1. Extension of time gap between two consecutive Board Meetings.
The requirement of holding meeting of the Board of the companies within the intervals provided in the section 173 of the Companies Act, 2013 (120 days) have been extended to 180 days for first two quarters of the FY 2021-22. Accordingly, the Gap between two consecutive Board meetings held between April 2021 to September 2021 have been extended to 180 days.
Additional fees on various forms due for filing during the period 01st April 2021 to 31st May 2021 under the Companies Act 2013 and LLP Act 2008 have been relaxed if they are filed on or before 31st July 2021i.e. only the normal fees will be applicable on them.
However, the above relaxation is not applicable for charge related forms i.e. CHG-1, CHG-4and CHG-9.
3. Relaxation of time limit for filing forms related to creation or modification of charge
Applicability: – The circular shall be applicable in respect of forms CHG-1 and form CHG-9 by a company where the date of modification/creation is: –
a. is before 01.04.2021 but the time limit of 120 days has not expired as on 01.04.2021 or
b. between 01.04.2021 to 31.05.2021
|Category||Relaxation of time||Relaxation of Fees|
|Charge created/modified prior to 01.04.2021 but the time limit of 120 days has not expired as on 01.04.2021||The period beginning from 01.04.2021 to 31.05.2021 shall not be counted for the purpose of 120 days i.e. 01.06.2021 shall be counted as the first day after 31.03.2021.||If the company files form till 31.05.2021 then fees applicable as on 31.03.2021shall be applicable.
If the form is filed after 31.05.2021 the June 01 shall be considered as the first date after 31.03.2021.
|Charge created /modified on any date between 01.04.2021 to 31.05.2021||The period beginning from the date of creation / modification of charge till 31.05.2021 shall not be reckoned for the purpose of counting of no days. First day after the date of creation / modification of charge shall be reckoned as 01.06.2021.||If the form is filed before 31.05.2021 then normal fees shall be payable. If the form is filed after 31.05.2021 then 01.06.2021 shall be reckoned as the first day from the date of creation or modification of charge.|