The Ministry of Corporate Affairs has given more time to companies from Tamil Nadu and Puducherry to submit annual returns as both the territories were hit hard by heavy rains and floods late last year.
These entities can now submit their annual returns and financial statements till January 30. The deadline for making these submissions had ended on December 30.
Tamil Nadu and Puducherry were devastated by heavy rains and floods in late November and December last year.
In a recent circular, the Ministry said it has been decided to relax the "additional fee payable for the state of Tamil Nadu and union territory of Puducherry on e-forms AOC-4, AOC (CFS) AOC-4 XBRL and e-form MGT-7 up to January 30, 2016, wherever additional fee is applicable".
The relaxation has been given after taking into consideration requests received from various stakeholders that "normal life/work" was affected by heavy rains and floods in Tamil Nadu and Puducherry, according to the circular.
Under the Companies Act, 2013, forms AOC-4, AOC-4 XBRL are for filing of financial statements while MGT-7 pertains to submitting annual returns to the Ministry.
Every company is required to prepare its annual return in the MGT-7 form.
This form is to be used for financial years ending after April 1, 2014 - the day when most provisions of the new companies law came into effect.
The Companies Act, 2013, is implemented by the Corporate Affairs Ministry.
