Annual Return (Sec. 92 of CA 2013) Provisions Amended w.e.f. 05.03.2021

Section 92 – Annual Return of Companies Act, 2013

Ministry of Corporate Affairs (MCA) vide notification no. / gazette id no. CG-DL-E-08032021-225710 and F. No. 1/1/2018-CL.I dated 05th March, 2021 has amended Section 92 of the Companies Act, 2013 related to Annual Return and the Central Government hereby appoints the day of 05 March, 2021 as the date on which the provisions of section 23 (i) of Companies (Amendment) Act, 2017, shall come into force.

Section 23 (i) of Companies (Amendment) Act, 2017

Amendment of section 92 (1)

(1) Every company shall prepare a return (hereinafter referred to as the annual return) in the prescribed form containing the particulars as they stood on the close of the financial year regarding— Clause (c) its indebtedness – [Omitted]

in clause (j), the words “indicating their names, addresses, countries of incorporation, registration and percentage of shareholding held by them” shall be omitted;

Clause (j) details, as may be prescribed, in respect of shares held by or on behalf of the Foreign Institutional Investors “indicating their names, addresses, countries of incorporation, registration and percentage of shareholding held by them”; and

New Proviso Added

‘Provided further that the Central Government may prescribe the abridged form of annual return for “One Person Company, small company and such other class or classes of companies as may be prescribed”.’.

This Article is Written by CS Lalit Rajput. He can be reached at [email protected].