LIST OF PAN – BANKS

To claim tax exemption on home loan tax payers now need to quote PAN number of the bank or institution from where they have taken loan. The loan providers have now modified their home loan payment certificate which quotes their PAN Number. But in case you are not able to find it, here is a list of banks / NBFCs with their PAN Numbers.

Bank/Home Loan Providers PAN Number
Allahabad Bank AACCA8464F
Andhra Bank AABCA7375C
Axis Bank Limited AAACU2414K
Bank of Baroda (BoB) AAACB1534F
Bank of India (BoI) AAACB0472C
Bank of Maharashtra (BoM) AACCB0774B
BMW India Financial Services AADCB8986G
Canara Bank AAACC6106G
Canfin Homes Limited AAACC7241A
Central Bank of India AAACC2498P
CITI Bank AAACC0462F
City Union Bank Limited AAACC1287E
Corporation Bank AAACC7245E
Dahod Urban Co.op. Bank Ltd. AAAAT2915L
DCB Bank Limited AAACD1461F
Deutsche Bank AAACD1390F
DHFL AAACD1977A
FEDERAL BANK AABCT0020H
GIC Housing Finance Limited AAACG2755R
GRUH FINANCE LTD. AAACG7010K
HDFC AAACH0997E
HDFC Bank Limited AAACH2702H
Housing & Urban Development Corporation Ltd. AAACH0632A
HSBC AAACT2786P
ICICI Bank Limited AAACI1195H
ICICI Home Finance Company Ltd AAACI6285N
IDBI Bank Limited AABCI8842G
India bulls AABCI3612A
Indian Bank AAACI1607G
Indian Overseas Bank (IOB) AAACI1223J
Indusind Bank Limited AAACI1314G
ING Vysya AABCT0529M
Kotak Mahindra Bank Limited AAACK4409J
L&T FinCorp Limited AAACI4598Q
L&T Infrastructure Finance Company AABCL2283L
LIC Housing Finance Limited AAACL1799C
Oriental Bank of Commerce AAACO0191M
PNB Housing Finance Limited AAACP3682N
Power Finance Corporation Limited AAACP1570H
Punjab & Sind Bank AAACP1206G
Punjab National Bank (PNB) AAACP0165G
Ratnakar / RBL Bank Ltd AABCT3335M
Reliance Home Loan Finance Limited AAECR0305E
Saraswat Co-Op. Bank Ltd AABAT4497Q
sardar bhiladwala pardi peoples co.op.bank ltd AABAS4480Q
Standard Chartered Bank AABCS4681D
State Bank of Bikaner and Jaipur (SBJJ) AADCS4750R
State Bank of Hyderabad (SBH) AADCS4009H
State Bank of India (SBI) AAACS8577K
State Bank of Mysore (SBM) AACCS0155P
State Bank of Patiala AACCS0143D
State Bank of Travancore AAGCS9120G
Syndicate Bank AACCS4699E
TATA Capital Housing Finance Ltd AADCT0491L
TATA Capital Ltd AADCP9147P
TATA Motors Finance Limited AACCT4644A
The Karnatka Bank Limited AABCT5589K
The South Indian Bank Limited AABCT0022F
UCO Bank AAACU3561B
Union Bank of India AAACU0564G
United Bank of India AAACU5624P
Vijaya Bank AAACV4791J
YES Bank Limited AAACY2068D

You can cross check posted PAN with following link.

List of 53312 Companies Not Been Carrying Business From Last 2 Years – DELHI ROC

1Hello everyone,

Hope all of you enjoy our updates. As per recent public notice of Delhi – ROC under section 248 of companies act, 2013. Delhi ROC issued list of 53312 Companies Not Been Carrying Business From Last 2 Years. Kindly take this matter on serious note to save your clients from legal liabilities.

Public Notice

In the matter of striking off of companies under section 248 (1) of the Companies Act, 2013, of following Companies in table A’,

1. Notice is hereby given that the Registrar of Companies has a reasonable cause to believe that —

(i) The following companies have not commenced business within one year of their incorporation. NIL

(ii) The following companies mentioned in Table “A” (List of 53312 Nos. Companies enclosed) have not been carrying on any business or operation for a period of two immediately preceding financial years and have not made any application within such period for obtaining the status of dormant company under section 455.

And, therefore, proposes to remove/strike off the names of the above mentioned companies from the register of companies and dissolve them unless a cause is shown to the contrary, within thirty days from the date of this notice.

2. Any person objecting to the proposed removal/striking off of name of the companies from the register of companies may send his/her objection to the office address mentioned here-above within thirty days from the date of publication of this notice.

Click here to view List.

Regards | CS Sukhwinder Singh | 9999939069

STK-2 (Closer of Company)

Form STK-2, application by company for removing its name from register of companies is likely to be made available w.e.f 5th April 2017.

