Complete KYC by 25 April 2019 to retain “Active” status for your Company

Posted by Nandish Trivedi on 14 Mar, 2019
Complete KYC by 25 April 2019 to retain “Active” status for your Company

Ministry of Corporate Affairs (MCA) is actively cleaning up its database of private and public limited companies through various initiatives. Their purpose is to eliminate shell companies and have complete & accurate information about operating companies. As a step towards achieving this, MCA has introduced Form INC-22A (also known as e-form Active; Active company tagging identities and verification) vide notification dated 22nd February 2019. An “Active” tag implies KYC compliance under the Companies Act, 2013.

Below are the highlights of e-form INC-22A:

Sr. NoTitleNote
1.Applicability of E-Form INC-22AFor every company incorporated on or before 31st December 2017
2.Due Date for filing E-Form INC-22AOn or before 25th April, 2019 (Beyond this, late fees of Rs.10,000/- will be payable)
3.Information mandatorily required to be filed in E form INC-22A
  • The number of the Directors as on the date of filing;
  • Email id of the Company;
  • Details of Statutory Auditor;
  • Details of the Cost Auditor if Applicable;
  • Details include DIN no, name and designation of CEO, Manager and Whole time director;
  • Details include Pan, name and membership number of company secretary if applicable; SRN number of AOC-4/MGT-7 for FY 2017-2018;
  • Details of CFO if Applicable.
    4.Attachments with the E-Form INC-22A
    • Photograph of the registered office address showing the Inside and Outside Building;
    • Inside office showing therein at least one director/KMP who is going to digitally sign e-form INC 22A.
      5.Implications of late /Non-Filing of E-Form INC-22A
      • Late fees of Rs.10,000/-
      • Marking of the status of the Company as “Active – Non-Compliant” in MCA Master Data;
      • Filing of following e-forms shall be barred-
        • SH-7
        • PAS-3
        • DIR-12 (except cessation)
        • INC-22
        • INC-28 (for amalgamation /demerger)

      Hence, companies should complete the above KYC procedure by 25th April 2019 to avoid heavy late fees and retain active status; so that they can file other forms without further penalty.