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May 2011

Implementation of enhanced regulatory framework on annual statutory filings.

By Sejal Vasa | Company Secretary
Reading Time 1 mins
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Companies that have not filed their statutory annual filings for both form 20B and 23AC/23ACA since 2006 i.e., 2006-2007, 2007-2008 and 2008- 2009 (i.e., have not done any of the six required filings) will not be allowed to file any other eform with the Ministry, unless and until all such pending documents are filed. The status of such companies would be changed to ‘Dormant’. Each such company having the status as ‘Dormant’ will have to file an application for normalising in e-form-61 and once e-form 61 is approved by respective Registrar of Company, The Company will be given a stipulated period of 21 days for filing all the due balance sheets and annual returns from the date of approval of form 61. If all the due documents are not filed within this period, the company’s status will again be reverted to ‘Dormant’ and will have to follow the process of filing form 61 once again.
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