Monthly Archives: March 2019

MCA UPDATE: FILLING OF “MSME FORM I” BY SPECIFIED COMPANIES

Reference to the above, Every Company, who get supplies of goods or services from Micro and Small Enterprises and whose payments to Micro and Small Enterprises Suppliers exceeds 45 days from the Date of Acceptance or the Date of Deemed Acceptance of the goods or services. (Hereafter referred to as “Specified Company”).

Specified Companies as referred above, shall have to File a “MSME Form I” which includes Details of all outstanding dues to such Enterprises Suppliers (hereafter referred to as “Specified Dues”) existing on the Date of Notification of this Order within 30 days from the Date of Publication of this Notification as below;

In addition to the above, Every Specified Company is required to file a return as per MSME Form I, on half yearly basis as below;

Further, if the Company fails to comply with the above, provisions of Sub Section (4) of Section 405 (Power of Central Government to direct companies to furnish information or statistics) shall apply.

DEFINITIONS:

The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is as under: Enterprises engaged in the manufacture or production, processing, services or preservation of goods as specified below:

THE DAY OF ACCEPTANCE” MEANS:

1. The day of the actual delivery of goods or the rendering of services; or
2. where any objection is made in writing by the buyer regarding acceptance of goods or services within fifteen days from the day of the delivery of goods or the rendering of services, the day on which· such objection is removed by the supplier;

THE DAY OF DEEMED ACCEPTANCE” MEANS:

where no objection is made in writing by the buyer regarding acceptance of goods or services within fifteen days from the day of the delivery of goods or the rendering of services, the day of the actual delivery of goods or the rendering of services;

Sources for your ready reference:

www.mca.gov.in

https://msme.gov.in/

www.msmeregistration.org

MCA Notification dated January 22, 2019

MSMED Notification dated November 2, 2018.

Dear Sir/Madam

As per the amendment to the COmpanies (Incorporation) Rules, 2014, Every company registered on or before 31/12/2017 has to file particulars of company and registered office on or before 25/04/2019 in the Form INC 22A.

Consequences of non -filing

1) The status of the company shall be deactivated and the company cannot do any further filings

2) Penalty of RS.10,000/-

Those companies Whose annual filings are pending (E-form AOC 4, E-form Mgt 7 and e-Form ADT 1) are pending cannot file this form unless the annual filing is completed.

Requirements:
1) 2 Photo of registered office building
2) 2 Photo of cabin where any Director sit with any Director in working position with Laptop
3) Registered office address board out side the offiice in English and MArathi. GST to be mentioned on it

PROFESSIONAL CHARGES FOR PREPARING, CERTIFYING, AND FILING E-FORM 22A WILL BE RS.1000/-

FOLLOWING ARE THE STEPS THAT HAVE TO FOLLOW WHILE TAKING PHOTO OF
THE EXTERNAL BUILDING OF THE REGISTERED OFFICE AND PHOTO OF THE CABIN
OF THE DIRECTOR ALONG WITH THE DIRECTOR.

LINK : Steps For Taking Video