The Ministry of Corporate Affairs (MCA) announced an extension for the due date of filing Form AOC-4 and Form MGT-7. The MCA also removed the levy of additional fee on the non-filing of these forms till the extended due date.
The General Circular, dated October 29, 2019, from the Ministry of Corporate Affairs stated the following:
“it has been decided to extend the due date for filing of e-forms AOC-4, AOC (CFS) AOC-4 XBRL upto 30.11.2019 and e-form MGT-7 upto 31.12.2019, by companies without levy of additional fee”
The extended deadlines stand as follows:
November 30, 2019 – Form AOC-4, Form AOC-4 XBRL, Form AOC-4 (CFS)
December 31, 2019 – Form MGT-7
What is Form AOC-4 and who should be filing it?
Form AOC-4 has been supplied by the Ministry of Corporate Affairs for companies to file their financial statement for every financial year with the Registrar of Companies (ROC). If a company is filing a consolidated financial statement, they have to use Form AOC-4 (CFS). Companies that meet any of the following criteria are required to file AOC 4 XBRL (extensible business reporting language):
- All companies listed with any stock exchange in India and their Indian subsidiaries.
- All companies with a capital of 5 crores or above.
- All companies with a turnover of 100 crores or more.
- All companies which were covered till date under the Companies Rules 2011.
What is Form MGT-7 and who should be filing it?
Form MGT-7 is an e-form by the Ministry of Corporate Affairs for companies to file their annual return details. It is maintained electronically by the ROC and on the basis of the accuracy of the information provided by companies. All public or private registered in India are required to file Form MGT-7 each year for their annual return.
You can start filing your compliances with us right now!