How to check annual filing status of the Company or LLP at MCA Portal

Hello everyone,

Hope all of you enjoying our updates. Today I would like to guild you about “How to check annual filing status of the company at ministry of corporate affairs website.  The term annual filing means statutory filing of the company as per companies act 2013.

downloadAs a part of Annual Filing, Companies incorporated under the Companies Act 1956 or Companies Act 2013, are required to file the following E-Forms with the Registrar of Companies (ROC):-

Form 23AC : For filing Balance Sheet (applicable to all Companies other than select class of Companies)

Form 23ACA : For filing Profit & Loss Account (applicable to all Companies other than select class of Companies)

Form 23AC-XBRL : For filing Balance Sheet in XBRL format (applicable to select class of Companies)

Form 23ACA-XBRL : For filing Profit & Loss Account (applicable to select class of Companies)

Form 20B : For filing Annual Return by Companies having share capital

Form 66 : For filing Compliance Certificate by Companies having paid up capital of Rs. 10 lakh – Rs. 2 crore

Form 21 A : For filing Annual Return by Companies not having share capital

Form AOC-4 : For filing financial statement and other documents (For FY start on or after 01.04.2014)

Form AOC4-CFS : Form for filing statement containing salient features of consolidated financial statement of a group (For FY start on or after 01.04.2014)

Form AOC4-XBRL : For filing XBRL document in respect of financial statement and other documents (For FY start on or after 01.04.2014)

Form MGT-7 : Form for filing Annual Return by Companies having share capital (For FY ending on or after 01.04.2014)

Navigation – (WWW.MCA.GOV.IN) Home MCA Services > E-Filing > Check Annual E-Filing Status

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Download E-Admit Cards (June 2017 SESSION) – ICSI

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E-Admit Card Foundation Program (CBE) – June 2017 exam

E-Admit Card Executive and Professional Program – June 2017 exam

INSTRUCTIONS
  • Students: Please use your current 17 digit Registration Number
  • Examinations Timings Displayed on Hall Ticket are in 24 hours Format
  • Medium of Examination has no relevance. Question papers will be displayed both in English and Hindi language except for Business Management, Ethics and Communication paper for which questions will be displayed in English only.

 

Advertising by members in practice engaged in Coaching/Teaching activities – ICAI

Image result for icaiRegulation 190A of the Chartered Accountants Regulations, 1988 provides that a chartered accountant in practice shall not engage in any business or occupation other than the profession of accountancy, except with the permission granted in accordance with a resolution of the Council.

The Council has passed a Resolution under Regulation 190A granting general permission (for private tutorship, and part-time tutorship under Coaching organization of the Institute) and specific permission (for part-time or full time tutorship under any educational institution other than Coaching organization of the Institute). Such general and specific permission granted is subject to the condition that the direct teaching hours devoted to such activities taken together should not exceed 25 hours a week in order to be able to undertake attest functions .

Keeping in view the broad purview of Clause (6) of Part I of the First Schedule to the Chartered Accountants Act, 1949, an advertisement of Coaching /teaching activities by a member in practice may amount to indirect solicitation, as well as solicitation by any other means, and may therefore be violative of the provisions of Clause (6) of Part I of the First Schedule to the Chartered Accountants Act, 1949.

In view of the above, such members are advised to abstain from advertising their association with Coaching /teaching activities through hoardings, posters, banners and by any other means, failing which they may be liable for disciplinary action, as per the provisions of Chartered Accountants Act, 1949 and Rules /Regulations framed thereunder.

Subject to the above prohibition, such members may put, outside their Coaching /teaching premises, sign board mentioning the name of Coaching/teaching Institute, contact details and subjects taught therein only. As regards the size and type of sign board, the Council Guidelines as applicable to Firms of Chartered Accountants would apply.

Click here to view notification.

Reduced ICSI Membership Fees Structure

The Council of the ICSI in its 236th meeting held on 29-30th March, 2016 had revised various membership fee w.e.f. 1st April, 2017 as under-

Particulars

ACS

FCS

Fee (upto 31st March, 2017 Revised fee (w.e.f. 1st April, 2017) Fee (upto 31st March, 2017 Revised fee (w.e.f. 1st April, 2017)
Annual membership fee Rs. 1125 Rs. 2500 Rs. 1500 Rs. 3000
Entrance fee Rs. 1500 Rs. 2000 Rs. 1000 Rs. 2000
Restoration fee Rs.   250 Rs.   250

(No change)

Rs.   250 Rs.   250

(No change)

Certificate of Practice fee Rs. 1000 Rs. 2000 Rs. 1000 Rs. 2000

2. The announcement in this regard was notified in the Chartered Secretary Journal in July, 2016 and subsequent issues; and also hosted on the website of the Institute.

3. It is pertinent to mention that the revision in membership fee is done after a gap of 10 years i.e. after 1st April, 2007.

