ACTIVE deadline extended, companies get time till June 15 to meet new disclosure norms!!
The government has extended the deadline for uploading photos of business premises to June 15, giving corporates more time to comply with a provision aimed at spotting shell companies.
“It has been decided to extend the date to June 15,” confirmed a corporate affairs ministry official.
The disclosure norms, which came into effect from February, make it mandatory for registered companies to upload pictures of their business premises and at least one director. The last date for compliance was Thursday, April 25. ET had reported on Wednesday that the MCA was looking to extend the deadline.
The move came after the ministry received representations from industry associations with many companies yet to comply.
Startups have, in particular, pointed out that many of them operate out of homes or shared premises or office suites.
The government had launched a crackdown on shell companies as part of the anti-black money drive and these norms were fol ..