Section 285 of the Companies Act, 2013
Section 285 of the Companies Act, 2013 pertains to the “Filing of Annual Return” by certain companies.
Section 285 – Filing of Annual Return (Summary)
This section requires certain companies (especially Government companies) to file their Annual Return in a specified manner.
The Annual Return contains details about the company’s shareholders, directors, and key managerial personnel, along with other prescribed information.
Key Points of Section 285:
Applicability:
Primarily applies to Government companies, i.e., companies in which the Central Government or any State Government or Governments owns at least 51% of the paid-up share capital.
Filing Authority:
These companies must file their Annual Return with the Registrar of Companies (ROC).
Form and Manner:
The Central Government may specify the form, manner, and time frame for filing the Annual Return by Government companies.
Purpose:
To maintain transparency and provide updated information about Government companies to regulators and the public.
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