The ministry of corporate affairs (MCA) has extended the relaxation on the timelines of various compliances and the waiver of late fees on various filings under the Companies Act and the LLP Act by up to two months.
The ministry had in May provided the relaxations up to July 31, on account of the disruptions caused by the second wave of Covid-19.
“On account of requests for further extension of timelines… it has been decided to grant additional time up to 31st August 2021 to companies/LLPs to file forms under the Companies Act, 2013/LLP Act 2008, which were/are due for filing during 1st April 2021 to 31st July 2021 without any additional fees,” the MCA said in circular on Wednesday.
The relaxation of charge-related timelines have also been extended to cover cases where the creation or modification of the charge falls between April 1 and July 31, or where the due date for filing charge-related forms falls between those dates.
The later date in the mentioned range earlier fell on May 31.
Under the Companies Act, firms have to register a charge with the Registrar within 30 days of its creation.
In a letter on Friday, the Institute of Company Secretaries of India had sought the relaxations from the ministry as the country was still under the recovery phase and firms were finding it difficult to work with full capacity.
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