Extension for Annual Filings 2021

November 2021

The Ministry of Corporate Affairs (“MCA”) extends the due date for annual filings for Financial Year (“FY”) 2020-21. It will provide companies an opportunity to remain compliant by filing annual filing forms without payment of any additional fee.

Background: The Companies Act, 2013 requires the companies to file (a) accounts with the Registrar of Companies (“ROC”) within 30 days of the Annual General Meeting (“AGM”) as per section 137, and (b) annual return within 90 days of the AGM as per section 92. In case of delay, the late fee is INR 100 (USD 2) per day.

Extension: By general circular 17/2021 issued on October 29, 2021, the MCA extends the deadline for filing accounts and annual return to be filed for the FY ended on March 31, 2021 till December 31, 2021. If the forms are filed after 30 or 60 days of AGM (as applicable) but prior to December 31, 2021, only normal fee will be payable.

Applicability: The extension applies to forms pertaining to (a) accounts (e-forms AOC-4, AOC-4 CFS and AOC-4 XBRL); and (b) annual return (e-forms MGT-7 and MGT-7A).

By:

Jaya Moorjani