Company ACTIVE Compliance 2019
Ministry Of Corporate Affairs has introduced additional compliance to be fulfilled by all companies registered under the companies act 2013 including One Person Company, Private Limited Company, Section 8 Company, or a Limited company. This initiative is taken in order to filter shell companies and maintain an updated KYC record of all the companies which are genuinely conducting business.
An additional eForm INC 22A ACTIVE which stands for “Active Company Tagging Identities and Verification” is required to be filed giving the particulars of the company, its directors, its status, and its registered office and has to be certified by a practicing professional. Only after filing this eForm, the companies would be marked as ACTIVE compliant.
Details to be furnished in ACTIVE INC 22A:
Following are the details which will be required to be furnished in the e-form:
- Complete details of the registered office, along with Geo-coordinates and snaps of the building.
- Complete details of Directors, Key Managerial Personnel, Company Secretary, Auditor & Cost Auditor appointed if any.
- Complete details of Annual Returns Filed previously.
Applicability of ACTIVE INC 22A:
This compliance is required to be fulfilled by every company registered on or before 31st December 2017. So please check your Incorporation date in the certificate of Incorporation to find out if such compliance is applicable to you.
However, INC 22A ACTIVE cannot be filed by the following companies:
- A Company which has not filed the financial statements required to be filed as a part of annual compliance or
- A Company which has not filed the annual returns under section 92 of the Companies Act 2013 or
- A Company that is amalgamated or Dissolved or has been struck off or under the process of striking off or liquidation as recorded in the respective registrar is also not required to file such e-From.
Due Date:
The eForm is filing due date has been extended to 15th June 2019, any company failing to do so will be marked as ACTIVE Non-Compliant.
Late Fees / Penalty:
Every company failing to file INC 22A ACTIVE on or before the due date has to pay a late fee of 10,000 INR for fulfilling such compliance. Furthermore, a defaulting company will not be allowed to file any even based changes such as:
- Change in Authorised Share Capital
- Change In Paid-up Share Capital
- Change In Directors, Except Cessation
- Change In Registered Office
- Amalgamation or Demerger
For any assistance regarding the compliance please feel free to call us or Whats-app us on +91-700-8804070 or Click here to file the compliance now.