4. After the announcement, the same has been received well amongst the members. However, few representations have been received from members, particularly from the newly inducted young members, expressing their concerns on the amount of fee increased.

5. The Council has taken due note of the concerns and distress of the members, particularly the newly inducted ones, who may be at the threshold of their nascent career and many of whom may be trying very hard to get a foothold in a fiercely competitive environment to establish themselves either in employment or in practice. The Council while empathizing with the concerns of the newly inducted members and in order to lessen their hardship, has resolved, in partial modification of its earlier decision, to reduce the quantum of fee for the newly admitted Associate members having 0-2 years of membership (i.e. members admitted w.e.f. 1st April, 2015 and thereafter), w.e.f. 1st April, 2017 as under:

Head of fee

Associate Member

Fee

(upto 31st March, 2017

Revised fee

(w.e.f. 1st April, 2017)

Reduced fee

(w.e.f. 1st April, 2017)

(for members with 02 years of standing i.e. ACS admitted on or after 1st April, 2015)

Annual membership fee Rs. 1125 Rs. 2500 Rs. 1500
Entrance fee Rs. 1500 Rs. 2000 Rs. 2000
Restoration fee Rs.   250 Rs.   250

(No change)

Rs.   250

(No change)

Certificate of Practice fee Rs. 1000 Rs. 2000 Rs. 1500

6. The reduced fee structure will be applicable for the members having membership of 0-2 years (admitted on any date, on or after 1st April, 2015 to 31st March, 2017) for two financial years  only,  i.e. for FY 2017-18 and 2018-19.

7. Accordingly, the benefit will also be available to the members admitted on any date, on or after 1st April, 2017 for two financial years, (i.e. the year of admission and the following year) till further determination of fee, if any, by the Council.

8. In nutshell, this benefit will be available to the newly admitted members for a maximum of ‘two’ initial annual membership fee for the period falling on or after 1st April, 2017.

9. A detailed FAQ in this regard is given in Annexure – I.

Annexure – I

FAQs on reduced fee structure w.e.f. 1st April, 2017, for the newly admitted ACS having 0-2 years of standing (admitted on any date, on or after 1st April, 2015)

Sl. No.

Question

Answer
1. Who are eligible for the reduced fee structure? ACS, having 0-2 years of membership, admitted on or after 1st April, 2015.
2. For how long ACS, admitted during the period from 01.04.2015 to 31.03.2017, can avail the benefit of the reduced fee structure? For two years i.e. FY 2017-18 and 2018-19 (irrespective of the date of admission as  ACS between 1st April to 31st March)
3. Whether the reduced fee structure is with retrospective effect? The reduced fee structure is applicable w.e.f. 01-04-2017 for the ACS admitted on or after 01-04-2015.
4. From which financial year ACS, admitted during the period from 01.04.2015 to 31.03.2017, are  required to pay the full annual membership and certificate of practice fee (as revised by the Council w.e.f. 1st April, 2017) From FY 2019-20 onwards.
5. What is the annual membership fee payable by ACS admitted till 31.03.2015? Rs. 2500.
6. What is the annual membership fee payable by ACS, admitted during the period from 01.04.2015 to 31.03.2017? Rs. 1500 in FY 2017-18 and FY 2018-19

Rs. 2500 from FY 2019-20 onwards.

7. What is the annual membership fee payable by ACS, admitted on or after 01.04.2017? Rs. 1500 in the financial year in which admitted as ACS (Rs. 750 in case admitted during the period from October to March)

Rs. 1500 in the year following the year of admission

Rs. 2500 from the second financial year following the year of admission.

8. What are the entrance fee and the restoration fee for ACS, admitted on or after 01.04.2015, if applicable? It is Rs. 2000 and Rs. 250 respectively (no reduction in these heads)
9. What is the certificate of practice fee payable by ACS admitted till 31.03.2015 (irrespective of the date of obtaining the certificate of practice)? Rs. 2000.
10. What is the certificate of practice fee payable by ACS, admitted during the period from 01.04.2015 to 31.03.2017 (irrespective of the date of obtaining the certificate of practice)? Rs. 1500 in FY 2017-18 and FY 2018-19

Rs. 2000 from FY 2019-20 onwards.

11. What is the certificate of practice fee payable by ACS, admitted on or after 01.04.2017 (irrespective of the date of obtaining the certificate of practice)? Rs. 1500 in the financial year in which admitted as ACS (Rs. 750 in case admitted during the period from October to March)

Rs. 1500 in the year following the year of admission

Rs. 2000 from the second financial year following the year of admission.

12. What is the fee payable for becoming ACS w.e.f. 1st April, 2017 (if admitted during the period from April to September)? The fee payable is Rs. 3500. The break-up is as under:

Entrance fee – Rs. 2000

Annual Membership fee (in the year of admission)– Rs. 1500

13.