About STK-2

MCA has informed that e-Form STK-2 related to Application for Removal of Company Name is under development and the same shall be deployed soon. It may be noted that MCA has commenced provisions of Sec. 248 to 252 of the Companies Act, 2013 reg. removal of names of companies w.e.f. 26 Dec. 2016.

Following are the few important rules of such Notified Rules.

Removal of name of company from Register by ROC on sue-moto basis.

ROC may remove Company’s name from Register on sue-moto pursuant to Section 248(1) of Companies Act, 2013.

Application for removal of name of company

  1. An application can be made by Company for removing its name from Register under Section 248(2) of the Act by submitting Form STK-2 along with Fees of Rs 5,000/-.
  2. Such application shall be accompanied by following documents:-
  • Indemnity Bond duly notarised by every Director of the company in Form STK-3
  • Statement of Accounts certified by Chartered Accountant
  • An Affidavit from every Director of the company in Form STK-4
  • Special Resolution duly signed by all the Directors of the company or consent of 75% of shareholder as on date of application
  • Statement regarding pending litigations, if any, involving Company
  1. Form STK-2 shall be signed by Director duly authorised by the board of Directors.
  2. Form STK-2 shall be certified by CA/CS/CWA in practice
  3. The notice under sub-section (1) or sub-section (2) of section 248 to be published by MCA shall be in Form STK 5 or STK 6 respectively. Company shall also be required to place the application on its website till its disposal.
  4. Rules has specifically mentioned that in case of Foreign National / NRI, Indemnity Bond and declaration shall be notarised or apostilled or consularised.
  5. Notice of striking-off shall be given by ROC in Form STK-7.
  6. Any application or pending for striking off or Form-FTE filed with the Registrar of Companies prior to the commencement of these rules but not disposed of by such authority for want of any information or document shall, on its submission, to the satisfaction of the authority, be disposed of in accordance with the rules made under the Companies Act, 1956.

New Address of Insolvency and Bankruptcy Board of India

UntitledShri Arjun Ram Meghwal, MOS (Finance &Corporate Affairs): Insolvency and Bankruptcy Code, 2016 is a key economic reform that will facilitate ease of doing business and promote economic growth;. Inaugurates the new Premises of Insolvency and Bankruptcy Board of India in national capital    The Minister of State for Finance and Corporate Affairs, Shri Arjun Ram Meghwal that the Insolvency and Bankruptcy Code, 2016 is a key economic reform that will facilitate ease of doing business and promote economic growth.

He appreciated the progress so far made by the Ministry of Corporate Affairs and the IBBI to implement this reform. He advised that this reform should be suitably disseminated at international fora. He emphasized that a regulator is duty bound to guide and steer the market forces in the right direction, and not be intrusive. Shri Meghwal was speaking after inaugurating the new premises of the Insolvency and Bankruptcy Board of India (IBBI) in Delhi today.

The IBBI is now located at 7th Floor, Mayur Bhawan, Shankar Market, Connaught Place, New Delhi 110 001. It was earlier functioning-out of the CMA Bhawan, Lodhi Road, New Delhi.

NCLT impose penalty on company for non appointment of CS

M/s CARMEL ASIA HOLDINGS PRIVATE LIMITED WAS ASKED TO PAY A COMPOUNDING FINE OF Rs 4,72,675 for Not Appointing Company Secretary

Bangalore NCLT has made remarkable verdict where it ordered to pay a compounding fee of Rs 4,72,875 for Not Appointing Company Secretary .

Image result for ncltThe Company approached the erstwhile CLB and the present NCLT , Bangalore to compound the offence committed by it under section 383A for not appointing company secretary under section 383 A of the Companies Act ,1956. (Section 203 of Companies Act 2013)

It was argued by the petitioner company that even though it had appointed many company secretaries , they left the company in search of green pastures.

The Practicing Company secretary of the Company has informed the NCLT that the petitioner company is a subsidiary of M/s Sandur Power Company Limited and did not have adequate business activities and due to limited exposures , the appointed company secretaries are leaving the company in a short period. As such , the company is not able to get full time secretary during the intervening period.

It reflects that Petitioner Company has taken reasonable efforts to comply with the provision of the section 383 A of the CA 1956 but could not get a Company Secretary for the continuous period.

383A. Certain companies to have secretaries (1) Every company having such paid-up share capital as may be prescribed (Rs. 5 crores) shall have a whole-time secretary and where the Board of directors of any such company comprises only two directors, neither of them shall be the secretary of the company: Provided that every company not required to employ a whole-time secretary under sub-section (1) and having a paid-up share capital of 10 lakh rupees or more shall file with the Registrar a certificate from a secretary in whole-time practice in such form and within such time and subject to such conditions as may be prescribed, as to whether the company has complied with all provisions of this Act and a copy of such certificate shall be attached with Board’s Report referred to in Section 217.

