Relaxation of additional Fees and extension of last date of in filing Annual Return-MCA

The Ministry of Corporate Affairs, Government of India has given another relief to the stakeholders from the additional annual filing fee by the General Circular No. 08/2016 date 29.07.2016.

The Ministry have revised Form AOC-4 which would be deployed shortly. Further Form AOC-4 (XBRL) and Form AOC-4 (CFS) are also under revision and this may be available for deployment by the end of August, 2016.
 As per the provisions of Companies Act, 2013, the companies are required to file Financial Statements (Standalone and/or consolidated) within 30 days and the Annual Return within 60 days from the conclusion of Annual General Meeting (AGM) or form the date when the Annual General Meeting (AGM) ought to  be held i.e. due date of AGM. On the filing of the financial statements and annual return after due date, additional fees are required to be paid.

However, by the above mentioned latest circular, the companies, which are required to hold their Annual General Meetings (AGM) on or after 01.04.2016, are not required to pay additional fee for the filing of Financial Statements and Annual Return on or before 29.10.2016.


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