What is the fee payable for becoming ACS w.e.f. 1st April, 2017 (if admitted during the period from October to March)?

The fee payable is Rs. 2750. The break-up is as under:

Entrance fee – Rs. 2000

Annual Membership fee  (in the year of admission)– Rs. 750

14.

What is the fee payable by ACS, above sixty / seventy years of age, admitted during the period from 01.04.2015 to 31.03.2017, during renewal of membership, in the financial years 2017-18 and 2018-19; 2019-20 onwards, having declared that they are not in gainful employment or practice?

Concessional fee as per the CS Regulations, 1982  as under:

 FY 2017-18 & FY 2018-19 -Rs. 750 for above sixty / Rs. 375 for above seventy).

FY 2019-20 onwards – Rs. 1250 for above sixty / Rs. 625 for above seventy

15.

What is the fee payable by ACS, above sixty / seventy years of age, admitted on or after 01.04.2017, during renewal of membership, in the year subsequent to the year of admission, having declared that they are not in gainful employment or practice?

Concessional fee as per the CS Regulations, 1982 as under-

Rs. 750 for above sixty / Rs. 375 for above seventy.

16. What is the fee payable by ACS, above sixty / seventy years of age, admitted on or after 01.04.2017, during renewal of membership, in the second year subsequent to the year of admission and thereafter, having declared that they are not in gainful employment or practice?

Concessional fee as per the CS Regulations, 1982 as under:

Rs. 1250 for above sixty / Rs. 625 for above seventy

17.

From which financial year ACS, admitted on or after 01.04.2017, are required to pay the full annual membership and certificate of practice fee (as revised by the Council w.e.f. 1st April, 2017)

From the second year subsequent to the year of admission and thereafter.

18.

What is the procedure for fee adjustment for those ACS who have already paid the increased full fee as revised by the Council w.e.f. 1st April, 2017; and who are eligible to pay the reduced membership fee?

The fee already paid in excess consequent to such reduction will be adjusted in the membership fee payable in the next financial year.

19. In case of any further query/clarification

Mr. Jitendra Kumar at email id jitendra.kumar@icsi.edu

Telephone:0120-4082134

ICSI Launches Academic Helpline for CS Students

Government makes geo-location of tangible assets mandatory for firms

Related imageCorporate India will have to furnish the geo-location data of tangible assets appearing on the balance-sheets, with the government seeking to establish stringent norms for verifying the details of properties recorded with the registrar as ‘charges’ for a company.

Simply put, a charge is the interest created on a company’s assets that have been put up as security or are mortgaged.

Revising disclosure standards, the Ministry of Corporate Affairs has told companies that supplying the latitude and longitude of their tangible assets is now mandatory. Company Secretaries and asset teams in the accounts divisions might now be engaged with Google Maps, with the ministry revising Forms CHG 1 and 9 to include a column on the latitude and longitude of the asset. Both forms pertain to applications for the creation and modification of charges on a company and were modified through a gazette notification this month.

Image result for ICSI“If the ‘Type of Charge’ is ‘immovable property or any interest therein’, the location parameters (Latitude and Longitude) shall be mandatory,” according to a notification on the ministry’s website.

“It is a unique move,” said Shyam Agrawal, president of the Institute of Company Secretaries of India (ICSI).

ED raids offices of 34 chartered accountants in New Delhi

Image result for CAThe Enforcement Directorate (ED) is carrying out a first-of-its-kind raids in New Delhi on the offices of professionals like chartered accountants and company secretaries for allegedly providing a legitimate cover to shell companies.

Image result for cs logoThe CAs and CSs are accused of helping shell companies convert black money in to white. They allegedly help shell companies by providing a legal framework for the paper companies. The raids follow notices that were earlier issued.

On Wedesnday, the ED was raiding the offices of 34 CAs in the Jain brothers case who were arrested last month in action against shell by the ED.

According to a report by PTI, the agency had arrested Surendra Kumar Jain and Virendra Jain and were later sent to 10 days custody after being produced in front of a court.

The ED, at the time said in a statement that “the modus operandi of Jain brothers was to launder the unaccounted money through the process of palcement of funds, layering of transactions and teh final integration of laundering money into the banking channel camouflaged as legitimate share premium transactions.

“Funds were brought in by the mediators on behalf of the beneficiaries through the mediators. Jain Brothers were providing accommodation entries by accepting funds from their beneficiaries through mediators and converting the same into share premium transactions in the beneficiary company. In this process Jain Brothers earned money as a certain percentage of the unaccounted money converted into share premium,” it added.

The ED also said, “during probe of some other firms ‘controlled’ by these brothers, it has emerged that during a “short period of three months between the opening and closing of the accounts of these companies, there was credit and debit summations to the tune of Rs 8,000 crore.”