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Showing posts from January, 2018

Reservation Unique Name “RUN”:

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Reservation Unique Name “RUN”: MCA issued Companies (Incorporation) Amendment, Rules, 2018 vide notification dated 20.01.2018 these rules are effective from 26 th January, 2018. By these amendment Rules MCA has substituted Rule 9 of Companies (Incorporation) Rules, 2014. From 26 th January, 2018 MCA started new services named Reserve Unique Name (RUN) for reserve name of New or Existing Company. (LINK: http://www.mca.gov.in/Ministry/pdf/CompaniesIncorporationAmendmentRules2018_25012018.pdf ) STEP – I: Login on MCA Website Users have to login into their account on MCA Website. Pro-existing users can use earlier account or new users have to create a new account. After Login use have to click on the icon “ RUN” in MCA Service. “Reservation of Name: An application for reservation of name shall be made through the web service available at ww.mca.gov.in STEP – II:   Details required to be mentioned: I.                         Entity type (i.e. Part I, OPC, S

FAQ’s CONDONATION OF DELAY SCHEME

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FAQ’s CONDONATION OF DELAY SCHEME Short Summary: In this Flash editorial, the author begins by referring the “Quick Questions” on Condonation of Delay Scheme 2018 in relation to Active Companies or Struck off Companies Both. This scheme is an Opportunity Scheme for the Disqualified Director to remove their disqualification, which occur due to non filing of Financial Statements & Annual Returns. This is article no. 309 of the series of editorials written by the author on corporate laws {Including Companies Act, 2013, SEBI, RBI Regulations, IBC , LLP Act, 2008 etc.}. Quick Questions: A.      What is Applicability of the CODS, 2018? This CODS is applicable on all the Defaulting Companies (Other than the Companies which have been struck off). B.      Meaning of Defaulting Company:- Means a Company which has not filed its Financial Statement or Annual Return for continue period of Three years . C.      Type of Defaulting Companies Default