ROC Filing FY 2021-22: Due Date Extension Update

The Due date for Filing form AOC-4 for FY 2021-22 is 30 Days from the Annual General Meeting (AGM) date. Now, Most of the Companies Show, on 30th September 2021, as their AGM, the Due date for Filing Stands to be 29th Oct 2022.

Problems Faced by Professionals in Filing the Financials:

Problem with MCA Portal:

Professionals have complaint about various problems that they are facing on MCA Portal.

CS Jigar Shah writes: If we are not able to generate Pay later challan and system logs out user: 1) accounts get locked for few hours. 2) Cannot login for few hours, existing SRN cannot be cancelled 3) AOC4 Form cannot be filed from any other ID. What can be the solution in these cases?

CA Shridhar Shah Writes: Dear MCA this is your robust portal and annual filing progressing normally… for filing ONE AOC-4 file with trial and error with all browsers, settings & with multiple gateway timeouts….

Also, there is no provision of Revision of AOC-4 if wrong Data is submitted.

Festive Holidays and Late Reciept of Data due to Tax Audit Due Date Extension:

The Institute of Company Secretaries of India(ICSI) in its representation quoted that the 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, in the majority of cases, the audited figures are made available after 7th October 2022.

Further, the instituted added that a number of communications are being received from our stakeholders requesting an extension of the last date for filing of financial statements as well as citing the fact that the 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.

You May Also Refer: Extend Due Date of Filing AOC-4 for FY 2021-22: ICSI submits 2nd representation

During this period, there is a lack of manpower and support staff which add to the woes. Amid festivities, with having few days for fitting, the stakeholders are requesting for such extension of the last date for filing of financial statement.

Professionals this time are desperately waiting for an extension so that they can also work in a more relaxed environment.

Penalty for Late Filing of AOC 4:

Consequences of Non-Filing within the Due Date are Additional Fees of Rs. 100 per day w.e.f. 30 October will be levied and Penalties from Rs. 10,000 to Rs. 2 lakh can be levied.