Companies registered under The Companies Act, 2013 are required to file their annual financial statements & annual returns with Registrar of Companies and non-filing of same is offence under the companies act, 2013. Section 164(2) read with section 167 of the Companies Act, 2013 (w. e. from 01.04.2014) provide for disqualification of director on account of default by company in filing an annual return or financial statement for a continuous period of 3 years. Rule 14 of The Companies (Appointment & Disqualification of Directors) Rules, 2014 prescribe that every director shall inform to the company concerned about his disqualification, if any, u/s 164(2), in form DIR-8. Consequent upon notification of provisions of section 164(2), Ministry of Corporate Affairs (MCA) had launched a Company Law Settlement Scheme 2014 providing an opportunity to defaulting companies to clear their defaults within the time period specified therein & Following the due process as notifie...
I am practising Chartered Accountant registered under the Chartered Accountant Act, 1949 with a vision to providing Auditing & assurance, Appellate representations, Direct Tax consultancy, Indirect Tax Consultancy, Corporate Law & allied services, Business Consultancy.