Deadline For Condonation Of Delay Scheme Extended

The Ministry of Corporate Affairs has extended the deadline for filing

eCODS Form for avoiding director disqualification. Subsequently, the DIN of disqualified directors that were deactivated will continue to remain active for another month upto 30th April 2018.

Director Disqualification

The Ministry of Corporate Affairs had earlier disqualified and deactivated the DIN of over 3 lakh of Directors for failure to

file MCA annual return. Subsequent to the disqualification, the Directors were unable to file any returns for the company nor were allowed to incorporate a new company for upto 5 years.

eCODS Scheme

On representation from various stakeholders about the inconvenience caused due to the Director disqualification, the MCA introduced the

Condonation of Delay Scheme to provide an opportunity for the disqualified director to regularise their compliance. Under the scheme, the Directors could file their annual return and income tax return for the overdue years and file eCODS form before 31st March, 2018 by paying a fee of Rs.30,000. On filing eCODS form, the director disqualification would be nullified and the DIN of the directors will be active after the deadline.

eCODS Scheme Extended to 30th April 2018

Now, the Ministry of Corporate Affairs has extended the due date for filing eCODS form from 31st March 2018 to 30th April 2018. The deadline extension will help many more Directors regularise compliance under the Condonation of Delay scheme. To get assistance with regularising compliance for your company under the eCODS scheme, get in touch with an IndiaFilings Advisor at

sales@indiafilings.com.

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Frequently Asked Questions

Common questions about eCODS Form Filing Extension for Compliance in India.

The Condonation of Delay Scheme (eCODS) is an initiative introduced by the Ministry of Corporate Affairs (MCA) to provide an opportunity for disqualified directors to regularize their compliance. Under this scheme, directors who failed to file annual returns could file overdue returns and pay a fee of Rs. 30,000 to reactivate their Director Identification Number (DIN).

The MCA extended the deadline for filing the eCODS Form from 31st March 2018 to 30th April 2018 to provide more time for disqualified directors to regularize their compliance. This extension was in response to representations from various stakeholders about the inconvenience caused due to the director disqualification.

If a disqualified director fails to file the eCODS Form before the extended deadline of 30th April 2018, their Director Identification Number (DIN) will remain deactivated. This means they will not be able to file any returns for the company or incorporate a new company for up to 5 years.

To regularize their compliance under the eCODS scheme, a disqualified director needs to file their annual returns and income tax returns for the overdue years, and then file the eCODS Form before the extended deadline of 30th April 2018, along with a fee of Rs. 30,000.

By filing the eCODS Form and regularizing their compliance, disqualified directors can nullify their disqualification and reactivate their Director Identification Number (DIN). This will allow them to continue filing returns for the company and incorporate new companies without any restrictions.

The article mentions that IndiaFilings, a professional services company, can assist directors in regularizing compliance under the eCODS scheme. Interested directors can get in touch with an IndiaFilings Advisor at sales@indiafilings.com for assistance.

The Ministry of Corporate Affairs had disqualified and deactivated the Director Identification Numbers (DINs) of over 3 lakh directors for their failure to file MCA annual returns for their respective companies.

According to the article, the DINs of disqualified directors that were deactivated will continue to remain active for another month until 30th April 2018, which is the extended deadline for filing the eCODS Form.

The Director Identification Number (DIN) is a unique identification number assigned to each director by the Ministry of Corporate Affairs. It is mandatory for directors to have a valid DIN to file returns for their company or incorporate a new company.

If a director is disqualified and their DIN is deactivated, they will be unable to file any returns for the company or incorporate a new company for up to 5 years, until their compliance is regularized and their DIN is reactivated.