MCA Update - As we are all aware every Director of a company in India has the obligation to file their KYC details with MCA each financial year. We are close to September and it is the time to file the KYC for Directors. The due date being September 30, 2022.
MCA has notified new E-form DIR-3KYC and web form DIR-3KYC on August 29, 2022. There is a new requirement wherein directors are required to provide additional information with respect to Jurisdictional Police Station in the Address Column of the form.
Good news that Date extended for DIN KYC -2022
An Indian Pvt Ltd co. engaged in certain services classified under export of services under GST.
The company received advance worth 2cr from an overseas customer in March 2020 in USD in their bank account as advance against the travel-based services to be provided. From March 2020 the international travel ceased so, the company has not provided any services for last two years to the said client.
The issue : How will the above advance be treated under section 73 and Deposit rules.
-Whether it falls under Public Deposit/Loan
-Whereas it's simply a business advance against services to be provided in future but outstanding for more than 365 days.
-What options the company has to not the same be treated as deposit/loan.
Please give resolutions
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Share the procedure for registration and other compliances if any needs to be done.Click here to view / answer Share it on
Required drafts formats for First Board Meeting Agenda, Notes of Agenda and Minutes Format.
Please share as per SS-1 & SS-2 Applicability
Company will be considered as Public company since where a company being a private company alters its articles in such a manner that they no longer include the restrictions and limitations which are required to be included in the articles of a private company under this Act, the company shall, as from the date of such alteration, cease to be a private company.
Name Change will be effective from the date of COI or EGM ?
Company incorporated in 2019, company does not file INC-20A within 6 months of incorporation and failed to commence its business. MCA Strike Off the company , but my question is directors will be considered as disqualified ?
Presently directors DIN is active and they want to incorporate a new Company , so is it possible ? Please give light on my query
Which sections of the Companies Act applicable or having exemption for NBFC Companies in regard to loan, investment and borrowings ?
share procedure for Conversion of Nidhi company to Private Limited
Compliance Calendar LLP is Recognised as Startup by DIPP Under Ministry of Commerce & Industry, Government of India
No DIN KYC can be done through professionals user login as well.
Every Director/Person who has been allotted DIN on or before 31st March 2022 and Valid would be mandatorily required to file DIR-3 KYC on or before 30th September 2022. In case of non-filing of the said e-form by the director, then the status of DIN will be shown as “De-Activated”.
Due Date of DIN KYC:
Due date of filing e-form DIR-3 KYC or web form DIR-3 KYC through the web service, as the case may be, for any financial year is 30th September of that year.
Penalty for Non-Filing:
There is no penalty for non-compliance with DIN KYC. There is a fee of Rs. 5000/- for delayed filing of e-form DIR-3 KYC / web form DIR-3 KYC.