MCA Extends Annual Return Filing Deadline for FY 2024-25

The Ministry of Corporate Affairs (MCA) has announced an extension of the due date for the filing of annual statutory returns under the Companies Act, 2013, for the Financial Year (FY) 2024-25.

Key Details of the Extension

Forms Covered: The extension typically applies to forms like MGT-7/7A (Annual Return) and AOC-4/CFS/XBRL (Financial Statements/Consolidated Financial Statements).
Original Deadline: The original due date for filing these returns, which follows the conclusion of a company’s Annual General Meeting (AGM), is generally October 30th.
New Deadline (Implied): While the article confirms an extension, the specific new date is often provided in the official notification. Extensions are generally granted to provide relief to companies and professionals from compliance pressures, especially during busy periods or following system changes.
Relief to Stakeholders: This move provides significant relief to companies, directors, and practicing professionals (Chartered Accountants, Company Secretaries) by granting them additional time to finalize the statutory audits and compile the detailed annual filings without incurring steep late filing fees.

Context

The extension is a standard practice by the MCA in response to representations from industry bodies, often citing technical difficulties on the portal or the need for more time to process voluminous audit data.

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