XBRL Filing Due Dates with MCA for FY 2019-20 | CA Portal

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XBRL Filing Due Dates with MCA for FY 2019-20

XBRL Filing Due Dates

According to the recommendations on Ministry of Corporate Affairs portal, the XBRL filing for financial years starting from or after 01.04.2014 is necessary to be furnished via the updated C&I taxonomy. It is the responsibility of stakeholders to verify by themselves about to use only the latest taxonomy ahead of furnishing AOC-4 XBRL.

A new version of MCA XBRL Validation Tool V3.0.6 is out and CSR reporting Business Rules concerning to the XBRL C&I taxonomy 2016 has amended, so it will be better to be attentive while furnishing AOC-4 XBRL Validation Tool V3.0.6.

XBRL Return Software

XBRL Filing Due Dates for FY 2019-20

Name of E-formPurpose of E-formDue date of FilingDue date for FY 2019-20
Form AOC-4 (XBRL)Filing of Annual Accounts in XBRL mode30 days from the conclusion of the AGM30 days from the conclusion of the AGM | As Per Official Press Release
Form AOC-4 (XBRL) for IND AS based Financial StatementFiling of Annual Accounts based on Indian Accounting Standard in XBRL mode30 days from the conclusion of the AGM30 days from the conclusion of the AGM | As Per Official Press Release
Form CRA-4Filing of Cost Audit Report30 days from the receipt of Cost Audit Report30 days from the
receipt of Cost
Audit Report | Check Updates
Form AOC-4 (NBFC)
IND and Form AOC-4
Filing of Annual Accounts based on
Indian Accounting Standard for
Non-Banking financial institutions
30 days from the conclusion of the
30 days from the conclusion of the AGM | As Per Official Press Release

Company law Relevant Differences Due to COVID-19 by Govt. of India

  • “Relaxation of additional fees and extension of last date of filing of CRA-4 (form for filing of cost audit report) for FY 2019-20 under the Companies Act, 2013”. Read circular no. 29/2020
  • A huge relief has given to the companies by the MCA department. The government has revised the timeline for holding Annual General Meeting till 31st December from 30th September. Read Official Press Release
    • “Here is the clarification for the same as the last date of conducting the AGM (Annual General meeting) is not 31.12.2020 for every company it depends on the due date of the Annual General meeting of each company”. Read more
  • “Clarification on Extension of Annual General Meeting (AGM) for the financial year ended 31.03.2020, Companies Act, 2013” Read Circular
  • “No additional fees shall be charged for late filing during a moratorium period from 01st April to 30th September 2020, in respect of any document, return, statement etc., required to be filed in the MCA-21 Registry, irrespective of its due date, which will not only reduce the compliance burden, including financial burden of companies/ LLPs at large, but also enable long-standing non-compliant companies/LLPs to make a ‘fresh start’;”
  • “The mandatory requirement of holding meetings of the Board of the companies within prescribed interval provided in the Companies Act (120 days), 2013, shall be extended by a period of 60 days till next two quarters i.e., till 30th September;”
  • “Applicability of Companies (Auditor’s Report) Order, 2020 shall be made applicable from the financial year 2020-2021 instead of from 2019-2020 notified earlier. This will significantly ease the burden on companies & their auditors for the year 2019-20.”
  • “As per Schedule 4 to the Companies Act, 2013, Independent Directors are required to hold at least one meeting without the attendance of non-independent directors and members of management. For the year 2019-20, if the IDs of a company have not been able to hold even one meeting, the same shall not be viewed as a violation.”
  • “The requirement to create a Deposit reserve of 20% of deposits maturing during the financial year 2020-21 before 30th April 2020 shall be allowed to be complied with till 30th June 2020.”
  • “The requirement to invest 15% of debentures maturing during a particular year in specified instruments before 30th April 2020, maybe done so before 30th June 2020.”
  • “Newly incorporated companies are required to file a declaration for Commencement of Business within 6 months of incorporation. An additional time of 6 more months shall be allowed.”
  • “Non-compliance of minimum residency in India for a period of at least 182 days by at least one director of every company, under Section 149 of the Companies Act, shall not be treated as a violation.”
  • “Due to the emerging financial distress faced by most companies on account of the large-scale economic distress caused by COVID-19, it has been decided to raise the threshold of default under section 4 of the IBC 2016 to Rs. 1 crore (from the existing threshold of Rs 1 lakh). This will by and large prevent triggering of insolvency proceedings against MSMEs. If the current situation continues beyond 30th of April 2020, we may consider suspending sections 7, 9 and 10 of the IBC 2016 for a period of 6 months
    so as to stop companies at large from being forced into insolvency proceedings in such force majeure causes of default.”
  • “Detailed notifications/circulars in this regard shall be issued by the Ministry of Corporate Affairs separately”

Latest Update : Also the MCA has extended the due date for filing of e-forms AOC-4, AOC-4 (CFS) AOC-4 XBRL and MGT-7 till 30th June 2020 for all the companies in UT of Jammu & Kashmir and UT of Ladakh without any penalty through general circular no.09/2020.

The Additional Late Fee Penalty:

NOTE: Additional Fee for E-form AOC-4 (XBRL and Non-XBRL) and E-form MGT-7 after the due date is  INR 100 per day with effect from 1st July 2018.

For Other Documents, Files & Forms Etc

Period of DelaysFees
Up to 30 days2 times of normal fees
More than 30 days and up to 60 days4 times of normal fees
More than 60 days and up to 90 days6 times of normal fees
More than 90 days and up to 180 days10 times of normal fees
More than 180 days and up to 270 days12 times of normal fees
MCA/ROC Return Filing Software

Watch The Complete Demo For Gen XBRL Filing Software

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