Ministry of Corporate Affairs (MCA) has vide its notification dated 30th April 2019 has informed its stakeholders that e-Form DIR-3KYC (KYC of Directors) is to be filed by all the Directors on or before June 30, 2019 for FY 2018-19 and subsequently every year on or before 30th June of the immediate next financial years.

An application for removal of name of the company shall be made in Form STK-2 along with the fee of ten thousand rupees and the format of Statement of Account is prescribed in Form No. STK-8. Also, application in Form No STK-2 shall be filed by a company only when it has filed overdue returns in Form No. AOC-4, AOC4 XBRL, and Form No. MGT-7, up to the end of the financial year in which the company ceased to carry its business operations.

 MCA Clarified that Companies, who had filed the details of appointment of auditor in E-Form GNL-2 (by selecting others) during the period from April 01, 2014 to October 20, 2014, may file E-Form ADT-1 without fees till June 15, 2019 for the appointment of auditor for the period up to March 31, 2019.

MCA has notified the Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2019 effective from September 30, 2019. New form PAS-6 Reconciliation of Share Capital Audit Report wherein companies shall furnish information for the half year ended September 30th and March 31st in every financial year for each ISIN separately.

MCA has notified one more activities which may be included by companies in their Corporate Social Responsibility Policies Activities i.e, disaster management including relief, rehabilitation and reconstruction activities.

Through this newsletter, we want to share the brief of notifications/circulars issued by from Ministry of Corporate Affairs (MCA), Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), and other authorities including Insolvency and Bankruptcy Board of India (IBBI), National Company Law Tribunal (NCLT) and Stock Exchanges in the month of May, 2019 and compliance calendar for the month of June & July, 2019.