MCA:
MCA has come out with Amnesty Scheme (CLSS – 2014) and has provided one time opportunity to all the defaulting companies and its directors has been given under the said scheme. It covers all the companies who have failed to file their annual reports, financial statements and related documents (A/R, B/S & SCC) which are due for filing upto 30th June 2014. Now, these can be filed upto 15th Oct 2014 with only 25% of the additional fees. Further Immunity from prosecution will be provided to Company and its directors and Directors will not be disqualified u/s 164(2) of the Companies Act, 2013. Copy of the Announcement is attached for your kind perusal & record.
MCA:
MCA has started a joint initiative with the help of three professional statutory bodies namely "The Institute of Chartered Accountants of India, The Institute of Company Secretaries of India and The Institute of Cost Accountants of India" called as Independent Directors Repository. The repository is under the active encouragement of the Ministry of Corporate Affairs, Government of India. This repository has been developed to facilitate the individuals who are eligible and willing to act as Independent Directors and also to facilitate Companies to select the persons who are eligible and willing to act as Independent Directors under section 150 of the Companies Act, 2013 and Rules made there under.
Where can I see the details of the amnesty scheme.
I am share holder in a family private limited company.
I was a director and have been removed (illegally) by the 2 directors filing Form 32 that I have ceased to become director.
They have stopped filing returns, claiming there is no activity and the funds recovered ( God knows what has happened to these monies).
The last return filed 10 years back, is a bogus audit by collusion with auditors.
ROC has launched proceedings against the company and 2 directors.
In this amnesty, will they be able to close the company, escape prosecution and will this mean that I loose my money.
I have not resigned from directorship (but Form 32 is against me)
Obviously company affairs have been mismanaged.
What should I do? I have very limited means.
Thank you