It is to be noted that argument by the company that it took earnest efforts to appoint a company secretary and is using the services of a practicing company secretary was not accepted by the NCLT , Bangalore.

Image result for Tribunal orderNow , the available company secretaries has touched the land mark trend of 50000 numbers , companies in India cannot argue that adequate company secretaries are not available for employment and they are taking earnest efforts to find a company secretary or using the services of a practicing company secretary.

There are lot of company secretaries who have qualified recently are find it difficult to sit in a job and they are jobless. They are vexed to blame themselves for successfully completing the company Secretaries course.

If any member finds that a company avoids to fill in a company secretary position , they can bring it to the notice of concerned Registrar of Companies.

NCLT , Bangalore decision is a land mark decision and it is an eye opener for those erring companies which has not appointed a company secretary.

Click here to read final order

Company Closer Through Fast Track Exit Process

What is Fast Track Exit (FTE)?

fast-track-signFast Track Exit (FTE) is one of the quick ways to shut down a company, when it is non-operational over a period of time. In its place, under the Companies Act, 2013 has brought in a process called Removal of Names of Companies from Register (Section 248 of Companies Act, 2013), with effect from 26 December 2016.

On 26 December 2016, Ministry of Corporate Affairs (MCA) issued a Notification notifying Section 248, 249, 250, 251 and 252 of Companies Act, 2013 (Chapter XVIII). This chapter deals with Removal of Names of Companies from Register of Companies.

A company can apply for a shut down under the new process when:

  1. A company has failed commence business within one year of incorporation,
  2. The subscribers to MOA have not paid the subscription amount within 180 days and no declaration filed to this effect,
  3. Not carrying any business or operation for a period of two years (earlier it was one year) and has not sought to call itself a dormant company,
  4. When a company voluntarily wants to shutdown, it can, after clearing all its liabilities, by obtaining consent of at-least 75% of shareholders in terms of paid-up capital.

shutterstock_296968973Which type of Companies are not covered under FTE mode-

  1. listed companies,
  2. companies that have been delisted due to non-compliance of listing regulations or listing agreement or any other statutory laws;
  3. vanishing companies;
  4. companies where inspection or investigation is ordered and being carried out or actions on such order are yet to be taken up or were completed but prosecutions arising out of such inspection or investigation  are pending in the Court;
  5. companies where notices under section 234 of the Companies Act, 1956 (1 of 1956) or section 206 or section 207 of the Act have been issued by the Registrar or Inspector and reply thereto is pending or report under section 208 has not yet been submitted or follow up of instructions on report under section 208 is pending or where any prosecution arising out of such inquiry or scrutiny, if any, is pending with the Court;
  6. companies against which any prosecution for an offence is pending in any court;
  7. companies whose application for compounding is pending before the competent authority for compounding the offences committed by the  company or any of its officers in default;
  8. companies, which have accepted public deposits which are either outstanding or the company is in default in repayment of the same.
  9. companies having charges which are pending for satisfaction; and
  10. companies registered under section 25 of the Companies Act, 1956 or section 8 of CA, 2013.

company-shut-downApplication for removal of name of Company

  1. An application for removal of name of the company under sub-section (2) of section 248 shall be made in Form STK-2 along with the fee of INR 5000. along with an Indemnity Bond from directors, Statement of Accounts certified by a chartered accountant, Affidavit from directors, Shareholders special resolution signed by every director, a statement that there are no pending litigations involving the company.
  2. The registrar on receipt of application shall examine the same and if application found in order, it shall intimate to all the directors at the address on record.
  3. ROC will further intimate and seek objections if any, from income tax, central excise, service tax authorities. There is a time line of 30 days within which such authorities has to respond and if no response is received, then it is presumed that such authorities do not have any objection.
  4. Based on the company’s business, such as NBFC, insurance, housing finance, collective investment schemes, asset management companies, then ROC requires a no-objection certificate from the applicable regulatory bodies.

The attachments to Form STK-2 are as follows:-

The application in Form STK 2 shall be accompanied by –

  1. Indemnity bond duly notarised by every director in Form STK 3;
  2. a statement of accounts containing assets and liabilities of the company made up to a day, not more than  thirty days before the date of application and certified by a Chartered Accountant;
  3. An affidavit in Form STK 4 by every director of the company;
  4. a copy of the special resolution duly certified by each of the directors of the company or consent of seventy five per cent  of the members of the company in terms of paid up share capital as on the date of application;
  5. a statement regarding pending litigations, if any, involving the company.

Dissolution of the Company:

The notice of striking off the name of the company from the register of companies and its dissolution to be published in the Official Gazette in Form STK 7 and the same shall also be placed on the official website of the Ministry of Corporate Affairs by the ROC

Note. Sample of Form STK-2 and STK-3 are also attached to this articles, blogger can also get help of that.

 Click here to download STK – 3 | Click here to download form STK -2