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Nov 13, 2019
 
MCA cautions defaulting directors to find pending statutory returns and do necessary compliance
 

The Ministry of Corporate Affairs (MCA) said cautioned the Directors of the companies, who have been disqualified for their default of non-filing of financial statement or annual return for continuous period of three financial years, to find pending statutory returns and do necessary compliance as per the law.

MCA said, "the Registrar of Companies (ROCs) are in the process of identification and flagging of directors disqualified under section 164(2) (a) of Companies Act, 2013 for their default of non-filing of financial statement or annual return for continuous period of three financial years i.e. 2015-16, 2016-17 and 2017-18".

In this regards, the MCA said all the defaulting directors are cautioned to find pending statutory returns and do necessary compliance as per provisions of law, otherwise action will be initiated under Section 164 of the Companies Act 2013 and Rules made there under.

The DINs of such Directors are not allowed to be used for filing any e-forms on MCA21 portal.

 
 
 
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