Relief for startups as ministry extends deadline for submitting active form registration
The deadline for submitting the INC 22 form has now been extended to June 15 after startups raised the issue of multiple tedious requirements in the registration process.
The Ministry of Corporate Affairs has extended the deadline for the filing INC 22, the e-form for registration of new companies, which should come as a relief for startup as there were tedious requirements in documents like photograph of the building where the office was located.
The earlier deadline for submitting the form was April 25 but now it has been extended to June 15. The biggest challenge for the various startups to file INC 22 was the form, which requires many details of startups including photo of the external building of the registered office showing nameplate, CIN, registered address, email and phone number of the company, photo of the internal premises of the registered office showing at least one director who will also sign the form and latitude and longitude of the registered office etc.
The notification from the government also said that the companies which fail to file the form within the given period will be marked as ‘Active, Non-compliant’ and will not be able to file changes like change in authorised capital, change in paid-up capital, change in registered office etc., and would also be charged a fine of Rs 10,000.
The MCA in its gazette notification issued on February 21 stated that a company incorporated on or before the 31st December, 2017 will need to file particulars of the company and its registered office via filling the e-form called ACTIVE (Active Company Tagging Identities and Verification).
LocalCircles, a community social media platform had raised this issue with the Ministry and sought an extension in the deadline as it brought out the fact for recognised startups, there exist several documents like tax returns, financial statements, ESI and other forms already filed with the RoC as well as their recognition by Department for Promotion of Industry and Internal Trade (DPIIT) which validate their authenticity.