Form INC22A - Crackdown on shell companies

CA Kushal Soni , Last updated: 23 February 2019  
  Share


One more step towards crackdown of shell companies.

Form No. INC-22A "ACTIVE" Active Companies Tagging Identities and Verification

Important Points:

1. Applicable on all companies incorporated on or before 31st Dec 2017 - Not applicable on recently incorporated entities, reason could be MCA wants collect data for existence of registered office of companies

2. Company not able to change authorised, paid-up capital, directors, registered office, amalgamation, merger activities, in case of non-filing of form - Great move by MCA by not allowing subsequent changes required. This condition force companies to comply in large numbers 

3. Last date to file form without late fees Is 26th April, 2019, after this late fee of Rs. 10,000 applicable - Reasonable penal provision exist for non-compliance

4. Photograph showing external building and internal office of registered office with director who is signing this form - This requirement is the heart and sole of Form 22A, after having photographs with mandatory requirements of displaying company name and CIN  outside regd office of companies, MCA will investigate by visiting registered offices of companies to establish genuinity of photographs provided in Form 22A. If found fave penal action would follow.

5. If DIR-3KYC form not filed for any director then company is not able to file Form-22A - This force directors to comply for DIR3 KYC as again very intelligent move by MCA to force all directors to update their KYC

6. Details of current statutory auditor, cost auditor, company secretary and CFO, if applicable, is mandatory - This data will be matched with ADT-1 form filed for companies. Data must be inline in both the forms.

7. SRN of AOC-4 and MGT-7 for FY 2017-18 is mandatory for filing this form - This would force companies to go for annual filings, if not done yet.

8. Form is mandatorily required to be attested by CA/CS/CMA.- One more opportunity knocking for professionals. 


CCI Pro

Published by

CA Kushal Soni
(Partner)
Category Corporate Law   Report

4 Likes   6615 Views

Comments

11 April 2019 nehaa Agarwal

what if GNL2 is filed and not ADT 1 .. how do I feed in the date of the statutory auditor?


11 April 2019  nehaa Agarwal
@nehaa Agarwal data*
  

11 April 2019 Bhavin Rajgor

Not available


29 March 2019 yatin garg

Dear sir How to know whether has filed the INC-22A form as the form is not showing in public documents list of Company. If someone has filed the form please tell the name of the Company.


05 April 2019  CA Kushal Soni
Check in other forms category
  

25 February 2019 Anwar Ali

Dear All, Should LLP's are also under this.?


25 February 2019  CA Kushal Soni
No, not applicable on LLPs
  

Your are not logged in . Please login to post comments.

Click here to Login / Register  



Popular Articles




CCI Pro
Follow us

CCI Articles

submit article