E-form ACTIVE | 07 Jun 2019

• The Corporate Affairs Ministry (MCA) has ruled out any extension of the last date for filing the e- form ACTIVE, which was primarily introduced to weed out shell companies.
• E-form ACTIVE stands for Active Company Tagging Identities and Verification.
• In case the ACTIVE is not filed before the deadline, the compliance status for such companies would be marked as ‘ACTIVE Non-Compliant’ and directors of such ACTIVE non-compliant companies would be marked as ‘Director of ACTIVE non-compliant company.
  • It will be the responsibility of directors of non-compliant companies to set the compliance record straight, failing which they run the risk of not being eligible to be associated with compliant companies.
  • The defaulting company may be liable for action for removal of the name by the registrar of companies.
  • The company concerned will also be barred from filing several forms. Separately, a late filing fee of Rs 10,000 will also be imposed on the defaulting company.