Relaxations given by MCA
On account of difficulties arising due to resurgence of Covid-19 pandemic, Ministry of Corporate Affairs has issued various circulars dated 03rd May, 2021 by providing relaxations in the following:
The Ministry has issued Circular 06/2021 and 07/2021 allowing stakeholders to file various forms (other than a CHG-1, CHG-4 and CHG-9 form) due for filing during the period from 01/04/2021 to 31/05/2021 without additional fees till 31st July, 2021.
Central Government on request of Ministry has allowed relaxation of time and condone the delay in filing forms related to creation/modification of charges.
Relaxation is given in respect of filing of Form CHG-1 and CHG-9 by the company or a charge holder , where date of creation or modification of charge is
then the first day after the date of creation/modification of charge shall be consider as 01.06.2021 for the purpose of counting the number of days within which the form is required to be filed.
Fees applicable in this regard :
If the form is filed on or before 31.05.2021, the fees payable as on 31.03.2021 shall be charged, if the form is filed thereafter, the days will be counted by adding the number of days beginning from 01.06.2021 and ending of the date of filing plus time period lapsed from the date of creation of charge till 31.03.2021.
If the form is filed before 31.05.2021, the normal fees will be applicable and if form is filed thereafter, the period will be counted from the date 01.06.2021 till the date of filing of form for the purpose of calculation of fees.
This relaxation is not applicable to following:
MCA has extended the interval between two board meetings by a period of 60 days for first two quarters of Financial Year 2021-22. Earlier the gap between two subsequent board meetings was 120 days but now it has been extended for further 60 days (i.e 120 days + 60days =180 days) during the Quarters April to June, 2021 and July to September, 2021.