Fourth MSOP Batch, Bangalore March 2011

Wednesday, March 30, 2011

Strict Filing of Annual Returns - Otherwise status change to dormant from active - no more filings up to filing of those forms

MCA Press Release

Implementation of enhanced Regulatory framework on Annual statutory filings

All Companies which have not filed their statutory annual filings for
both form 20B and 23AC/23ACA since 2006 i.e. 2006-2007, 2007-2008 and
2008 -2009 (i.e. has not done any of the six required filings) will
not be allowed to file any other e-form with Ministry unless and until
all such pending documents are filed. The status of such companies
would be changed to “Dormant “. Each such company having the status
as Dormant will have to file an application for normalising in
eform-61 and once e-form 61 is approved by respective Registrar of
Company, the company will be given a stipulated period of 21 days for
filing all the due balance sheets and annual returns from the date of
approval of form61.If all the due document s are not filed within
this period, the company’s status will again be reverted to “Dormant”
and will have to follow the process of filing form 61 once again.

Tuesday, March 29, 2011

Compulsory Attendance of Professional Development Programmes by the Members

ATTENTION MEMBERS !

Compulsory Attendance of Professional Development Programmes by the Members

The Council of the Institute at its 200^th Meeting held on March 18, 2011 at New Delhi amended the Guidelines for Compulsory Attendance of Professional Development Programmes by the Members to provide as under:

	Next block of three years	April 01, 2011 to March 31, 2014
	Min. number of Programme Credit Hours (PCH) to be acquired by Members in Practice	15 PCH in each year or 50 PCH in a block of three years w.e.f April 01, 2011
	Min. number of PCH to be acquired by Members in Employment (i.e. members in whose name Form 32 has been filed to work as Company Secretary under the provisions of Sec. 383A of the Companies Act, 1956)	10 PCH in each year or 35 PCH in a block of three years w.e.f April 01, 2011
	Min. number of PCH to be acquired by Members above the age of 60 years	Presently the members of the age of 65 years are not required to obtain PCH. This age limit stands reduced to 60 years and the members above the age of 60 years shall be required to obtain 50% of the PCH required to be obtained by the members below 60 years w.e.f April 01, 2011.
	Members failing to obtain the mandatory PCH upto March 31, 2011	Provided with a shortfall upto 10 PCH and required to compensate by obtaining atleast 5 additional PCH on pro rata basis in the first year of the next block of three years commencing from April 01, 2011.
	Members who have not obtained any PCH during the block ending on March 31, 2011	Members seeking renewal of CoP to provide an explanation for non compliance with the Guidelines – to be decided on case to case basis.
	Carry forward of the excess PCH if the member has already completed the mandatory PCH upto December 31, 2010 and continued to attend Professional Development Programmes during January – March, 2011	The Guidelines for Compulsory Attendance of Professional Development Programmes by the Members do not provide for carry forward of PCH from one block of three years to the other. If any member had obtained the mandatory PCH upto December 31, 2010 and continued to attend Professional Development Programmes during January – March, 2011, then in such case the PCH obtained by such member during January – March, 2011 would be treated as having been obtained in the first year of the next block commencing from April 01, 2011.