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Power of AO to Grant Stay — Whether Discretionary or Controlled By the Instructions and Circulars
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August 2011

List of defaulting companies, directors and professionals.

By Sejal Vasa, Company Secretary

Reading Time 1 mins

The MCA vide Circular dated 20-6-2011 has issued a clarification to Circular No. 33/2011, dated 1-6-2011 with regard to compliance of provisions under the Companies Act, 1956. The Ministry has clarified that the Circular shall be applicable to those defaulting companies and Directors which have not filed the Balance Sheet and Annual Return for any of the financial years 2006-07, 2007-08, 2008-09 and 2009- 10 with the ROC as required u/s. 220 and/or u/s. 159 of the Act, 1956 and the Circular would be effective from 3rd July onwards.

The defaulters list, has been updated and has been posted on the MCA21 site.

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