List of regular compliance in india [2020] - Onfiling
Regular Compliance

List of Regular Compliance

Overview

KYC of company (INC-22A)

INC -22A is a KYC Form for companies. The purpose of the Ministry of Corporate affairs for this form is to detect Shell Companies and update the information of all the active companies. In efforts to reduce unauthorised activities, the Ministry of Corporate Affairs plans to gather the KYC details of companies, chartered accountants, cost accountants, and company secretaries.

KYC of Director (DIR-3)

According to MCA, any director who was allotted a DIN by or on 31 March 2018 and whose DIN is in approved status will need to submit his KYC details to the MCA. And this process is compulsory for the disqualified directors also.

Return of Beneficially Interest (BEN-2)

Form BEN-2 that spells out the format in which companies will have to disclose their ‘Significant Beneficial Owners’ (SBO) to the Registrar of Companies (RoCs). Through this Form, we are able to identify the real owner of the Company. Form BEN-2 needn’t be filed if there’s only direct holding of owners within the Company. Once we File Form BEN-2, SBO (Significant Beneficial Owner) ID is going to be generated by MCA System.

Return of deposits (DPT-3)

It is a form to fill the details of deposits, particulars of transactions not considered as deposit as per rule 2(1)(c) of the Companies (Acceptance of Deposit) Rules, 2014 or both. Every company except government companies, banking companies, and NBFC have to file form DPT-3. Accordingly, if you’re falling under any of the following categories then you’re required to file the Form DPT-3 :

  • Private Limited Company
  • Public Limited Company
  • One Person Company (OPC)
  • Section 8 Company
  • Small Company

MSME Return

MSME refers to Micro, Small and Medium Enterprises Development. Business with a turnover of over Rs 75 crore but up to Rs 250 crore would be deemed as a 'medium enterprise'.

FAQS

Section 90 of the Act requires every individual who, either by himself or with others (including a trust and persons resident outside India), qualifies as a significant beneficial owner (SBO) of a company to make a declaration to that company specifying the nature of his beneficial interest.
A beneficial interest is an interest in the economic benefit of property, which is also known as beneficial ownership.The beneficial owner will have the right to income and proceeds of sale of a property which will be held 'on trust' by the legal owner.
The Ministry implements the “Technology and Quality Upgradation Support to Micro, Small and Medium Enterprises (TEQUP)” which focuses on two important aspects, namely, enhancing competitiveness of MSME sector through Energy Efficiency and Product Quality Certification.
A beneficial interest means the right to receive benefits on shares held by another party. Beneficial interest is usually mentioned in matters concerning trusts, whereby one features a vested interest within the trust's assets. A beneficial interest is “that right which an individual has during a contract made with another (third party)”.
Tool Rooms are equipped with state-of-the-art machinery & equipment. They are engaged in designing and manufacturing of quality tools, which are necessary for producing quality products, and improve the competitiveness of MSMEs in national and international markets.

List of Documents

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