While filing DIR-3 KYC form, all stakeholders are requested to use PAN based DSC in case of Indian Nationals i.e., DSC should contain PAN as specified in the form. In respect of foreign nationals, applicant’s… DIR-3 KYC notified vide Companies(Appointment and Qualification of Directors) Fourth Amendment Rules, 2018 dated 5th July 2018 would be made available shortly for filing purposes.

Documents Required 1. DSC of Director duly Registered; 2. Self attested PAN card; 3. Self attested Aadhar card with updated Mobile number with UIDAI; 4. Self attested Electricity Bill, Mobile Bill, Bank statement of Director… MCA UPDATE DIR 3KYC_ LATE FEES PENALTY 5000 FROM 1 SEPTEMBER 2018 AND DIN WILL BE DEACTIVATED*

Delhi High Court issued notices to State/ Centre/ GST Council in petition challenging the constitutional validity of the provisions of CGST Act 2017 and corresponding DGST provisions relating to the constitution of GST Tribunal and… CA’s & Advocate’s are not eligible to become GST Tribunal Members- Provisions Challenged in writ petition

Stakeholders are requested to plan accordingly.

As required U/s 149 of Companies Act, 2013.

SEBI has accepted the report of Kotak committee for mandatory Secretarial Audit of Listed Companies and their material Subsidiaries. Congratulations to the whole fraternity on this extended opportunity and resposibility.. #brandICSI#proudCS#opportunities

For the first time such a large loan resolution has been achieved through upfront payment received by Banks through sale of a company. This is a record step towards resolving the legacy of unprecedented amount… Congrats to PM Narendra Modi ji & Arun Jaitley ji for a historic breakthrough in resolving legacy issues of Banks. Lenders recovered almost entire principal loan of Bhushan Steel through Rs 36,400 cr transparent bid by Tata Steel and also got 12% stake in the company.‬ Liquidation value of Bhushan Steel was Rs 14,541 cr but creditors received almost 4 times the amount. This was possible due to the robust and transparent Insolvency & Bankruptcy Code brought by this Government.

Seeking to *crack down on shell companies and create transparency* in the corporate structure, the government has come out with *stringent rules on beneficial ownership to help it track down the true owner* of a… Shell co crackdown – _Centre tightens rules on ownership disclosure of companies_

As part of updating its registry, MCA would be conducting KYC of all Directors of all companies annually through a new eform viz. DIR-3 KYC to be notified and deployed shortly. Accordingly, every Director who… MCA Updates