Stay compliant with the latest MCA regulations. Learn about due date extensions for AOC-4 and MGT-7/7A e-forms. Ensure timely submissions for your business
The Ministry of Corporate Affairs (MCA) has issued a notification regarding the waiver of additional fees for the submission of e-forms AOC-4, AOC-4 (CFS), AOC-4 XBRL, AOC-4 Non-XBRL, and MGT-7/MGT-7A for the financial year ending on March 31, 2021. Know more on Due Date Extension for MCA eforms.
In response to requests from stakeholders seeking relief from additional fees, the MCA has declared that no extra charges will be imposed until March 15, 2022, for the submission of all AOC-4 e-forms. Furthermore, no additional fees will be applicable until March 30, 2022, for filing Form MGT-7/MGT-7A.
Extension for Due Date Extension for MCA eforms – AOC-4 & MGT-7/7A – Overview
No official extensions have been announced for the current financial year. Monitor the MCA website https://www.mca.gov.in/for updates. Past extensions have typically been granted for a limited period, often with late fee waivers or reductions. Companies are advised to file forms within the prescribed deadlines to avoid penalties.
What is MCA e-form AOC-4?
To file financial statements and other documents with the Registrar of Companies (ROC). Typically within 30 days of the Annual General Meeting (AGM).
Contents:
- Balance Sheet
- Profit and Loss Account
- Auditor’s Report
- Directors’ Report
- Other prescribed documents
How to Download Due Date Extension for MCA eforms?
- Visit the MCA website: https://www.mca.gov.in/
- Navigate to MCA Services > e-Filing > Downloads > Company Forms Download
- Locate the desired form: Browse or search for the specific eform (e.g., AOC-4)
- Download: Click the download link to save the form to your computer.
Due Date Extension for MCA eforms for Filing AOC-4
Financial Statement Filing Requirements for Private Limited Company in India:
- General Companies: All companies registered in India, as per the Companies Act, 2013, must file their financial statements within 30 days of holding their annual general meeting (AGM). These statements must be approved at the AGM.
- One Person Companies (OPCs): OPCs, due to their single-member structure, don’t have AGMs. Therefore, they must file their financial statements within 180 days of the financial year’s end, with the approval of the sole member.
- Companies Missing AGMs: If a company misses its annual general meeting for any given year, they must still file their financial statements, along with any required documents, within 30 days of the last date the AGM should have been held. Additionally, they need to submit a statement explaining the reasons for not holding the meeting.
Revised Due Date Extension for MCA eforms for Filing AOC-4
The revised due dates for filing AOC-4 depend on the type of company and the financial year in question.
For Financial Year 2022-23 (ending March 31, 2023):
- One Person Company (OPCs) and companies covered under XBRL filing requirements: Due date was September 27, 2023.
- Other companies: Due date was October 29, 2023.
For subsequent financial years:
- OPCs: Due date is 180 days from the financial year end.
- Other companies: Due date is 60 days from the Annual General Meeting (AGM).
- If the AGM for a company hasn’t been held, the AOC-4 along with an explanation for the non-holding of the AGM must be filed within 30 days of the last date by which the AGM should have been held.
- Late filing penalties are applicable for non-compliance with the due dates.
What is MGT-7?
MGT-7 is a form used by companies (except One Person Companies and small companies) registered under the Companies Act, 2013 to file their annual return with the Registrar of Companies (ROC). This return includes information about the company’s finances, operations, and management for the previous financial year, similar to the requirements for the registration of company online.
What is Fees for Filing MGT-7?
The fees for filing MGT-7 depend on the nominal share capital of the company:
- No share capital: Rs. 200
- Share capital between Rs. 1 lakh and Rs. 4.99 lakhs: Rs. 300
- Share capital between Rs. 5 lakhs and Rs. 24.99 lakhs: Rs. 400
- Share capital between Rs. 25 lakhs and Rs. 99.99 lakhs: Rs. 500
- Share capital of Rs. 1 crore or more: Rs. 600
- Fees are subject to change
Filing Annual Return Form by OPCs and Small Company – eForm MGT-7A
General Due Date Extension for MCA eforms:
- The general due date for filing both MGT-7 and MGT-7A is within 60 days from the date of the Annual General Meeting (AGM).
Revised Due Date for Financial Year 2022-23:
- The Ministry of Corporate Affairs (MCA) has extended the due date for filing MGT-7/MGT-7A for the Financial Year 2022-23 to November 28, 2023.
Conclusion
In conclusion, filing MGT-7/MGT-7A forms is essential for companies in India to comply with annual reporting requirements. While the general due date for both forms is 60 days after the Annual General Meeting (AGM), the Ministry of Corporate Affairs (MCA) has extended the deadline for the Financial Year 2022-23 to November 28, 2023.
FAQs on Due Date Extension for MCA eforms
Can I fill out MCA eForms online or do I need to go in person?
All MCA eForms can be filled out and submitted entirely online through the Ministry of Corporate Affairs (MCA) portal. There's no need to visit any office in person.
What kinds of things can I do using MCA eForms?
You can use MCA eForms for a wide range of company-related tasks, including: Incorporating a new company Filing annual returns (MGT-7/MGT-7A) Appointing or making changes to directors Changing your registered office address Modifying your share capital Filing financial statements And many more!
Do I need any special software or equipment to fill out MCA eForms?
You'll need a computer with internet access and a compatible web browser like Chrome, Firefox, or Edge. Additionally, you'll need a Digital Signature Certificate (DSC) for authentication and e-signing. Some forms may also require additional software like Adobe Reader.
How can I check the status of my MCA eForm submission?
You can track the status of your submission through the Track Application Status feature on the MCA portal. Simply enter your reference number or other relevant details to see the current progress.
Are there any fees associated with using MCA eForms?
Yes, there are fees for using MCA eForms. The amount varies depending on the type of form you're filing and the company's share capital. You can find the specific fees for each form on the MCA website.
Can both private and public companies use MCA eForms?
Yes, both private and public companies registered under the Companies Act, 2013 can use MCA eForms for their filings.
What happens if I make a mistake in my MCA eForm submission?
If you discover any errors in the information you submitted, you can file a rectification form usually with an Addendum or Correction suffix to correct them. This process also involves online submission and fees.
