Companies must file their Annual Return (Form MGT-7) within 60 days from the date of the AGM and Financial Statements (Form AOC-4) within 30 days. Late filing attracts a penalty of ₹100 per day per form.
Compliance strictly dictates that active corporate entities must close their secretarial books successfully post their Annual General Meeting (AGM). Financial statements (AOC-4) are due within 30 days post-AGM, and the comprehensive Annual Return (MGT-7) forms within 60 days. The portal's automatic penalty mapping means a standard ₹100 per day late fee will be levied seamlessly without standard human waivers, emphasizing the crucial need for timely statutory audits and filings.
Impact and Action Required
Given the rapidly evolving regulatory landscape, this update may significantly impact your standard compliance flows. Our analysts recommend immediately verifying your internal accounts against the new standards. Reach out to our specialized advisory desk for a custom consultation regarding this change.
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