24 February

Solace to Strike off Companies

Entrepreneurs, Founders or Directors often neglect Secretarial & Legal compliance of their own company in the race to expand their businesses.

In the present economic scenario, this can lead to complications with far reaching consequences!

The Companies Act, 2013 states that all companies registered with ROC / MCA are required to file their Annual Financial statements and Annual Returns with the Registrar of Companies.

Non-filing is an offence under Companies Act which can lead to prosecution and imprisonment of its directors.

Are you aware that over 3 lakh companies have been "struck" by the ROC and MCA because of Non Compliance and Non filing of annual returns?

And that the directors of the companies are also disqualified and they cannot be a director of any company during the period of disqualification!

The Solace

The GOOD NEWS is that the MCA has come up with a solution!

Introducing the “Condonation of Delay Scheme 2018” [CODS-2018] the Central Government is allowing defaulting companies to file their returns and take corrective actions.

Under the Condonation of Delay Scheme, from 1st of January, 2018 to 31st of March, 2018 all disqualified directors of "strike of companies" can do their annual filing and get their entities operational, besides saving themselves from being prosecuted.

Conscientia Support

If you are a disqualified director and your company is struck of be MCA, and looking for solutions to avail the scheme, we can assist you.

We could support and assist you filing and reviving your struck of companies and avoid prosecution by the MCA. We assist in your annual filing, secretarial compliance and NCLT procedures.