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.
B. MCA Announces Relaxation of Additional Fees/ Due Date Extension for e filing of various forms [30 May 2016]
MCA had launched V2R2 on 28th March, 2016, downtime was given to Infosys from 25th March, 2016 to 27th March, 2016. Since the launch of the system, a number of stakeholders have faced issues and representations have been received by the MCA from stakeholders including the ICSI to resolve the issues including, for allowing waiver of additional fee till the new system stabilizes.
Accordingly, the MCA, vide General ircular 7/2016 dt. 30 May 2016 has further extended the relaxation regarding additional fee payable on e-forms which are due for filing by companies between 25th March 2016 to 30th June 2016 as one time waiver, with last date for filing being 10th July 2016, as under:
a) Due Date Extension upto 10th July 2016 for Companies
Keeping in view the requests received from various stakeholders including ICSI, the MCA has decided to further extend the period for which the one time waiver of additional fees is applicable to all e-forms which are due for filing by companies between 25th March 2016 to 30th June 2016 and to extend the last date for filing such documents while availing the benefit of waiver to 10.07.2016.
b) Due Date Extension upto 30 June 2016 for LLPs
Further, in view of the requests received from stakeholders, it has been decided to extend the time limit prescribed under the provisions of section 35 of LLP Act, for filing of Form 11 of LLP upto 30th June 2016 in respect of Financial Year ending on 31.03.2016, without additional fees.
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|Surinder Vashishtha (ACS, ACMA, M.Com, LLB, PGDSBL, DIPR), Surinder Vashishtha & Associates, Company Secretaries, UGF, G1/285, Dal Mill Road, Uttam Nagar, New Delhi – 110059; Mobile: +91-9868074335; email:[email protected]|