Thursday, 16 July 2015

Relaxation of additional fees and extension of last date of in filing of forms MGT­7 and AOC­4 upto 30/11/2015.

Recently, Ministry of Corporate Affairs (MCA) has issued General Circular No. 10/2015 dated 13/07/2015 regarding Relaxation of Additional Fees and Extention of last date of in filing of Forms MGT-7 (Annual Return) and AOC-4 (Financial Statement) under the Companies Act.  Earlier, MCA has clarified vide General Circular 8/2014 dated 04/04/2014 that provision of the Companies Act, 2013 relating to financial Statements, auditors report and border's report shall apply in respect of financial years commencing after 1st April, 2014 Form AOC-4 or AOC-4 XBRL (Format of filing of Financial Statment) shall, as applicable, have to be used for filing of such statement for financial years commencing on or after 1st April, 2014.  Attention is also invited to this Ministry's General Circular 22/2014 dated 25/06/2014 wherein it has been clarified that MGT-7 (Form of Annual Return) shall apply to annual Returns in respect of Financial Years ending after 1st April, 2014.

Due to delay in electronic versions of Forms AOC-4, AOC-4 XBRL and MGT-7 latest by 30st September 2015, MCA decided to relax the additional fee payable on Forms AOC-4, AOC-4 XBRL and Form MGT-7 upto 31/10/2015.  Further, a company which is not required to file its Financial Statement in XBRL format and is required to file its CFS would be able to do so in the separte form for CFS without any additional Fees upto 30.11.2015.

Download General Circular (Click Here)

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