New E-Form Active Notified to Curb Shell Companies

As part of its efforts to curb shell companies, the MCA has notified a new electronic form ACTIVE (Active Company Tagging Identities and Verification) (‘Form INC-22A’) through Rule 25A of the Incorporation Rules, with effect from February 25, 2019. Form INC-22A, inter alia, requires companies to furnish details of the registered office, including the photo of the registered office showing at least one director/ key managerial personnel who has affixed his Digital Signature to Form INC-22A and geographical coordinates of the registered office. Rule 25A requires every company incorporated on or before December 31, 2017 (subject to a few exceptions) to file the Form INC-22A on or before April 25, 2019. Please refer to our Client Alert dated March 7, 2019 available at https://www.azbpartners.com/bank/new-e-form-active-notified-to-curb-shell-companies, for more details.