MCA extends due date for filing of financials and annual return

Circular No. 22/2021, Dated: 29.12.2021

In view of requests from various stakeholders regarding levy of additional fees for filing of annual financial statements for the year ended 31.03.2021. The MCA has decided to extend the due date of filing of financials and Annual returns without any late fee. Accordingly, the MCA stated that no additional fees shall be levied for filing of AOC -4, AOC-4 (CFS), AOC- 4 XBRL, AOC – 4 Non-XBRL up to 15.02.2022 and for MGT – 7, MGT- 7A up to 28.02.2022.

Earlier, MCA through General Circular No. 17/2021, Dated- 29th October 2021 had extended the time for filing of AOC -4, AOC-4 (CFS), AOC- 4 XBRL, AOC – 4 Non-XBRL MGT – 7, MGT- 7A till 31. 12. 2021.

As per section 137 of the Companies Act, 2013, Companies are required to file financial statements, including consolidated financial statements duly adopted at the annual general meeting of the company with the Registrar within 30 days of the date of the annual general meeting.

As per Section 92 of the Companies Act, 2013, every company is required to file with the Registrar a copy of the annual return, within 60 days from the date on which the annual general meeting is held or where no annual general meeting is held in any year within 60 days from the date on which the annual general meeting should have been held together with the statement specifying the reasons for not holding the annual general meeting.

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