MCA HAS ISSUED GENERAL CIRCULAR- DIRECTOR BARRED

Hello readers, through this post you will aware about the recent Notification issued by Ministry of Corporate Affairs regarding Director disqualification and banned on further application ofr incorporation. The brief details regarding this circular are below:-

Directors disqualified under Section 164(2)(a) of the Companies Act, 2013 and who are associated with struck off companies (S.248) are advised not to make any application for Name Availability(INC-1), Incorporation of Companies (INC-7/SPICe-INC-32/URC-1/INC-12). Forms filed by such Directors shall be rejected summarily by the Central Registration Centre(CRC). Further, attention is drawn to the provisions of Section 7(5) and 7(6) which, inter-alia, provides that furnishing of any false or incorrect particulars of any information or suppression of any material information shall attract punishment for fraud under Section 447. Attention is also drawn to the provisions of Section 448 and 449 which provide for punishment for false statement and punishment for false evidence respectively.

Regards

CS Vikram Grover

9650056816