Important Updated in relation Annual Filing & Extension of Companies

The Ministry of Corporate Affairs (MCA) on Saturday vide General Circular no. 22/2021 dated: 29/12/2021, gave relaxation on levy of additional fees of e – forms AOC-4, AOC-4 (CFS), AOC-4 XBRL, AOC-4 NON-XBRL AND MGT-7/MGT-7A for the financial year ending on 30.03.2021, under Companies Act, 2013 till 15/02/2021 for the filing of AOC-4, AOC-4 (CFS), AOC-4 XBRL, AOC-4 NON-XBRL and up to 28/02/2021 for the filing of MGT-7/MGT-7A in respect of the Financial Year ended on 31/03/2021 respectively.

Aforesaid Extension is only given for the Relaxation of Additional fees Levied on Delay Filling of E Form AOC-44 and MGT-7/7A (as Applicable). But for those who required to file E Form ADT-1 For Appointment of Auditor on AGM as been required to file the ADT-1 with such Additional fees as Charged under the Companies Act 2013.

Point to be Remember for Aforesaid Extension:-

1. There is No extension is given for Form LLP-8 for Financial Year 2020-21.
2. This Extension if only Applicable to the Annual Filling for Financial Year 2020-21.
3. E Form AOC-4 shall be filled up to 15.02.2021 without any Additional fees For FY 2020-21.
4. E Form MGT7/ 7A shall be filled up to 28.02.2021 without any additional Fees for FY 2020-21.

Applicability of E Form MGT 7A:-

E Form MGT 7A is required to file by the Small Companies and One Personal Company. Such form can be filled by the Company without Attestation of Companies Secretaries in practice.

Here the term Small Companies Means:-

According to Section 2(85) of Company Act, 2013, Small Company means the company which satisfies the following two conditions: –

• paid up share capital of not more than 50 lakhs or such higher amount as may be prescribed which shall not be more than 10 crores; and
• Annual turnover as per profit and loss account of immediately preceding financial year not more than 2 crores or such higher amount as may be prescribed which shall not be more than 100

But This Clause is not Applicable to the

1. Section 8 Companies
2. Public Limited Companies
3. Holding and Subsidiaries Companies
4. Companies Formed under the Special Act.