01 August 2016

MCA-Relaxation of Additional Fees

Relaxation of Additional Fees/ Extension of Last Date by MCA

A. MCA Announces Relaxation of additional Fees/ Extension of Due Date for Filing of Form AOC-4, AOC-4 (XBRL), AOC-4 (CFS) and MGT-7 [30 July 2016]

MCA vide General Circular 08/2016 dt. 29 July, 2016 has announced relaxation of additional fee and extension of due date for filing of AOC-4 and MGT-7, i.e. it has decided to allow filing of financial statements/ annual returns by 29.10.2016 where due date for holding AGM is on or after 01.04.2016 without payment of additional filing fee, as under:

MCA General Circular 08/2016 dt. 29 July, 2016

1. The Ministry have revised form AOC-4 which would be deployed shortly. Further, Form AOC-4 (XBRL) and Form AOC-4 (CFS) are also under revision and this may be available for deployment by end of August, 2016.

2. As per the relevant provisions of the Companies Act, 2013, the financial statements and Annual Returns will have to be filed by the Companies within 30 days and 60 days of conclusion of AGM or the last day by which AGM ought to have been held, as the case may be

3. In the light of the above and. keeping in view that some time could be required for companies to get familiarised with filing of the new forms, it has been decided to allow companies to file financial statements and Annual Returns on or before 29.10.2016 where due date for holding of the Annual General Meeting is on or after 01.04.2016, without payment of additional filing fee.

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