As the financial year 2023-24 draws to a close, it is time for companies to ensure that all required annual compliances are completed in a timely manner. This article highlights the key compliance requirements and deadlines that need your immediate attention.
Key Compliance Deadlines and Requirements
The last date for conducting the Annual General Meeting (AGM) for the financial year 2023-24 is approaching, with a deadline of 30th September 2024. To ensure compliance with the Companies Act, it is essential to schedule and conduct a Board Meeting with the following key agenda items:
1. Approval of Financial Statements: The financial statements for the year ending 31st March 2024 must be approved.
2. Directors’ KYC Compliance: All Directors are required to complete their KYC on or before 30th September 2024.
3. Calling of the Annual General Meeting: The AGM needs to be called in accordance with the relevant provisions.
4. Regularization of Director: Regularization of directors retiring by rotation and the change of designation from additional to director.
Please arrange a schedule for conducting the Board Meeting to address the above agenda items. It is crucial to ensure compliance with all prerequisites before calling the meeting.
Important Filing Deadlines with the Registrar of Companies (ROC)
Below is a summary of the key due dates for general ROC filings for the financial year 2023-24:
| Event | Deadline | Fine | Remarks |
| Approval of Financial Statements | 5th September 2024 | – | If not completed by the deadline, the meeting may need to be called at shorter notice with 95% consent of shareholders before 30th September 2024. |
| Conduction of AGM | 30th September 2024 | – | – |
| Filing of AOC-4 | 29th October 2024 | Rs 100/- per day | – |
| Filing of MGT-7 | 28th November 2024 | Rs 100/- per day | – |
| Filing of DIR-3 KYC | 30th September 2024 | Rs 5000/- | – |
Call to Action
We urge you to take prompt action to adhere to the above due dates and ensure full compliance with the relevant regulations. Timely execution of these tasks is critical to avoid any penalties and maintain the company’s good standing.
For any assistance or further information, please feel free to reach out.
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Disclaimer: The entire contents of this article have been prepared based on relevant provisions and as per the information existing at the time of the preparation. Although utmost care has been taken to ensure the accuracy, completeness, and reliability of the information provided, I assume no responsibility, therefore. Users of this information are expected to refer to the relevant existing provisions of applicable Laws. The user of the information agrees that the information is not a piece of professional advice and is subject to change without notice. I assume no responsibility for the consequences of the use of such information.
{The author i.e., Ms. Chinki Singhal is a Company Secretary in Practice at M/s Chinki Singhal and Associates and can be reached at (M) +91-9050320565 and (E) [email protected] and [email protected]}
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