E-Form ACTIVE (Active Company Tagging Identities and Verification)

In yet another move to identify and shut down shell companies and thereby preventing misuse of corporate structure, MCA has come out with a way to identify active companies. MCA has introduced the E-Form ACTIVE on 21st February, 2019 by issuing Companies (Incorporation) Amendment Rules, 2019 (which can be accessed here) and Companies (Region offices …

Renewed Process for Adjudication of Penalties

Companies (Adjudication of Penalties) Amendment Rules, 2019 The recommendations contained in the Report of the Committee to Review Offences under the Companies Act, 2013 included the following: Instituting a transparent and technology driven in-house adjudication mechanism on an online platform and publication of the orders on the website. Strengthening in-house adjudication mechanism by necessitating a …