All companies registered in India must file an annual return each year, irrespective of business turnover or activity. The annual return must be filed in Form MGT-7 and Form AOC-4 is also filed along with the annual return. In this article, we look at the due date for the annual returns for a company.
A company’s annual return has to be filed with the MCA within 60 days from the date of the Annual General Meeting. All companies are required to conduct an Annual General Meeting within 6 months of the closing of the financial year. Hence, the last date for conducting the Annual General Meeting would be 30th September and the due date for filing the annual return would be 29th November.
If a company cannot hold an Annual General Meeting in any year, the annual return still has to be filed within 60 days from the date on which the AGM should have been held together with the statement specifying the reasons for not holding the AGM. Hence, a company cannot excuse itself from filing the annual returns on the plea of the Annual General Meeting not having been held.
The statutory fee for filing is based on the authorized capital of the Company as follows:
|For submitting, filing, registering, or recording any document Rs. by this Act required or authorised to be submitted, filed, registered, or recorded||Rs.|
|In respect of a company having a nominal share capital of up to Rs. 1,00,000||Rs.200|
|In respect of a company having a nominal share capital of Rs. 1,00,000 or more but less than Rs.5,00,000.||Rs.300|
|In respect of a company having a nominal share capital of Rs. 5,00,000 or more but less than Rs. 25,00,000||Rs.400|
|In respect of a company having a nominal share capital of Rs.25,00,000 or more but less than Rs. 1 crore or more.||Rs.500|
|In respect of a company having a nominal share capital of Rs. 1 crore or more.||Rs.600|
Penalty for Late Filing Annual Return
In case a company files its annual return after 60 days of the date of the Annual General Meeting or after 29th November, a penalty would be the applicable date of the event and date of filing. Further, the Ministry of Corporate Affairs has proposed to increase the penalty for late filing of annual return multi-fold as follows from the year 2018:
|Number of Days Default||Current Penalty||Proposed Penalty|
|Up to 15 days||Rs.400||Upto Rs.3,000|
|More than 15 days and up to 30 days||Rs.800||Upto Rs.6,000|
|More than 30 days and up to 60 days||Rs.1600||Upto Rs.12,000|
|More than 60 days and up to 90 days||Rs.2400||Upto Rs.18,000|
|More than 90 days and up to 180 days||Rs.4000||Upto Rs.36,000|
|More than 180 days and up to 270 days||Rs.4800||Upto Rs.54,000|
|More than 270 days||Rs.100 per day penalty||Rs.200 per day penalty|
Note: The above chart has been worked for a company with a capital of share capital of Rs.1,00,000. The new penalty proposed by the MCA from the year 2018 for late filing of annual return is Rs.100 per day per filing. Since a company will have to file MGT-7 and AOC-4, the penalty for a day of default would be Rs.200.
The MCA announcement about the upcoming changes to the penalty structure has been published on the website as under:
- Last date of DIN KYC Has been extended
- Filing of Director KYC DIR-3
“It is proposed to amend shortly, the Companies (Registration Offices and Fees) Rules 2014 to levy additional fee @Rs.100 per day for filings under Section 92 (Annual Return) or 137 (Annual Financial Statement) of the Companies Act, 2013. Once notified, the additional fee @Rs.100 per day (beyond the normal date of filing) shall become payable in respect of KYC, 23AC,23ACA,23AC XBRL,23ACA XBRL,20B,21A, MGT-7, AoC-4,AoC-4 XBRL and AoC-4 CFS. Stakeholders are advised to take note and plan accordingly.”
Know more about the increase in the penalty for late filing annual returns.
- INR 100 Per day additional fees is applicable for forms like LLP form 8, AOC 4, MGT 7 etc
- For other required forms and documents, Companies may get penalized if the time limit of days exceeds as follows.
|Delay Period||applicable Fees|
|Up to 30 days||two times of normal fees|
|More than thirty days and up to Sixty days||Four times of normal fees|
|More than Sixty days and up to Ninty days||Six times of normal fees|
|More than ninety days and up to one-eighty days||Ten times of normal fees|
|More than one-eighty days and up to two Seventy days||Twelve times of normal fees|
To avoid penalties get started with ROC Annual Filings with rajput Jain and Associates.
