ICSI Further Requested MCA to Relax Levy of Additional Fees for AOC-4 and MGT-7

ICSI Further Requested MCA to Relax Levy of Additional Fees for AOC-4 and MGT-7

Reetu | Mar 15, 2022 |

ICSI Further Requested MCA to Relax Levy of Additional Fees for AOC-4 and MGT-7

ICSI Further Requested MCA to Relax Levy of Additional Fees for AOC-4 and MGT-7

The Institute of Company Secretaries of India(ICSI) made representation to Shri Rajesh Verma (Secretary of Ministry of Corporate Affairs) to further relax the levy of additional fee in filing of e-forms AOC-4, AOC- 4(CFS), AOC-4- XBRL, AOC-4 Non-XBRL and MGT-7/ MGT-7A for the financial year ended on 31.03.2021 under the Companies Act, 2013.

The Representation is Given Below:

We wish to draw your kind attention towards Section 137(1) of the Companies Act, 2013 which provides that a copy of the financial statements, including consolidated financial statement, if any, along with all the documents which are required to be or attached to such financial statements under this Act, duly adopted at the annual general meeting (AGM) of the company, shall be filed with the Registrar within thirty days of the date of AGM. Section 92(4) provides that every company shall file with the Registrar a copy of the annual return, within sixty days from the date on which the annual general meeting is held, with such fees or additional fees as may be prescribed.

Vide MCA General Circular no. 01/2022 dated 14th February, 2022, the Ministry of Corporate Affairs (MCA) has relaxed the additional fee of e-forms AOC-4, AOC-4(CFS), AOC-4- XBRL, AOC- 4 Non-XBRL upto 15.03.2022 and for MGT-7/ MGT-7A upto 31.03.2022 for the financial year ended on 31.03.2021 under the Companies Act, 2013.

We wish to submit that vide MCA General Circular no. 19/2021 dated 8th December, 2021, MCA has allowed the companies whose AGMs are due in the year 2021, to conduct their AGMs through VC or OVAM as per the respective due dates by 30th June, 2022 as per the given requirements.

Therefore, many companies are still in the process of convening their AGMs. Further, the professionals are also facing difficulty in filing the forms because of launch of MCA V3.

In view of this, we request you to kindly consider granting relaxation on levy of additional fee in filing of e-forms AOC-4, AOC-4(CFS), AOC-4- XBRL, AOC-4 Non-XBRL and MGT-7/ MGT-7A for the financial year ended on 31.03.2021 under the Companies Act, 2013 upto 30.06.2022.

We hope that the above submission would be considered favorably .

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

For Official Representation Copy Download PDF Given Below:

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