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December 30, 2021
Companies Fresh Start Scheme 2020 and LLP Settlement Scheme 2020- Due Date extended to 31st December 2020
Important Updates in due date of AOC 4 and MGT 7 For FY 2021-2022
Keeping in view of various requests received from various stakeholders, the MCA has granted the relaxation on levy of additional fees for Annual Financial Statement filings required to be done in the Financial Year 2021- 22. The ministry of Corporate Affairs has extended the due date for filing of e-forms AOC 4, AOC 4(CFS), AOC 4 XBRL, AOC 4 Non-XBRL for the Financial Year 2021-22 till 15.02.2022, and for filing e forms MGT 7/MGT 7A is 28.02.2022.
Important Update
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As everyone is aware that the impact of COVID-19 pandemic has been harsh and the economy is struggling to come out of the crisis. The corporates are facing challenging times to meet the ends and function smoothly. Amid all of this a request was made to the Hon’ble Finance minister and Ministry of Corporate Affairs by various corporate bodies and Chartered Accountant Associations bodies for the extension of various due dates for filing form CFSS- 2020, LLP Settlement Scheme, 2020 (LSS 2020) and for various other annual filings till 31st December, 2020.
Keeping in view the requests received, the Finance Minister Nirmala Sitharaman went on twitter to announce the extension of the various schemes till 31.12.2020. where she said “The Ministry of corporate Affairs has extended the duration of several schemes till 31.12.2020 in view of the continues disruption in certain parts of the country and to provide greater Ease of doing business.” The series of tweets done by the official twitter handle of the Finance Minister are as follows:
She further announced the extension in the time period up to which companies can conduct their board meetings through VCs or other Audio Visual Mechanism for all items of Business and also the due date for the Charge related forms has been extended to 31.12.2020.
Read: Representation made by ICSI for further extension of Due date for CFSS 2020 and LSS 2020.
Table showing the list of the Extended Due Dates by the MCA
Scheme |
Description |
Earlier Due date |
Extended due date |
CFSS- 2020 |
Companies Fresh Start Scheme, 2020 (CFSS-2020) The Companies Fresh Start Scheme
|
30.09.2020 |
31.12.2020 |
LSS- 2020 |
LLP Settlement Scheme, 2020 (LSS 2020) Special measures adopted to enable and support Limited Liability Partnerships constituted under Limited Liability Partnership Act, 2008 in view of COVID19 outbreak. The LLP Settlement Scheme was introduced from 1st April, 2020 to 30th September, 2020. |
30.09.2020 |
31.12.2020 |
DIR 3 KYC |
DIR 3 KYC is part of the CFSS- 2020 and LSS-2020 schemes. |
30.09.2020 |
31.12.2020 |
EGM through VCs / AVMs |
Companies to hold EGMs or transact business through postal ballots through VC or OAVM as earlier announced by the MCA. |
30.09.2020 |
31.12.2020 |
Form No. CHG-1 and Form No. CEIG-9 |
Filing of forms related to creation or modification of charges under the Companies Act 2013. |
30.09.2020 |
31.12.2020 |
These announcements came exactly at the time where the Chartered Accountants and Corporate bodies including Companies were panicking to meet the compliance before the due dates. This will give a big relaxation to all the CAs, CSs and Auditors.
Another Important Announcement: Extension in Income Tax Return Filing Due dates
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Hello sir,
No, the extension for DIR-3 KYC is not applicable, though you can file your DIR-3 KYC every year on or before 30th September. We are sorry for being late.
Thanks for connecting!