Request for improving of annual filing compliance by pursuing companies so as to help the Ministry of Corporate Affairs in achieving the targeted compliance.
October, 12th 2016
Sub: Request for improving of annual filing compliance by pursuing companies so as to help the Ministry of Corporate Affairs in achieving the targeted compliance.
As the members are already aware that that it is the time of peak filing of Balance Sheet & Annual Return under the Companies Act.
This is to mention here that to promote high standard of integrity and professionalism it is an essential part of the Professional duty of the Chartered Accountants to ensure compliance of various statutory and other regulatory requirements with regard to the relevant provisions of the Acts which regulate the functioning of Companies and LLPs.
In line with this, members are requested to take immediate measures to pursue and ensure without fail, compliance filing by companies for the financial year 2015-16 as it is the duty of every member to ensure that the companies, they are associated with, do their filing within the stipulated time.
For this year, the Ministry of Corporate Affairs intends to achieve minimum target of atleast 80% Compliance rate w.r.t. Annual filings and our members may help the Ministry in achieving the targeted compliance.
Members concerned are earnestly requested to note and comply.
(CA Dhinal Shah) Chairman, Corporate Laws & Corporate Governance Committee