"CS Divesh Goyal is Fellow Member of the Institute of Companies Secretaries and Practicing Company Secretary in Delhi and Steering Voice in the Corporate World. He is a competent professional having enrich post qualification experience of a decade with expertise in Corporate Law, FEMA, IBC, SEBI, RBI. He is having office in Delhi, Gurgaon and Mumbai. He is having expertise in the filed of Adjudication of Penalties, Opinion Writing, Mergers & amalgamation, NBFC Registrations, FCRA Registrations, NCLT hearings, Corporate Restructuring, FEMA, Foreign Companies/ Branch Office Incorporation and other Corporate Law Compliances. Being a researcher at heart, he has done meticulous research and has penned various articles on the Companies Act, 2013 to keep at pace with the latest changes and critically dissect the implications of various provisions of the new Act and co-authored the Company Law Premiere Book published by the Institute of Company Secretaries of India. He has also added a lot to the issuance of various Guidance Notes by ICSI. He was a member of the Various Committees of ICSI."
MCAs CCFS-2026 allows companies to regularize overdue annual filings by paying only 10% of additional fees while providing immunity from penalties under Sections 92 and 137.
Companies can hold delayed AGMs now and file pending AOC-4 and MGT-7 under the CCFSS Scheme, but the delay still amounts to default under Section 96 and may require compounding.
ICAI rules restrict UDIN generation beyond 60 days of signing, making backdated financial statements invalid. Companies should prepare statements now, sign with the current date, and file pending returns under the CCFS Scheme.
The Companies Act mandates that companies obtain Regional Director approval and pass a special resolution before removing an auditor. Non-compliance may invalidate the removal.
The law requires companies seeking to change their financial year to obtain approval from the Regional Director under Section 2(41). The change becomes effective only after filing the order with the Registrar.
Companies registered as dormant must convert to active status if they begin business operations. The law requires filing Form MSC-4 and obtaining ROC approval.
MCA now displays Small Company status directly in Company Master Data. The key takeaway is reduced ambiguity and faster compliance decisions—provided underlying financial data is accurate.
The 2025 amendment raises the thresholds for small companies, allowing more private firms to benefit from reduced regulatory requirements and simplified reporting.
Filing requirements are based on company status as on 31 March 2025, not the revised definition taking effect later. Companies crossing ₹4 crore capital or ₹40 crore turnover must file MGT-7.
Companies falling under revised small company thresholds can choose whether to maintain dematerialization compliance. Non-filing of PAS-6 is legally acceptable.
