Aug 312016

Since there was a revision in the Annual forms AOC -4, and to give sufficient time to the stakeholders regarding the content of the forms, the Ministry of Corporate Affairs has extended the last date for filing the Annual Returns and Financial statements which will become due on or after 01st April 2016 , to 29 th October 2016.

Accordingly, these Annual returns and Financial Statements (AOC 4 & MGT 7) can be filed upto 29th October 2016 without any additional fees.

The relevant notification from MCA is attached herewith

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Apr 162016

The Ministry of Corporate Affairs (MCA) portal for down for updation during the period from 25th March 2016 to 27th March 2016. The portal resumed operations from 28th March 2016 onwards. However, there were many issues faced by the stakeholders while filing the forms and they are being sorted out now by the Ministry.

In view of the above, the MCA has decided to waive the additional fees in respect of forms due for filing between 25th March 2016 to 30th April 2106. All forms falling due during these dates need not pay any additional fees. However if these forms are filed after 10th May 2016, this relaxation is not applicable.

The relevant circular is provided below :-

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Dec 312015

Due to the recent heavy rains and floods in the State of Tamilnadu & UT of Pondicherry and as per various representations received, the Ministry of Corporate Affairs has decided to relax the additional fees payable on e-forms AOC-4,AOC(CFS), AOC-4(XBRL) and e-form MGT-7 upto 30th January 2016, wherever additional fees is applicable.This will be applicable only for the companies having their registered office in the state of Tamilnadu and UT of Pondicherry.

This is as per the General Circular No 16/2015 dtd 30th Dec 2015 issued by the Ministry of Corporate Affairs.

The relevant circular is reproduced below :-

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Source :-


Dec 012015

The Ministry of Corporate affairs vide its General Circular No 15/2015 dtd 30/11/2015 has relaxed the additional fees and has extended the last date for filing of the Annual Returns & Financial statements (MGT -7 & AOC-4) both XBRL and non XBRL filings. As per this circular, these filings can be done till 30th Dec 2015 without any additional fees.

The relevant Circular is reproduced below :-

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Source :-

Apr 022015

The Companies Act, 2013 had imposed certain restriction on acceptance of Deposits from Members, Directors & relatives. These were covered by Companies Acceptance of Deposits rules. There was no clarity on the deposits,loans accepted by the Private Limited Companies prior to 1st April 2014.

In order to clarify the same, the Ministry of Corporate affairs (MCA) has issued a new Circular No 5/2015 dtd 30th March 2015. The Clarification is as follows :-


The amounts received by private companies prior to 1 st  April, 2014 shall not be treated as ‘deposits’ under the Companies Act,2013 and Companies (Acceptance of Deposits) Rules, 2014 subject to the condition that relevant private company shall disclose, in the notes to its financial statement for the financial year commencing on or after 1st April, 2014 the figure of such amounts and the accounting head in which such amounts have been shown in the financial statement.

However, any renewal or acceptance of fresh deposits on or after 1st April, 2014 shall, however, be in accordance with the provisions of Companies Act, 2013 and rules made thereunder.

The relevant notification is reproduced below :-

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Nov 162014

As you are aware, the Ministry of Company Affairs (MCA) had announced a scheme Company Law Settlement Scheme (2014) (CLSS 2014) to facilitate corporate entities having backlog in filing the Annual Returns and Balance sheets with the Registrar of Companies. As per the scheme, a concession in the additional fees and also immunity from prosecution was also given for corporates who make use of this scheme. The last date for the scheme was earlier fixed at 15th Nov 2014.

In view of the request from various stakeholders, the MCA has further extended the last date for filing the returns under CLSS 2014 to 31st of December 2014.

The corporates who are yet to file their Annual returns and Financial statements for earlier years can make use of this last opportunity.

The relevant Circular is reproduced below :-

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Oct 152014

In view of the various representations received from the various stakeholders, the Last date for availing the Company Law Settlement Scheme has been extended to 15th November 2014.

Originally, the scheme was to end on 15th October 2014. The stakeholders were put on hardship due to slowdown in the MCA portal . In view of the same, the MCA has extended the deadline.

The stakeholders can make use of this opportunity and file all the backlog Forms and can avail the benefit of the CLSS scheme.

The relevant circular from MCA is reproduced below :-

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Source :-

Aug 252014

The Ministry of Corporate Affairs vide its Circular No 34/2014 dtd 12th August 2014 has introduced a new scheme for Companies for filing their backlog Annual Returns.



This scheme is applicable for defaulting companies which have made a default in filing of annual Statutory Documents.



This scheme shall not apply :-

1)      to companies against which action for striking off the name under sub-section (5) of section 560 of the Companies Act, 1956 has already been initiated by the Registrar of Companies or

2)      where any application has already been filed by the companies for action of striking off name from the Register of Companies or

3)      where application has been filed for obtaining Dormant Status under section 455 of the Companies Act, 2013, or

4)      to vanishing Companies.



The defaulting companies can file the documents which were due for filing till 30th June 2014.

Only the following forms can be filed under this scheme:-

1)      Form 20B – Form for filing annual return by a company having share Capital

2)      Form 21A – Particulars of Annual Return for the Company not having share capital.

3)      Form 23AC, 23ACA , 23AC-XBRL and 23ACA-XBRL – Forms for filing Balance Sheet and Profit & Loss Account.

4)      Form 66 – Form for submission of Compliance certificate with the Registrar.

5)      Form 23B – Form for intimation for Appointment of Auditors.



The Companies which are opting for this scheme will be :-

1)      Granted immunity from prosecution for non filing of annual returns

2)      Reduced additional fees of 25% of the actual additional fees payable for filing the documents under this scheme.

3)      In addition, inactive companies, who are filing documents under this scheme can get their companies declared as “dormant company” by filing a simple application at reduced fees.



This scheme shall be in force from 15th August 2014 to 15th October 2014.



The Application for seeking immunity in respect of belated documents filed under the scheme shall be made electronically in the e-form CLSS 2014. This e form shall be made available in the MCA21 portal from 1st September 2014 onwards. This form can be filed not later than 3 months from the date of closure of this scheme (ie.,) 15th October 2014. There will not be any fees payable on this form (CLSS 2014).

Click here to send an enquiry to us (or) filing forms under CLSS 2014.

The relevant Circular issued by MCA in this regard is reproduced below

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Jun 242014

The Ministry of Corporate Affairs has published a draft notification in its website relating to the Exceptions/Modifications/Adaptations with regard to provisions in the Companies Act, 2013 relating to the Private Limited Companies. Suggestions/Comments on the proposed draft notification may be addressed/sent latest by 1st July, 2014 through email at It has been requested that the name, Telephone number and address of the sender should be indicated at the time of sending suggestions/comments.

Source :-


The Draft Notification is reproduced below :-

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B S Sridhar & Co., Contact us @ 91-44-45540180 / 91-90804 33131. 

For Quick Response email :-

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