ICSI Submitted Representation with MCA for Extension of last date of filing Annual Return

ICSI Submitted Representation with MCA for Extension of last date of filing Annual Return:ICSI Submitted Representation with MCA for Extension of last date of filing Annual Return under Companies Act, 2013 MCA: 2018 Shri lnjeti Srinivas, IAS Secretary to Government of India Ministry of Corporate Affairs Shastri Bhawan New Delhi -110 001 Subject: Extension of last date for annual filing under the Companies Act, 2013 Sir, This is with reference to the provisions of Cotnpanies Act, 2013 which require filing of financial statements and Annual Return by every company with the Registrar within thirty days and sixty days respectively from the date of Annual General Meeting. In this regard, we wish to bring to your kind notice that many requests from companies/ professionals are being received for extension of last date for filing of annual forms due to the following reasons:

• Additional time being taken in XBRL conversion process and on account of implementation of lndAS.
• Issues faced because of-technical errors during pre-scrutiny in XBRL Validation Tools.
• Applicability of additional fees of Rs. 100 per day on delayed filing of annual documents has been introduced for the first time and extension of last date without the said fees will provide much needed relief.

Further, it may be noted that the CBDT has also extended the due date for filing Income Tax Re!turns along with Audit reports for the corporates up to 31st October, 2018. Considering the above facts, you are requested to kindly consider granting extension of time for filing the financial statements for the financial year ended 31st March, 2018 up to 31st December, 2018 without levying additional fee. We shall be happy to provide any further information or clarification that may be desired in this regard by your good office. Thanking You CS Ashok Kumar Dixit Official Secretary