ROC TO TAKE ACTION AGAINST DEFAULTING COMPANIES

ROC TO TAKE ACTION AGAINST DEFAULTING COMPANIES

ROCs have issued Show Cause Notices to the defaulting companies which have not filed their Balance Sheets and Annual Returns within the time.

Recently, ROCs have issued Show Cause Notices to the defaulting companies which have not filed their Balance Sheets and Annual Returns within the time prescribed under Section 159 and 220 of the Companies Act, 1956. DIN3 was introduced by Companies (Amendment) Act, 2006 to have correct data of directors. After launch of MCA-21, all companies were requested to correct their company’s master data and director's database by filing DIN3. Certain companies have not availed this opportunity, with the result their master data and directors database could not be updated. In case any discrepancy is found in Show Cause Notice issued, the same may kindly be intimated to respective ROC for necessary action.

Source: Notice as displayed on MCA Website