Corporate Updates 21.04.2017

MCA

MCA has issued Clarification regarding online generation of Challans for Offline payment to Investor Education and Protection Fund (IEPF). In terms of Investors Education and Protection Fund (Accounting, Audit, Transfer and Refund) Rules, 2016 as notified on 05.09.2016, amount to IEPF can only transfer through Challans generated on MCA 21 portal. However it has been noticed that there are companies, which have transferred the amount to IEPF prior to 15.12.2016, through Challans not generated on MCA­21 portal and these companies were/are unable to file IEPF­1. To facilitate filing of e­form IEPF­1 by such companies can submit details of the challans in prescribed format duly certified by the professional to IEPF Authority on email id challan.iepfa@mca.gov.in up to 20th May, 2017 only and no further relaxation shall be granted. Further, the submitted data shall be processed by the IEPF Authority and a Front Office service will be made available on IEPF website­ from 5th June, 2017 for a period of 30 days i.e. up to 5th July, 2017 to enable the companies to submit the required data online. An automated generated number will be provided by the MCA21 system on validation of entries and using this automated generated number as SRN, companies may file e-form IEPF-1 online & upload investor details without requirement of filing additional fees.

MCA

MCA has revised the versions of eForm – Forms CHG-1 (Application for registration of creation, modification of charge (other than those related to debentures), Form CHG-9 (Application for registration of creation or modification of charge for debentures or rectification of particulars filed in respect of creation or modification of charge for debentures), Form CHG - 4 (Registration of Satisfaction of Charge), and Form STK – 2 (Application by company to ROC for removing its name from register of Companies) are being revised w.e.f. 22nd April 2017(Saturday). Further, in Charge related Forms, if the ‘Type of Charge’ is ‘immovable property or any interest therein’, the location parameters (Latitude and Longitude) shall now also be required to be filed mandatory. All the stakeholders are advised to check the latest version of the form before filing.