MCA Update: Extensions and Clarification from Ministry of Corporate Affairs (MCA)

MCA Extensions: 

1. With respect to conducting Board Meetings through Video Conference ("VC")/Other Audio Visual Means ("OAVM") for approving financial statement and other restricted items by Companies (Meetings of Board and its Powers) (Fourth Amendment), Rules, 2020, till June 30, 2021

- To read MCA Circular please click here

2. With respect to conducting Extra-ordinary General Meetings through VC or OAVM or transact items through postal ballot in accordance with the framework provided in the earlier MCA Circulars upto June 30, 2021

- To read MCA Circular please click here

MCA Clarification: 

1. There is no change in the additional fee rational w.r.t. Annual Return AOC-4, AOC-4 CFS, AOC-4 XBRL, AOC-4 NBFC and MGT-7 for the financial year 2019-2020 w.e.f. 1st January, 2021.

2. Hence, the due date of form filing shall be computed based on the actual date of Annual General Meeting or due date/ extended due date of AGM as it may applicable.

3. It has further added that starting from January, 2021 additional fees shall be applicable from the actual date of AGM or due date/extended due date of AGM + 30/60 days as the case may be and  INR 100 per day shall be charged starting from such day even if such date falls prior to 31st December 2020

Source: www.mca.gov.in