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September 2011

Filing of Statement of Affairs for Companies under Liquidation.

By Sejal Vasa, Company Secretary
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The Ministry of Corporate Affairs has vide General Circular No. 56/2011, date 28th July 2011 informed that DIN (Directors Identification Number) would be blocked consequent to the non-filing of the Statement of Affairs (SOA), pursuant to the winding up orders passed by the Court u/s. 454. The SOA is required to be submitted within twenty-one days from the relevant date (i.e., in a case where a provisional liquidator is appointed, the date of his appointment, and in a case where no such appointment is made, the date of the winding up order), or within such extended time not exceeding three months from that date as the Official Liquidator or the Court may, for special reasons, appoint.

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