The Ministry of Corporate Affairs (“MCA”) has issued Circular No. 08/2016 dated 29 July 2016 to grant relaxation of additional fees and extension of last date of filing Form AOC-4, Form AOC-4(XBRL), Form AOC-4 (CFS) and Form MGT-7 under Companies Act, 2013 (“CA, 2013”).
As per the relevant provisions of the CA, 2013, the financial statements in Form AOC-4 and annual returns in Form MGT-7 are required to be filed by the Companies within 30 days and 60 days respectively from the conclusion of Annual General Meeting.
In light of revision in the above said forms and keeping in view that some time could be required for companies to get familiarised with filing of the new forms, the Ministry has been decided to allow the companies to file financial statements and annual returns on or before 29 October 2016 where the due date for holding of the Annual General meeting is on or after 1 April 2016 without the payment of additional filing fee.
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Labels: Company Law Updates