THE INSTITUTE OF
Company Secretaries of India
IN PURSUIT OF PROFESSIONAL EXCELLENCE
Statutory body under an Act of Parliament
(Under the jurisdiction of Ministry of Corporate Affairs)
MCA: 2022 2022 | October 11, 2022
Shri Tarun Bajaj, IAS
Secretary
Ministry of Corporate Affairs &
Department of Revenue
Government of India
Shastri Bhawan
New Delhi -110001
Subject: Request for extension of time period for filing of financial statements and annual return for the financial year ended 31.03.2022 without levying additional fee – Reg.
Sir,
This has reference to the provisions of Section 137 and Section 92 of Companies Act, 2013 pertaining to filing of financial statements and Annual Returns with the Registrar within thirty days and sixty days respectively from the date of annual general meeting.
We wish to submit that various communications have been received from stakeholders requesting extension of last date for filing of annual forms citing following reasons:
- with the MCA notification no. G.S.R. 207(E) dated 24.03.2021 made effective from April 01, 2021 mandating round-off of the figures appearing in the Financial Statements but absolute figures required to be filed in Form AOC-4; it is taking extra time for preparation of two different sets of audited financial statements.
- the dates of filing financial statements and Annual Returns as well as Income Tax Returns (along with Audit reports) fall around the same period. The said dates coincide with the varied festivals celebrated across the length and breadth of the nation, during which corporates and professional workspaces are closed temporarily. Not only it is difficult for the professionals to meet the different sets of deadlines, but the lack of manpower and support staff add to the woes.
Considering the practical issues faced by the stakeholders, MCA has been granting extensions for annual filing during the past years as well, the details for last few years are as under:
| S. No. | Financial Year ending | Extension for AOC-4 | Extension for MGT-7 |
| 1. | 31.03.2021 | till 15.03.2022 | till 31.03.2022 |
| 2. | 31.03.2020 | till 15.02.2021 | – |
| 3. | 31.03.2019 | till 30.11.2019 | W131.12.2019 |
| 4. | 31.03.2018 | till 31.12.2018 | till 31.12.2018 |
| 5. | 31.03.2017 | till 28.11.2017 | – |
Considering the reasons stated above, we request you to kindly consider granting extension of time for filing of financial statements and annual return for the financial year ended 31.03.2022 up to 31st December, 2022 without levying additional fee.
We shall be pleased to provide any further information or clarification in this regard on hearing from your goodself.
Thanking You,
Yours faithfully,
(CS Asish Mohan)
Secretary
The ICSI
CC: Shri Manoj Pandey, Joint Secretary, MCA
