Report u/s 394A of the Companies Act, 1956- Taking accounts of comments/inputs from Income Tax Department and other sectoral Regulators while filing reports by RDs.

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..... Dr. R.P. Road, New Delhi, 15 th January 2014. To Regional Directors, All Registrar of Companies, All Stakeholders. Subject: Report u/s 394A of the Companies Act, 1956 - Taking accounts of comments/inputs from Income Tax Department and other sectoral Regulators while filing reports by RDs. Sir, Section 394A of the Companies Act, 1956 .....

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..... nder Section 394 and of the Regional Director concerned acting on behalf of the Central Government under Section 394A are quite different. 3. An instance has recently come to light wherein a Regional Director did not project the objections of the Income Tax Department in a case under Section 394. The matter has been examined and it is decided that while responding to notices o .....

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..... f the Income tax Department or other Regulators. While ordinarily such views should be projected by the Regional Director in his representation, if there are compelling reasons for doubting the correctness of such views, the Regional Director must make a reference to this Ministry for taking up the matter with the Ministry concerned before filing the representation under Section 394A . .....

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