Company Compliance FY 2021-2022

Company Compliance FY 2021-2022 – Companies and Limited Liability Partnerships (LLPs) should proceed cautiously and comply with the enforcement deadlines. If companies or limited liability partnerships (LLPs) refuse to comply with the rules, they will face heavy fines. As a result, companies and limited liability partnerships (LLPs) should remember to comply with Annual Filing requirements on an annual basis.

The following are the Annual Filing enforcement timeline for daily and annual filings in the year 2021:

1. ROC ANNUAL FILING

Every year, within 30 days and 60 days of the end of the Annual General Meeting, every company registered in India must file its annual reports and annual returns with the ROC.

It is important that users submit all of their ROC Compliance forms within the MCA’s timeline. The fines for not filing annual reports are high. All fines are in addition to MCA’s regular fees, and there is no way to reduce the penalties.

Company Annual Filing Deadlines for the Month of April 2021

The date for filing Form MSME-1 (MSME Half-Year Returns) is April 30, 2021.

  • Any company that has a payment for MSME companies that has been pending for more than 45 days should file Form MSME 1.
  • For unpaid payments to Micro or Small Enterprises, all MSMEs should file a half-yearly return with the registrar. 
  • The deadline will be April 30, 2021, for the term October 2020 to March 2021.

The ROC Annual Filing for the Month of May 2021 is due on the following dates.

  • Form PAS-6 is due on May 30, 2021 (for the half-year ended on March 31, 2021 – for all unlisted and deemed public companies).
  • The unlisted public company must apply Form PAS-6, a ‘Reconciliation of Share Capital Audit Report,’ on a half-yearly basis.
  • MCA has already prescribed the PAS 6 format.

Company Annual Filing Deadlines for the Month of June 2021

  • Form CFSS 2020 is due on June 30, 2021.
  • Form CFSS-2020 will be used to apply for an immunity certificate under the Companies Fresh Start Scheme, 2020.
  • The deadline for submitting Form CFSS-2020 to obtain an immunity certificate is June 30, 2021.

Form DPT 3 is due on June 30, 2021.

  • Form DPT-3 is an annual return of deposits that must be filed by companies with any amount of loan or advance as of March 31st.
  • Within 90 days of the end of the fiscal year, submit Form DPT 3. As a result, the deadline for submitting Form DPT 3 is June 30, 2021.

The ROC Annual Filing for the Month of July 2021 will due on the following dates.

  • The deadline for filing the FLA Return is July 15, 2021.
  • Foreign Liabilities and Assets Annual Return is a form that must be filed with the RBI every year.
  • For the fiscal year ending on March 31, 2021, the due date will July 15, 2021.

The Company Annual Filing for the Month of September 2021 will due on the following dates.

  • DIR 3 KYC The deadline is September 30, 2021. (Due date from the Financial year 2019-20 onwards)
  • The deadline for submitting Form DIR 3 KYC for the Financial Year 2020-21 is September 30, 2021.
  • Any person who has been assigned a DIN on or before the end of the financial year and whose DIN status is “Approved” is required to file form DIR-3 KYC by September 30th of the following financial year.

The ROC Annual Filing for the Month of October 2021 will due on the following dates.

  • ADT-1 is due on October 14, 2021.
  • After the AGM, a company submits Form ADT-1 to the ROC to notify ROC of the auditor’s appointment.
  • Within 15 days of the end of the AGM at which the auditor is appointed, Form ADT-1 must be filed.

The due date for the AOC is October 29, 2021.

  • The E-Form AOC 4 is the MCA form for filing financial statements.
  • The period for AOC 4 XBRL will be the same, which means that the due date for AOC 4 XBRL will still be 29.10.2021.

Form MGT is due on the 15th of October, 2019. 

  • MGT 15 is required to be filed by all listed companies.
  • MGT 15 is the filing of the Annual General Meeting Report.

