company to the Registrar. Form 21 Notice of the court or the Company Law Board order. [Pursuant to sections 17(1), 17A, 79, 81(2), 81(4), 94A(2), 102(1), 107(3), 111(5), 141, 155, 167, 186, 391(2), 394(1), 396, 397, 398, 445, 466, 481, 559 and 621A of the Companies Act, 1956 ] Form 1AA Particulars of person(s) or director(s) or changed or specified for the purpose of clause (f) or (g) of section 5. [Pursuant to section 5( g ) of the Companies Act, 1956 ] Form 62 Form for submission of documents with Registrar of Companies. [Pursuant to sections 44, 60, 77A, 488, 497, 509, 516, 551 and 555 of the Companies Act, 1956, rules 313, 315, 327, 331, 335 of the Companies (Court) Rules, 1959 and rule 10 of the Companies (Acceptance of Deposits) Rules, 1975 ] Forms 23AC 23 ACA Form for filing balance sheet and Profit Loss account and other documents with the Registrar. [Pursuant to section 220 of the Companies Act, 1956 ] Forms for deposit of money into IEPF. Forms related to Cost Audit Branch. 2. It may be further noted that: ( a ) Directors of these companies will not be allowed to sign any document for filing with MCA-21 system; ( b ) Company Secretaries and Auditors of these companies will also not be allowed to signing and certifying the filing with MCA-21 system; and ( c ) To take action against the defaulting companies in co-ordination with RBI and SEBI. 3. The Secretary, MCA has desired to invite comments/recommendations from all concerned officers and stakeholders and it is requested to place your comments on the above subject latest by 25-5-2011, so as to make necessary arrangements for restricting such companies from filing of all Forms except as stated above. Comments/recommendations may be sent to [email protected] 4. This issues with the approval of the Secretary, MCA.