Company Compliance Forms List For F.Y. 2020-21

As a Financial Year end is approaching on 31^st March, 2021. A company management is required to make sure to comply various compliances on time from 1^st April, 2021.

The Companies Act 2013 read with relevant rules governs various provisions which a company is required to comply. And omitting to file any of mandatory compliance will lead to levy of heavy penalty/fees on company as well as Officer in defaults. Here, I have prepared a compiled list of mandatory compliances to be done by company after 1^st April, 2021.

1) E-form MSME FORM I

Applicability: All companies, who get supplies of goods or services from micro and small enterprises and whose payments to micro and small enterprise suppliers exceed forty-five (45) days from the date of acceptance or the date of deemed acceptance of the goods or services.

Due date for filing: By 31^st October for the period from April to September and by 30th April for the period from October to March.

Penalty for Non-Compliance: the company and every officer of the company who is in default shall be liable to a penalty of twenty thousand rupees and in case of continuing failure, with a further penalty of one thousand rupees for each day after the first during which such failure continues, subject to a maximum of three lakh rupees.

2) E-FORM DIR-3 KYC

Applicability: Every individual who has been allotted a Director Identification Number (DIN) as on 31st march of a financial year.

Due date for filing: It required to filled on or before 30th April of immediate next financial year. For example, the Directors having DIN on or before 31^st March, 2021 are required to file DIR-3 KYC on or before 30^th April, 2021.

Penalty for Non-Compliance: 1) The DIN shall be inactive and the DIN holder will not eligible to appoint or resign in/from any company.

2) After 30^th April, the penalty for filing DIR-3 KYC will be flat INR Five thousand 5000/-.

3) E-FORM DPT-3

Applicability: 1) Annual return of Deposits by Companies who have accepted deposits.

2) Annual return particulars of transaction not considered as deposit or both by every company other than Government company.

Due date for filing: It required to filled on or before the 30th day of June, of every year, file with the Registrar.

Penalty for Non-Compliance: Every officer of the company who is in default shall be punishable with imprisonment which may extend to seven years and with fine which shall not be less than twenty-five lakh rupees but which may extend to two crore rupees.

4) E-FORM AOC-4

Applicability: Form for filing financial statement and other documents with the Registrar for Previous Financial Year ended.

Due date for filing: It required to filled within thirty (30) days from the Date of Annual General Meeting (AGM), of every year, file with the Registrar.

Penalty for Non-Compliance: 1) The Company is required to Pay additional duty of INR Hundred (100/-) per days after the expiry of Thirty (30) days from the Date of Annual General Meeting (AGM).

2) The managing director and the Chief Financial Officer of the company, if any, and, in the absence of the managing director and the Chief Financial Officer, any other director who is charged by the Board with the responsibility of complying with the provisions of this section, and, in the absence of any such director, all the directors of the company, shall be liable to a penalty of ten thousand rupees and in case of continuing failure, with further penalty of one hundred rupees for each day after the first during which such failure continues, subject to a maximum of fifty thousand rupees.

5) E-FORM MGT-7

Applicability: Form for filing annual return by every company.

Due date for filing: It required to filled within sixty (60) days from the Date of Annual General Meeting (AGM), of every year, file with the Registrar.

Penalty for Non-Compliance: 1) The Company is required to Pay additional duty of INR Hundred (100/-) per days after the expiry of Sixty (60) days from the Date of Annual General Meeting (AGM).

2) If any company fails to file its annual return before the expiry of the period such company and its every officer who is in default shall be liable to a penalty of ten thousand rupees and in case of continuing failure, with further penalty of one hundred rupees for each day during which such failure continues, subject to a maximum of two lakh rupees in case of a company and fifty thousand rupees in case of an officer who is in default.

*****

Disclaimer: – The above article is prepared keeping in mind all the important and basic question as well as provision of the Companies Act, 2013 and rules thereunder and amendment which comes in mind of a professional or other stakeholder for mandatory compliance to be done by company after the Financial Year ended 31^st march, 2021. The author has tried to cover all the important and basic question. Under no circumstance, the author shall not liable for any direct, indirect, special or incidental damage resulting from, arising out of or in connection with the use of the information.

(The Author is Corporate Consultant and provides varied array of services including Start-ups mentor, Secretarial, Legal, Trademark, taxation, Audit, GST, Book keeping and other ancillary advisory service in Delhi, Chandigarh as well as The National Capital Region (NCR) and can be contacted through email id:- [email protected] and Contact Number: 91-8178515005)