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Important Facts For Prelims

E-form ACTIVE

  • 07 Jun 2019
  • 1 min read
  • 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.
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