New Rules on Filing of E-Form ACTIVE Effective

The Ministry of Corporate Affairs (‘MCA’) has, on May 16, 2019, introduced a new Rule 12B in the Companies (Appointment and Qualification of Directors) Rules, 2014, which provides that in case of failure by a company to file the e-Form ACTIVE in accordance with and within the time period stipulated in Rule 25A of the Companies (Incorporation) Rules, 2014, the director identification number (‘DIN’) allotted to its existing directors will be marked as ‘Director of ACTIVE non-compliant company’, which will be marked as ‘Director of ACTIVE compliant company’ only subsequent to the filing of e-form ACTIVE by such companies.

Published In:Inter Alia - Quarterly Edition - July 2019 [ English
Date: July 31, 2019