Friday 11 January 2013

amendment in form 18 of mca for incorporation of company

Dear Professional Colleagues,

MCA has amended the form 18 for change of registered office, and this time the onus to check the authenticity of registered office is on practicing Chartered Accountants. 


http://www.mca.gov.in/Ministry/pdf/G.S.R(E)_Form18_24dec2012.pdf


The ministry has amended the Form 18, the standard filing for situation of the registered office or any change thereof. Under the new form, onus has been put on the chartered accountant (CA), cost accountant or company secretary (CS) who verifies the filing to physically check the existence of the company

In addition to the complete address of the registered office and the address of the police station in which the registered office falls, which were the original requirements, companies will now have to produce the proof of address, which is a mandatory requirement under the new form 18.

If the company does not own the premises or has taken it on lease, then it has to produce further documentary evidence. If the registered office premises is owned by one of the directors of the company, then a no-objection certificate from the director is required to be attached. If the premises are owned by any other entity then a proof that the company is permitted to use such an address needs to be submitted, the amended form 18 showed. 

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