Legal Advisory India

Introduction Corporate governance in India is built on transparency and accountability. One of the most important compliance requirements introduced by the Ministry of Corporate Affairs (MCA) is Rule 12A of the Companies (Appointment and Qualification of Directors) Rules, 2014 , framed under the Companies Act, 2013. This rule ensures that directors’ details remain updated and verified through annual KYC filings. This article provides a comprehensive guide to Rule 12A of Companies Act 2013 , covering its meaning, applicability, filing process, penalties, and importance for corporate compliance. What is Rule 12A? Rule 12A was inserted into the Companies (Appointment and Qualification of Directors) Rules, 2014 to mandate annual KYC filing for directors . Key Provisions Applicability : Every individual holding a DIN as of March 31 of a financial year. Form requirement : Must file Form DIR‑3 KYC by September 30 of the following financial year. Subsequent years : Individuals who have alrea...

  The entire process is completed through the Government of Maharashtra’s MAITRI Portal operated by Maha Online. Step-by-Step Procedure The applicant must visit the website  www.lms.mahaonline.gov.in . Click on  “Create Employer User Profile”  to create a login for the factory or company. Complete the employer registration on the  MAITRI Portal  by filling in the basic details of the business, such as name, address, nature of activity, and contact details. After registration, log in and fill the  Common Application Form (CAF) . From the list of services, select  “Registration and Grant of License”  under the  Directorate of Industrial Safety and Health (DISH) . Fill  Form No. 1 , which contains detailed information about the factory, its occupier, workers, manufacturing process, machinery and safety arrangements, and upload a duly signed copy. Upload the  recent photograph and signature of the Occupier  (the person having ...