Companies Required to Disclose Exact Office Location to Curb Fraud

To prevent fraudulent companies from operating on fake addresses and engaging in illegal activities, the Ministry of Corporate Affairs (MCA) will implement new rules from July 14 requiring businesses to provide the precise location of their registered offices.

 

Under the revised system, companies will need to upload accurate geotagged details of their offices to the MCA portal. This measure aims to ensure transparency, prevent misuse of fake addresses, and curb financial frauds committed by shell companies and other illicit entities.

 

The move follows repeated cases of firms registering with false or misleading addresses, which has hindered investigations and allowed fraudulent operations to continue undetected. By mandating exact location disclosure, authorities aim to establish a more reliable corporate registry and strengthen regulatory oversight.

 

The updated process will require companies to file the precise office location in their statutory records, supported by photographic evidence and GPS coordinates. Failure to comply with the new requirements could result in penalties, legal action, and possible deregistration.

 

MCA officials have stated that the system will be integrated with existing compliance filings to streamline verification. The new measure is expected to help regulatory agencies, auditors, and law enforcement track and verify companies’ operational bases more effectively, significantly reducing the chances of address-related fraud.