The Corporate Affairs Ministry (MCA) has ruled out any extension of the last date for filing the e- form ACTIVE, which was primarily introduced to weed out shell companies.
E-form ACTIVE stands for Active Company Tagging Identities and Verification.
In case the ACTIVE is not filed before the deadline, the compliance status for such companies would be marked as ‘ACTIVE Non-Compliant’ and directors of such ACTIVE non-compliant companies would be marked as ‘Director of ACTIVE non-compliant company.
It will be the responsibility of directors of non-compliant companies to set the compliance record straight, failing which they run the risk of not being eligible to be associated with compliant companies.
The defaulting company may be liable for action for removal of the name by the registrar of companies.
The company concerned will also be barred from filing several forms. Separately, a late filing fee of Rs 10,000 will also be imposed on the defaulting company.
