JMJA and Associates LLP

After announcing it yesterday, finally MCA made form CODS available on its website for download. Purpose of the eForm: (As stated in Help-kit) With a view to allow an opportunity for the defaulting companies to rectify the default, in exercise of its powers conferred under sections 403, 459 and 460 of the Companies Act, 2013, the Central Government has decided to introduce a Scheme namely “Condonation of Delay Scheme, 2018. The defaulting companies after filing the overdue documents in the respective prescribed e-Forms, paying the statutory filing fee and additional fee payable as per section 403 of the Act read with Companies (Registration Offices and fee) Rules, 2014, shall seek condonation of delay by filing form e-CODS 2018. Features of Form CODS: 1) Surprisingly its an Auto Approval (STP) form. So once form is filed and fees are paid, it will be approved automatically. 2) EMAIL Confirmation: When an eForm is approved/rejected by the authority concerned, an ackno

In exercise of the powers conferred by clause (b) of sub-section (1) of section 189 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Central Government hereby appoints Shri Gyaneshwar Kumar Singh, Joint Secretary, Ministry of Corporate Affairs as ex-officio member in the Insolvency and Bankruptcy Board of India