RELAXATION UNDER THE COMPANIES ACT, 2013:
EXTENTION OF HOLDING AGM
Ministry of Corporate Affairs (“MCA”) has extended the Due Date for Holding of AGMs by the companies upto November 30, 2021 ( i.e. by 2 months from the original due date) for the financial year 2020-21 ended on March 31, 2021
Accordingly, respective Registrar of Companies (“ROC”)e issued extension Orders, which are available at the link below:
https://mca.gov.in/content/mca/global/en/data-and-reports/rd-roc-info/extension-agm.html
It may be noted that AGMs can be conducted using VC/ OAVM upto December 31, 2021, in view of MCA Clarification dated January 13, 2021 on Holding of AGMs due in 2020 and 2021 upto December 31 2021, in view of Covid-19 Pandemic.
FILING OF VARIOUS E-FORMS
The MCA via General Circular no 17/2021 dated October 29, 2021 has provided relaxation on levy of additional fees in filing of e-forms AOC-4, AOC-4 (CFS), AOC-4 XBRL, AOC-4 Non-XBRL and MGT -7 / MGT-7A for the financial year ended on March 31, 2021 under the Companies Act, 2013. Keeping in view of various requests received from stakeholders, the MCA has decided that no additional fees shall be levied upto December 31, 2021 for the filing of e-forms AOC4, AOC-4 (CFS), AOC-4 XBRL, AOC4 Non-XBRL and MGT-7/MGT-7A in respect of the financial year ended on March 31, 2021. During the said period, only normal fees shall be payable for the filing of the aforementioned e-forms.
For details:
https://www.mca.gov.in/bin/dms/getdocument?mds=5qMjdDesXhBDFgDSplqkmA%253D%253D&type=open
RELAXATION UNDER THE LLP ACT 2008:
FILING OF FORM 8
The MCA via General Circular no 16/2021 dated October 26, 2021 has provided relaxations in paying additional fees in case of delay in filing Form 8 (the Statement of Account and Solvency) by Limited Liability Partnerships upto December 30, 2021. On account of Covid-19 pandemic, and as part of the Government’s constant efforts to promote ease of living and compliances for Micro, Medium and Small Enterprises doing business through the vehicle of LLP, the MCA has allowed LLPs to file Form 8 (the Statement of Account and Solvency) for the Financial Year 2020-2021 without paying additional fees upto December 30, 2021.
For details:
https://www.mca.gov.in/bin/dms/getdocument?mds=D6JwDgXJxJkSj9vnkrkNZw%253D%253D&type=open
(However, as per Section 34 of the LLP Act, 2008, statement of accounts & solvency should be signed within 6 months of end of financial year i.e. September 30, 2021).
Disclaimer: This Article is only a knowledge-sharing initiative and is based on the Relevant Provisions as applicable and as per the information existing at the time of the preparation. In no event, RMPS & Co. or the Author or any other persons be liable for any direct and indirect result from this Article or any inadvertent omission of the provisions, update, etc if any
Published on: October 30, 2021