*Automatic Reactivation of DIN*
Stakeholders of Condonation of Delay Scheme (CODS) (notified vide General Circular No.16/2017 dated 29th December 2017) may kindly note that the process for ‘reactivation’ of the DINs in respect of disqualified Directors has been completed and the status of the relevant DINs can be checked now. Stakeholders are therefore requested to file necessary ‘overdue documents’ as per the scheme.
*CODS SCHEME NOT AVAILABLE TO SOME DIRECTORS*
They may further note that the scheme is not applicable for those Directors who may have been associated with a company which was struck off under Section 248(1) of
the Companies Act-2013 and DINs for such individuals shall be
re-activated only upon receipt of orders for revival of the said company, as per due process laid down under Section 252 of the Companies Act-2013.
Please feel free to ask any query or clarification related to re-activation of your Company under CODS Scheme or through NCLT.
For Kashif Ali & Associates
FCS, LL.B, M.Com
Ph: 9718483209, Mail: firstname.lastname@example.org
Ministry of Corporate Affairs in September 2017 had disqualified approx 3,09,614/- directors who were associated with the companies who had failed to file their annual statements and Annul Return with Registrar of Companies for lass three Financial Years. You can search for defaulting director on http://www.mcadefaulter.com
To give these defaulting Companies and their directors a final chance to remove themselves from defaulter list, Ministry of Corporate Affairs had on 29th December 2017 vide its circular No 16/2017 issued a scheme named “Condonation of Delay Scheme 2018”
Kashif Ali, a fellow member of the Institute of Company Secretaries of India and owner of ‘Kashif Ali & Associates, Company Secretaries’ Delhi, has analyzed this scheme and bring it to you for easy understanding.
MCA CONDONATION OF DELAY SCHEME 2018”
Scheme is available: From: 1st January 2018 to 31st March 2018
Scheme is available for: Companies whose status is “Active” on MCA Portal
Scheme is not available for: Companies who are struck off or whose ame has been removed from the ROC u/s 285(5)
Process to avail this scheme:
- DIN of all disqualified directors shall be re activated- automatically during the validity of the scheme
- Defaulting company shall file “overdue documents” with statutory fees and additional fees.
- After successful filing of all overdue documents , the company shall seek condonation of delay in E form E-CODS
- *The Filing fees for E-form CODS shall be Rs. 30,000/-
- ** For companies whose name have been struk off u/s 248 and had filed application for revival u/s 252 of the Act , the DIN of those directors shall only be re-activated after NCLT Order
What if Company do not avail this scheme?
- The DIN of defaulting directors shall be deactivated .
- ROC shall take all necessary actions under the companies Act 2013 against companies who had not availed this scheme
What are overdue documents or which E-form can be filed under this scheme?
Under this scheme only the following e forms can be filed.
|Srt. No.||Name of the E-form||Purpose|
|1.||Form 20B / MGT-7||Form for filing
Annual return by a
company having share capital
|– Particulars of Annual return
for the company not having share capital
|3.||Form 23AC, 23ACA, 23AC-XBRL, 23ACA-XBRL, AOC-4, AOC-4(CFS), AOC (XBRL) and AOC-4(non-XBRL) –||Forms for filing Balance Sheet/Financial Statement and profit and loss account.
|4.||Form 66 –
|Form for submission of Compliance Certificate with the Registrar|
|– Form for intimation for Appointment of Auditors|
Thanks & Regards:
For KASHIF ALI & ASSOCIATES
FCS, LL.B, M.Com
C-100, Ground Floor, Sarai Julena
New Friends Colony, New Delhi-25
Call us : +91 9718483209
Mail us : email@example.com