The government today asked Registrar of Companies (RoC) to make sure
that firms which do not file their balance sheets and annual returns
regularly, are barred from filing any other event-based reports.
The Ministry of Corporate Affairs (MCA) also said that from July 3, no e-filing shall be accepted by the RoC from Directors of these defaulting companies for any other company also.
"All Companies will have to file their updated Balance Sheet and Profit & Loss Accounts and Annual Return with the RoC before recording any event based information/ changes made and no request, whether oral, in writing or through e-forms will be accepted in this regard," the MCA said in a statement.
It further directed Company Secretaries and auditors of these companies not to sign and certify the filing with MCA-21 system (the Ministry''s e-governance platform), in respect of these defaulting companies, till the defect is rectified.
"Members of ICAI, ICSI and ICWAI must not issue any certificates to such defaulting companies other than above mentioned e-forms. And, action will be taken against the defaulting companies and their Directors/ officers in default in co-ordination with RBI and Sebi," it said.
However, the ministry said, this order would not apply to such companies where the balance sheet and annual return could not be filed due to order of court/company law board or any other competent authority and RoC concerned has marked this company as having management dispute.
The Ministry of Corporate Affairs (MCA) also said that from July 3, no e-filing shall be accepted by the RoC from Directors of these defaulting companies for any other company also.
"All Companies will have to file their updated Balance Sheet and Profit & Loss Accounts and Annual Return with the RoC before recording any event based information/ changes made and no request, whether oral, in writing or through e-forms will be accepted in this regard," the MCA said in a statement.
It further directed Company Secretaries and auditors of these companies not to sign and certify the filing with MCA-21 system (the Ministry''s e-governance platform), in respect of these defaulting companies, till the defect is rectified.
"Members of ICAI, ICSI and ICWAI must not issue any certificates to such defaulting companies other than above mentioned e-forms. And, action will be taken against the defaulting companies and their Directors/ officers in default in co-ordination with RBI and Sebi," it said.
However, the ministry said, this order would not apply to such companies where the balance sheet and annual return could not be filed due to order of court/company law board or any other competent authority and RoC concerned has marked this company as having management dispute.
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