Wednesday 1 June 2011

MCA - Compliance of Provision of the Companies Act,1956 and Rules made there under.

It has been observed by MCA that some companies are filing only their event based information with the Registrar of Companies without filing their upto date Balance Sheet and Profit & Loss Accounts and Annual Return. Therefore, such companies are depriving the right of the public to inspect these basic documents.

In order to ensure corporate governance and proper compliances of provisions of Companies Act, 1956, it has been decided by MCA that no request, whether oral, in writing or through e-forms, for recording any event based information / changes shall be accepted by the Registrar of Companies from such defaulting companies, unless they file their updated Balance Sheet and Profit & Loss Accounts and Annual Return with the Registrar of Companies.

However in the interest of other stakeholders, certain event based information / changes will continue to be accepted by the Registrar of Companies from such defaulting companies.

More details can be obtained from the relevant Circular of MCA by clicking the following link.

http://www.mca.gov.in/Ministry/pdf/Circular_33-2011_01jun2011.pdf

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