MCA provides relaxation on levy of additional fees in filing of certain forms under the Companies Act, 2013 and LLP Act, 2008

MCA through general circular grants additional time upto 31^st July 2021 for Companies and LLPs to file such forms other than form CHG 1, CHG 4 and CHG 9 which would be due for filing during 1^st April, 2021 to 31^st May, 2021 without any additional fees.

MCA further provides relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013.

This relaxation is applicable in respect of filing of form CHG 1 and Form CHG 9 by a company, where:

• the date of creation / modification of charge is before 01/04/2021 but the timeline for such filing is not expired as on 01/04/2021
• the due date falls on any date between 01/04/2021 to 31/05/2021.

The period beginning from 01/04/2021 and ending on 31/05/2021 shall not be reckoned for the purpose of counting the number of days. In case the forms are not filed within this period the first day after date of creation /modification shall be reckoned as 01/06/2021 for the purpose of counting the number of days.

The relaxations shall not apply inter alia in case –

(a) Forms CHG-1 and CHG-9 had already been filed before issuing the instant Circular,

(b) the timeline for filing the Form has already expired before April 1, and

(c) Form CHG-4 for satisfaction of charges.

MCA Vide another General Circular, allows companies to hold 2 consecutive Board Meetings with a gap of 180 days (instead of the statutory 120 days u/s 173 of Companies Act, 2013) during the 1st and 2nd Quarters of the Financial Year 2021-22.