No further Extension of Due Date beyond 29 Nov. for Annual Return Filing: MCA

No further Relaxation of Additional Fees/ Extension of Last Date/ Due Date by MCA for Filing of Annual Return, Financial Statements, etc. in Form AOC-4, AOC-4 (XBRL), AOC-4 (CFS) and MGT-7

MCA has extended the last date for filing of financial statements and annual returns using e-forms AOC-4, AOC-4(XBRL), AOC 4(CFS)  or MGT 7, as the case may be, without payment of additional fee, wherever applicable, till 29 Nov. 2016. However MCA has cautioned Stakeholders that there will be no further extension of last date beyond 29 Nov. 2016.

A. MCA Announces Relaxation of Additional Fees/ Due Date Extension to 29 Nov. 2016 for e-filing of various forms [28 Oct. 2016]

In continuation to General Circular No. 08/2016 dt. 29.07.2016 and keeping in view the requests received from ICSI and various other stakeholders, MCA has decided to further extend the last date for filing of financial statements and annual returns using e-forms AOC-4, AOC-4(XBRL), AOC 4(CFS)  or MGT 7, as the case may be, without payment of additional fee, wherever applicable, till 29 Nov. 2016.

 MCA General Circular No. 12/2016 dt. 28 Oct. 2016

MCA has clarified Stakeholders that there will be no extension of last date beyond 29 Nov. 2016 for filing financial statements and Annual Returns under the Companies Act, 2013 using eforms AoC-4/ AoC-4 (XBRL)/ AoC-4 CFS or MGT-7, as the case may be, without payment of additional fee. Additional fee as applicable from the next day of the original due date of the forms shall become payable from 30 Nov. 2016. Stakeholders are requested to plan accordingly and not wait till the last date for filing the said forms. [MCA Notice dt. 23 Nov. 2016]

B. MCA Announces Relaxation of Additional Fees/ Due Date Extension for e-filing of various forms [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.

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

C. 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.

 MCA General Circular 7/2016 dt 30th May, 2016 Extension of Due Date to 10th July 2016

 MCA General Circular 6/2016 dt 16th May, 2016 Extension of Due Date to 10th June 2016

 MCA General Circular 3/2016 dt 12th April, 2016 Extension of Due Date to 10th May 2016

Article/ Update Shared by:
CS Surinder Vashishtha, New Delhi Mobile: +91-9868074335; email:[email protected]

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