Unacceptable move by MCA
I think ICAI is a toothless and useless body. They could not even go to MCA and make them aware of all problems faced in video verification and OTP in friday and Saturday. Govt must really think how this will impact doing business and SME. Extending date to Sep 30th should have been considered.
The government has now started the process of de-activating the identification numbers of nearly 21 lakh directors of companies as they failed to comply with KYC norms, according to a senior official. The Director Identification Numbers (DINs) -- a unique number allotted to individuals who are eligible to have directorship on the boards of registered companies -- are being de-activated. They will be re-activated after a fee payment of Rs 5,000 along with the requisite form and the individuals concerned might also face action. more
The government has now started the process of de-activating the identification numbers of nearly 21 lakh directors of companies as they failed to comply with KYC norms, according to a senior official. The Director Identification Numbers (DINs) -- a unique number allotted to individuals who are eligible to have directorship on the boards of registered companies -- are being de-activated. They will be re-activated after a fee payment of Rs 5,000 along with the requisite form and the individuals concerned might also face action. more
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When the company is active for several years and their returns were submitted, where arise the KYC NORMS? Government wants to reduced the companies and directors in India. This will force people to go for LLP or mere local partnership companies and the corporatisation process will be stalled. more
Sep 19
Mr. Sridhar Mohan, you are correct. Firstly there was no intimation by MCA, I was really surprised, not even single communication to us, I came to know by mistake while talking to my friend and by that time deadline was almost over. So, they need to communicate properly and give sufficient time and then go for deactivate. more
Sep 18
why should those directors who defrauded & disappeared surface back. Such fake directors should be sent to jail to deter others more
Sep 17
THIS SHOULD HAVE BEEN DONE YEARS AGO. On âMondayâ, â17â âSeptemberâ â2018â â08â:â21â:â04â âIST, Sridhar Mohan wrote: more
Sep 17
