Corp Affairs Min extends deadline for annual filings

The Corporate Affairs Ministry has extended the deadline for companies to submit their financial statements and annual returns till November 30.
Prior to this, companies were allowed to make such filings without any additional fee till October 31.
In a circular, the Ministry said that keeping in view the request received from various stakeholders, "it has been decided to relax the additional fee payable on forms AOC-4 and AOC-4 XBRL upto November 30, 2015".
The additional fee requirement for MGT-7 e-form is also relaxed for all such forms filed till November 30, wherever additional fees is applicable, it added.
Under the Companies Act, 2013, form AOC-4, AOC-4 XBRL are for filing of financial statements while MGT-7 pertains to submitting annual returns to the Ministry.

Every company is required to prepare its annual return in MGT-7 form.
This form is to be used for financial years ending after April 1, 2014 - the day when most provisions of the new companies law came into effect.