Relaxation in levy of additional fees in filing of e-forms AOC-4, AOC-4 (CFS), AOC-4 XBRL and Non-XBRL and MFT7 and 7A for year ended 31.03.2021
The Ministry of Corporate Affairs (MCA) has announced further relaxations in the levy of additional fees for filing specific e-forms under the Companies Act, 2013, for the financial year ended March 31, 2021. This update comes as part of General Circular No. 01/2022, issued on February 14, 2022, extending the deadlines previously outlined in earlier circulars.
Revised Deadlines As per the latest circular:
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E-forms AOC-4, AOC-4 (CFS), AOC-4 XBRL, and AOC-4 Non-XBRL: Companies can file these forms without incurring additional fees until March 15, 2022.
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E-forms MGT-7 and MGT-7A: The deadline for filing these forms has been extended to March 31, 2022.
During this extended period, only the standard filing fees will apply, providing relief to companies and ensuring compliance without the burden of late penalties.
Background and Previous Extensions
This relaxation follows earlier extensions granted by the MCA:
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General Circular No. 17/2021 (dated October 29, 2021) had initially extended the deadline for filing these forms without additional fees until December 31, 2021.
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Subsequently, General Circular No. 22/2021 (dated December 29, 2021) further relaxed the deadlines to February 15, 2022, for AOC-4 forms and February 28, 2022, for MGT-7/MGT-7A forms.
The latest update, effective as of February 14, 2022, supersedes these earlier deadlines, offering companies additional time to meet their filing obligations for the financial year 2020-21.
Key Takeaway
Companies are encouraged to file their AOC-4 (including its variants) and MGT-7/MGT-7A forms for FY 2020-21 within the revised timelines to avoid late fees. This extension reflects the MCA’s efforts to support businesses in meeting statutory requirements amid ongoing challenges.
*Please Note : No relaxation for ADT-1 (auditor appointment) & LLP forms provided. This relaxation is only for AOC-4 & MGT-7A for FY 2020-2021.
MCA has already extended time limit for holding Annual general meeting (AGM) by 2 months. Read here
| Event/Form | Extension/Relaxation | Extended Due Date |
|---|---|---|
| AGM | Extension for holding AGM by 2 months | 2 month from last date of AGM |
| AOC-4 | Relaxation in levy of additional fees | 15th March 2022 |
| AOC-4 (CFS) | Relaxation in levy of additional fees | 15th March 2022 |
| AOC-4 (XBRL) | Relaxation in levy of additional fees | 15th March 2022 |
| AOC-4 (Non-XBRL) | Relaxation in levy of additional fees | 15th March 2022 |
| MGT-7/MGT-7A | Relaxation in levy of additional fees | 31st March 2022 |
