Ministry of Corporate Affairs
Government of India
In order toA ensure Corporate Governance and Green Initiative of paperless compliance, the Ministry of Corporate Affairs has taken several steps in the recent past.
- · Issue of digital certificates by Registrar of Companies-
It has been decided that all certificates and standards letters issued by the Registrar of Companies will now be issued electronically under Digital Signature of the Registrar of Companies by the system automatically. (Circular No. 29/2011 dt. 20.05.2011 and 39/2011 dated 21.06.2011).
- · Furnishing of PAN data by existing DIN holders-
Directors Identification Numbers (DIN) is now allotted online. Permanent Account Number (PAN) has been made mandatory from 12th June, 2011 for obtaining DIN. All existing DIN Holders are required to furnish their PAN Data in Form DIN-4 by 30th September, 2011,if not furnished earlier, otherwise their DIN will be disabled and they will not be able to file any document with the Ministry.(Circular No. 32/2011 dated 31.05.2011).
- · Updation of filing of statutory Annual documents with Registrar of Companies-
Companies, which have not filed their Annual Reports and Balance Sheets for any of the financial year 2006-07, 2007-08, 2008-09, and 2009-10, are requested to update the filing of all pending Balance Sheet and Annual Reports by 3rd July, 2011, otherwise directors of such erring companies will not be able to file forms (except few forms) in respect of any company (Circular No. 33/2011 dated 01.06.2011 and 38/2011 dated 20.06.2011).
- · Action against companies and professionals for furnishing wrong data and incorrect certification in forms filed under the Companies Act, 1956-
Ministry has observed that several companies are filing wrong figures in the statutory forms filed with the Registrar of Companies. It has been decided by the Ministry to initiate action against such erring companies as well as concerned professionals for their wrong doing (Circular No.14/2011 dated 08.04.2011 and see notice on Ministry’s website).
- · Payment by stakeholders through National electronic Fund Transfer (NeFT) Mode-
To enable online payment from any bank, NeFT/RTGS payment mode will be enabled from 2nd July, 2011 whereby stakeholder/company having bank account in any bank can make online payment on given account number.
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