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March 15, 2022

ICSI requested for relaxation of additional fees payment for AOC 4 and MGT 7 till June 30, 2022

by CA Shivam Jaiswal in Corporate Law

ICSI requested for relaxation of additional fees payment for AOC 4 and MGT 7 till June 30, 2022

Respected Sir,

We wish to draw your kind attention towards Section 137(1) of the Companies Act, 2013 which provides that n copy of the financial statements. including consolidated financial statement. if any. along with all the documents which are required to be or attached to such financial statements under this Act, duly adopted at the annual general mooting (AGM) of the company, shall be filed with the Registrar within thirty days of the date of AGM. Section 92(4) provides that every company shall file with the Registrar a copy of the annual return, within sixty days from the date on which the annual general mooting in held, with such fees or additional fees as may be prescribed

Vide MCA General Circular no 01/2022 dated 14th February, 2022. the Ministry of Corporate Affairs. (MCA) Has relaxed the additional fee forms AOC.4, AOC 4(CFS), AOC- 4 XBRl AOC-4 Number-XBRL up to 15.03,2022 mid fur MGT-7/ MGT-7A talk) 31.03 2022 for the financial year, ended on 31.03.2021 under the Companies Act. 2013.

We wish to submit that vide MCA General Circular no 19,2021 dated 8th December, 2021, MCA has allowed the companies whose AGMs are due in the year 2021, to conduct their AGMs through VC or OVAM as per the respective due dates by 30th June, 2022 an per the given requirements.

Therefore, many companies at still in the process of convening their AGMs. Further, the professionals are also lacing difficulty in filing the forms because of launch of MCA V3.

In view of this, wo request you to kindly consider granting relaxation on levy of additional fee in filing of e-forms AOC-4, AOC-4(CFS). AOC-4 XIIRI , AOC-4 Non-XBRI. and MGT-7/ MGT-7A for the financial year ended on 31.03.2021 under the Companies Act, 2013 up to 30.06.2022

We hope that the above submission would be considered favorably

We shall be pleased to provide any further information in this regard on hearing from your good self.

Thanking You

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