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Clarification on proper Corporate Governance and Compliance of provisions of Companies Act, 1956

July 2, 2011

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Ministry of Corporate Affairs vide General Circular  No. 38/2011  dated  20th June, 2011 has clarified about  Circular No. 33/2011 dated 1st June, 2011, wherein it was informed that no request, whether oral, or in writing or through e-forms, for recording any event based information/changes filed to the Registrar of Companies (ROC) will be accepted from defaulting companies, unless they file their updated Balance Sheet and Profit & Loss Accounts and Annual Return. MCA vide the present circular has clarified that the said circular shall be applicable to those defaulting companies  which have not filed their Annual Filings for the Financial Year 2006-07, 2007-08, 2008-09 and 2009-10 with the ROC.
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