Be Compliance Ready At All Times!

Modernization and change are part and parcel of growth and moving forward. Ministry of Corporate Affairs (MCA) in recent times has been introducing steps so as to bring transparency and accountability in corporate governance.

In its continued endeavor to tighten its grip on companies and their working, MCA has introduced new e-Forms which have to be filed within the stipulated time.

1. e-Form DPT-3 (Return of Deposits)

  • Applicable on: All Companies except government companies
  • Purpose: To file the return of outstanding receipt of the loan not considered as deposits as on January 22, 2019, by a company.
  • Date of Notification: January 22, 2019
  • Due Date of Filing: By April 22, 2019 (within 90 days of its publication)
  • E-Form Status: Not yet deployed on the MCA21 portal
  • Penalty for non-filing: As per The Companies (Registration offices & fees) Rules,2014

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2. e-Form MSME-1(Report delays of payment to MSMEs)

  • Applicable on: Every specified company if they buy goods or avail services of MSMEs and their payment has exceeded 45 days
  • Purpose: Furnishing of information about delayed payment to micro and small enterprise suppliers
  • Date of Notification: January 22, 2019
  • Due Date of Filing: Within 30 days of Deployment of E-form by MCA
  • Current Status: Not yet deployed on the MCA21 portal
  • Penalty for non-filing: A fine up to Rs 25,000

3. e-Form NFRA-1 (Filing of Annual Return)

  • Applicable on: All listed companies, listed body corporate, unlisted public companies (paid-up capital Rs 500 Crore/turnover of Rs 1000 Crore or more), all banks, insurance companies, and electricity companies
  • Purpose: To file one-time return and Annual Return on or before April 30
  • Date of Notification: November 13, 2018
  • Due Date of Filing: Within 30 days of deployment of the e-Form.
  • Current Status: Not yet deployed on the MCA21 portal
  • Penalty for non-filing: As per the rules of the National Financial Reporting Authority (NFRA)

Muds

Avail Muds Advantage

MUDS, with its exemplary services, offers consultation, guidance and effective execution of all related services that ensures the smooth running of a company; guaranteeing a progressive environment!

“Staying updated and informed is the foremost prerequisite for the wellbeing and robust growth of a company. With the Notifications already in the public domain, the affected companies should be ready with all documentations needed for the various compliances.”
-Shweta Gupta, Founder and CEO, MUDS

By | 2019-04-02T16:27:54+00:00 March 25th, 2019|Corporate Laws|0 Comments

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