The Ministry of Corporate Affairs (MCA) on October 30, 2024, declared an extension period for the filing of financial statements by Producer companies.
As per the amended norms, the producer companies are mandated to provide their financial statements within 60 days of their annual general meeting (AGM) date. The same revision has extended the previous 30-day filing deadline to 60 days, following section 378ZA(10) of the Companies Act, 2013.
The Ministry of Corporate Affairs (MCA) validated that adjustments to the AOC-4 filing forms incorporating the updated fee logic are anticipated to go live in the following week. The same amendment will permit the producer companies to file their documents in a 60-day window at the nominal fee rate compared to the incurring late fees.
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MCA Notification Details
“Stakeholders may please note that Financial Statements of Producer Companies shall be required to file with the Registrar within sixty days of the date on which the annual general meeting is held as per section 378ZA(10) of the Companies Act, 2013. It is hereby informed that additional fee logic changes in AOC-4 forms are likely to be deployed in the next week to enable filing within 60 days with Normal fee instead of 30 days. Stakeholders may kindly note and plan accordingly”.
