BEN-1

Important update Due Dates Defaulting companies, which have failed to file ROC returns can now avail CFSS 2020 and start afresh. Immunity from all penalties and late fees is guaranteed. Once in a lifetime opportunity accorded by MCA. Rush to complete your pending Annual ROC filing now. The due date for Rolling out the Scheme CFSS 2020 is 31st December, 2020. Hence, the ROC annual filing forms like Form DPT 3, INC 22A, DIR 3 KYC, AOC 4. MGT 7, ADT 1, PAS 6, LLP form 8, LLP form 11, MGT 14 etc has been extended till 31.12.2020. MCA has issued a flurry of circulars, which has raised the compliance requirements of Indian Corporate. Here, in this article, we have tried to summarise all such recent circulars and their requirements. Below article has been presented in form of a table for easy understanding. Form to be filed Due Date Frequency to file Applicability Documents required Penalties/Late Fees DIR 3 e KYC 30th April 2019 Annually Every Director having a valid DIN Form and documents are to be attested by a CA/CS PAN, Aadhar/Vote id, Passport (Ignore if already provided to earlier)Latest utility bill with address Rs. 5000/- per director ACTIVE Form 22A Now extended to 15th June 2019. Read more here. One time filing All companies registered on or before 31sts December 2017 Details of Registered office Photo of registered office (outside premises) and one photo along with one director sitting there (inside premises). Rs. 10000/- Form DPT-3 29th June 2019 one time return Every company which has received any loan from directors or banks or others Form should be certified by a CA/CS Declaration from Directors regarding the outstanding loan amount Bank statement till date to update your accounts Rs. 5000/- per director Form 20A Within 360 days from date of Incorporation One time in Life Company incorporated on or after Nov 2nd 2018 Form should be certified by a CA/CS Bank statement reflecting the capital brought in Rs. 50,000/- per director And possibility of striking off the company name Form MSME - 1 30th April 2019 (Expected) Half yearly Every company which has a payment outstanding for MSME companies for more than 45 days Declaration with list of creditors outstanding along with reasons General penalty which can go upto 12 times of government fees BEN -1 BEN -2 8th May 2019 Whenever there is a change Every company which has a non-individual shareholder (i.e. if a company/trust/LLP has invested) Declaration from the ultimate beneficial owner. General penalty which can go upto 12 times of government fees

BEN-1

Recent MCA Circulars on DPT-3, MSME 1, FORM INC 20A and ACTIVE FORM 22A Summarised (March 2019)