Extend Due Date of filing ROC Filing for FY Ended 31st March 2022: ICSI to MCA

Extend Due Date of filing ROC Filing for FY Ended 31st March 2022: ICSI to MCA

Reetu | Nov 1, 2022 |

Extend Due Date of filing ROC Filing for FY Ended 31st March 2022: ICSI to MCA

Extend Due Date of filing ROC Filing for FY Ended 31st March 2022: ICSI to MCA

The Institute of Company Secretaries of India(ICSI) has requested MCA Secretary to extend the time period for filing of financial statements for the FY ended 31.03.2022 without levying an additional fee.

With reference to the ICSI representations dated October 11, 2022, and October 21, 2022(copy enclosed) made pertaining to extension in the timelines provided under section 137 of the Companies Act, 2013 for filing of financial statements with the Registrar i.e. within thirty days from the date of the annual general meeting and also personal meetings held during this month.

We request to kindly consider granting an extension of time for filing of financial statements for the financial year ended 31.03.2022 up to 31st December 2022 without levying an additional fees. The reasons for our submission are as under:

a) with the MCA notification no. G.S.R. 207(E) dated 24.03.2021 made effective from April 01, 2021, mandating round-off of the figures appearing in the Financial Statements but absolute figures required to be filed in Form AOC-4; it is taking extra time for filling and filing of audited financial statements. It is causing difficulty for XBRL filings also.

b) on the last two days, the professionals faced the following problems while filing these forms:

a. there was a problem in log-in into the portal. The system showed the message ‘gateway time out’

b. in case, they were able to login, they weren’t able to upload the forms.

c. even if the SRN was generated, the payment gateway was stuck.

d. while filing the form, the system showed the message, ‘load on system’

e. not able to register DSC

c) Central Board of Direct Taxes (CBDT) on consideration of difficulties faced by the taxpayers and other stakeholders, has vide circular No. 19/2022 dated 30.09.2022, granted 7 days extension for the filing of audit reports for the Assessment Year 2022-23 i.e. from 30th September 2022 to 07th October 2022 for filing of various reports of audit for the Assessment Year 2022-23. So, concerned professionals were busy with filing of ITR;

d) dates of filing financial statements is coinciding with the varied festivals (Diwali, Bhai Dooj, Chhath Puja, etc.) celebrated across the length and breadth of the nation, during which corporates and professional workspaces are closed temporarily. During this period, there is a lack of manpower and support staff which add to the woes.

The objective of filing is to ensure maximum compliance and updation of the Registry, which has been defeated due to above-mentioned reasons. The extensions granted by you during the past years have not only promoted ease of compliance but have been a key role player in strengthening the governance framework.

Considering the above issues faced by corporates and professionals, you are requested to kindly consider granting an extension of time for filing of financial statements for the financial year ended 31.03.2022 up to 31st December 2022 without levying an additional fee.

We shall be pleased to provide any further information or clarification in this regard on hearing from your good self.

For Official Representation Download the PDF Given Below:

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