MINISTRY CRACKS THE WHIP ON COS NOT FILING REPORTS

The Government asked Registrar of Companies (ROC) to make sure that firms which do not file their balance sheets and annual returns regularly, are barred from filing any other event-based reports. The Ministry of Corporate Affairs (MCA) also said that from July 3, no e-filing shall be accepted by the RoC from Directors of these defaulting companies for any other company also.