MCA vide notification dated 31-03-2022 has extended the implementation of Audit Trial and Due date of Filing Form CSR 2. The New Time limits are as follows: Implementation of Audit Trial – From 01st April 2023 onwards ( Previously 01st April 2022) Due Date of Filing Form CSR 2 (Report on CSR) for Financial year…
Read moreAOC-4 & MGT-7/7A – Relaxation on Levy of Additional Fees Extended
The Ministry of Corporate Affairs has made relaxation on levy of additional fees up to 15-03-2022 (Earlier 15-02-2022) in the filing of following e-forms for the financial year ended on 31-03-2021: AOC-4 2. AOC-4 (CFS) 3. AOC-4 XBRL 4. AOC-4 Non-XBRL and Relaxation on levy of additional fees up…
Read moreGuidance Note on schedule III to the Companies Act, 2013 (Revised Edition)
The Ministry of Corporate Affairs (MCA) has recently revised the Schedule III to the Companies Act, 2013 vide notification dated 24th March 2021 by introducing additional disclosure requirements in the financial statements to improve governance. To provide guidance in view of the significant amendments made in Schedule III to the Companies Act, 2013, ICAI has brought…
Read moreMCA – Revised Additional Fees wef 01st July 2022
MCA has revised additional fees to be paid for late filing of e-forms Wef from July 1, 2022. The Table of additional fee/higher additional fee for delay in filing of forms have been increased/revised as under: Important points Higher Additional fees Higher Additional Fee shall be payable if there is delay in filing form INC-22…
Read moreNational Company Law Tribunal (NCLT) Invites Online Applications for post of Judicial and Technical Members.
National Company Law Tribunal (NCLT) constituted under Section 408 of the Companies Act, 2013, Invites Applications Online Applications for post of Judicial and Technical Members. Vacancies Judicial Member – 09 Nos. Technical Members – 06 Nos. The number of vacancies are tentative and may decrease or increase without prior notice. Last Date and Time of…
Read moreAOC-4 & MGT-7 – Additional Fee Relaxation up to 31st December 2021
The Ministry of Corporate Affairs has made relaxations on levy of additional fees up to 31-12-2021 in the filing of following e-forms for the financial year ended on 31-03-2021: AOC-4 AOC-4 (CFS) AOC-4 XBRL AOC-4 Non-XBRL MGT-7 MGT-7A Only normal fees shall be payable for the filing of the aforementioned e-forms up to 31-12-2021. For the General Circular…
Read moreNFRA Consultation Paper – Statutory Audit and Auditing Standards for MSMCs
National Financial Reporting Authority (NFRA) has issued Consultation Paper on Statutory Audit and Auditing Standards for Micro, Small and Medium Companies (MSMCs) seeking comments from its stakeholders on 29 September 2021. Background In view of the issues related to compliance with the regulatory framework specifically by smaller size companies, NFRA seeks stakeholder responses which will…
Read moreDue Date for Holding of AGMs by the Companies – Extended
In view of difficulties faced due to second wave of Covid-19 and consequent Lockdown etc., MCA has extended the Due Date for Holding AGMs of the companies by 2 months from the due date by which the AGM ought to have been held for the Financial Year 2020-21 ending on 31/03/2021. Extension granted is also…
Read moreCompanies Act – Relaxation by MCA
In view of difficulties arising due to resurgence of Covid-19, MCA has decided to grant relaxations on the following matters: 1. Relaxation of Levy of Additional Fee in Filing Certain forms under the Companies Act, 2013. For the General Circular, click here : http://www.mca.gov.in/Ministry/pdf/GeneralCircularNo6_03052021.pdf 2. Relaxation of time for filing forms related to creation or modification of…
Read moreDue Date of Filing Form DPT-3 Extended
The Ministry of Corporate Affairs (MCA) has further amended Companies (Acceptance of Deposits) Rules, 2014. As per the MCA Notification dated 30th April, 2019, the due date of Filing Form DPT-3 has been extended upto 90 days from 31st March, 2019. Further it is also clarified that data on deposits should be filed upto 31st…
Read more