MGT 14 deadline of October 29, 2021. (If the AGM was held on 30.09.2021 and any resolution was passed therein)

  • Whenever a board meeting passes a resolution, it becomes mandatory to file the resolution with the ROC in form MGT 14.
  • Filing of Special resolution/Ordinary Resolution with MCA regarding Board Report and Annual Accounts is to be done in MGT 14.

The deadline for filing Form MSME-1 (MSME Half-Year Returns) would be October 31, 2021.

  • Any company that has a payment for MSME companies that has been pending for more than 45 days must file Form MSME 1.
  • For unpaid payments to Micro or Small Enterprises, all MSMEs should file a half-yearly return with the registrar.
  • The deadline will be 31 March 2021 for the months of April and September 2021.

The ROC Annual Filing for the Month of November 2021 will due on the following dates.

  • The deadline for submitting Form MGT 7 is November 28, 2021.
  • Every year, all companies registered in India shall file Form MGT-7.
  • It is an electronic form issued by the Ministry of Affairs to all companies for the purpose of filling out their annual return details.
  • MGT-7 must be filed within 60 days of the date of the Annual General Meeting.
  • The due date for submitting ROC Form MGT 7 for the Financial Year 2021-22 is November 28, 2021. (If the day of the AGM is taken into account)

Form PAS-6 is due on November 29, 2021 (for the half-year ending September 30, 2021 – for all unlisted and deemed public companies).

  • The unlisted public company must apply Form PAS-6, a “Reconciliation of Share Capital Audit Report,” twice a year on a half-yearly basis.

2. COMPANIES’ IT RETURN DUE DATES

  • The due date for IT Returns for businesses that do not need their books of account audited would be July 31, 2021.
  • The due date for ITR reporting for businesses who need their books of account audited would be September 30, 2021.
MONTHNAME OF THE E-FORMDUE DATE FOR F.Y. 2021-2022APPLICABLE REMARKS
APRIL 2021MSME Half-yearly returns30.04.2021All MSMEsFor the period of October 2020 to March 2021
MAY 2021Form PAS-630.05.2021 (for the half-year ending on 31.03.2021)Unlisted Public CompaniesReconciliation of Share Capital Audit report on a half-yearly basis  
JUNE 2021Form CFSS 202030.06.2021All the Companies that have opted immunity under CFSS 2020 Scheme.Form to be filed for immunity Certificate
Form DPT330.06.2021This form must be completed for all companies.Return of Deposit
JULY 2021FLA Return15.07.2021Annual Return on Foreign Liabilities and AssetsAnnual Return to RBI
TDS Return (Quater 1)31.07.2021Organizations and employers who deduct taxes, and salaried individuals whose salaries are taxedTDS Return for 1st Quarter
ITR Filing(Non-Audit cases)31.07.2021For businesses that don’t need to be audited.Income Tax Return filing for Companies
SEPTEMBER 2021DIR 3 KYC30.09.2021Due date from the Financial year 2019-20 onwardsAny person with a DIN number must comply.
ITR Filing (Audit Cases)30.09.2021For companies who need to be auditedFiling of Income Tax Returns for Companies
OCTOBER 2021Form ADT-1 14.10.2021Public & Private Limited CompaniesIf the AGM is held on September 30, 2021,
Form AOC 429.10.2021All companies listed on the SE of India with a capital of 5 crore rupees and a turnover of 100 crore rupeesIf the AGM is held on September 30, 2021,
Form MGT 1530.10.2021Listed CompaniesAnnual General Meeting Report
Form MGT 1429.10.2021All the Listed CompaniesIf the Annual General Meeting takes place on September 30, 2021,
MSME Half Yearly Returns31.10.2021All MSMEsFrom April to September in the year 2021
TDS Return (Quarter 2)31.10.2021Organizations and employers who deduct taxes, as well as salaried individuals whose salaries are taxedReturn on TDS for the 2nd Quarter
NOVEMBER 2021Form MGT 7 28.11.2021All companies are required to be licensed.If the AGM is held on September 30, 2021,
Form PAS 629.11.2021Unlisted Public CompaniesOn a half-yearly basis, the Share Capital Audit Report is reconciled.

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