Relevant update of the Company’s Annual Filing Date and time
Defaulting companies that have failed to file ROC returns can now use CFSS 2020 and start afresh. Protection from all penalties and late charges is assured. Once a lifetime of chance granted by the MCA. Rush to execute your pending ROC annual filing presently. The deadline for the implementation of the CFSS 2020 scheme is 31 December 2020. The ROC annual filing forms, such as DIR 3 KYC, AOC 4. MGT 7, ADT 1, PAS 6, LLP form 8, LLP form 11, MGT 14 etc. has been extended Extend CFSS 2020 & LLP Settlement Scheme to 31.03.2021.
Filling Fees for MCA Form -AOC 4
The Filling fee for e filling Form AOC -4 based on annual turnover/the share capital of a company are as follows:
- Less than 1 lakhs – Rs 200 per document
- 1 lakhs to 4.99 lakhs – Rs 300 per document
- 5 lakhs to 24.99 lakhs – Rs 400 per document
- 25 lakhs to 99.99 lakhs -Rs 500 per document
- 1,00 lakhs or more -Rs 600 per document
Late Filing Penalty on Form AOC 4
The below filling fees is apply if the delay in filing a financial statement or the annual ROC Returns:
|duration of Delay period||applicable Additional fee payable|
|(Deadline dates to file AOC 4 is within 30 days from date of an AGM )
(Deadline dates to file AOC 4 is within 30 days from date of an AGM)
|Rs 100 per day, max of Rs 10,00,000/-|
Relaxation of the additional charge for filing all e-forms AOC-4 until 15/02/2021
The MCA ordered the Relaxation of additional fees in the registration of AOC-4, AOC-4 e-forms (CFS). AOC-4 XBRL and AOC-4 Non-XBRL for the FY ending 31/03/2020 as per the Companies Act 2013.
With respect to the multiple requests received from stakeholders concerning the relaxing of the collection of additional fees for the annual financial reporting filings needed for the financial year ended 31/03/2020, it has been determined that no additional fees will be charged until 15/02/2021 for the filing of AOC-4, AOC-4 (CFS), AOC-4 XBRL and AOC-4 Non-XBRLs for the FY Ended on 31/03/2020. During that period, only the regular fees are payable for the filing of the above-mentioned E-forms at MCA Filling.
Rajput Jain & Associates provides an easy and online process for Entrepreneurs to file their annual return and income tax return along with financial statement and board meeting documents preparation. Talk to a Rajput Jain & Associates Advisor to know more and file an Annual Return for your company easily.
Also, read the related Blogs: Process of obtaining fresh DIN
|Annual Compliance Package for Private Limited Companies Starting|
Rajput Jain & Associates offers this unique package starting at an affordable price for the Chartered Accountants who are focused on taxation aspects rather than on secretarial compliances. This package is specifically offered to the Chartered Accountants who want to outsource the Annual Filing and other secretarial work of their clients. In today’s world, it is important to form partnerships in order to expand your reach and attract more clients. Outsourcing your secretarial functions to us will help you to free up time to focus on your core professional services.We help you meet all the necessary compliance so that you can focus on your core professional activities without worrying about any legal and secretarial hassles. We take care of your compliances and our scope of annual filing services include:
- Drafting secretarial documents including board report, minutes of AGM, Notices, etc.
- Providing necessary certifications where required.
- Filing of ROC returns i.e. AOC-4, MGT-7, and ADT-1.
What we require from your end:
- Certified Financial Statement of the Client Company.
- Certified Auditor Report.
- Any other information regarding the directorship, shareholding, charges or any other material information about the company.
Extension in Due Date of Filing ROC Returns on 30.12.2020 –
1) Audit under Income Tax Act 15.01.2021
2) Returns with Audit 15.02.2021
3) Other than Tax Audit Returns 10.01.2021
4) Vivad Se Vishwas 31.01.2021
4) Annual Return U/s 44 (CGST Act, 2017) 28.02.2021
To know more about the scope of service you can contact us on the Email Ids and Numbers given below. We look forward to serving you.For query or help, contact: firstname.lastname@example.org or call at 09811322785/4 9555 5555 480)
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