The one month extension, till 15th November, would allow companies to file their pending annual documents without attracting higher fees or fine and other penal action
The Ministry of Corporate Affairs (MCA) has extended the Company Law Settlement Scheme by one month to 15 November 2014. This would allow companies to file their pending annual documents without attracting higher fees or fine and other penal action.
“We are happy that this one month period would be of immense help for the members and the Corporates in filing their belated documents. Also, the defaulting companies which avail the scheme ,and file all belated documents, the provisions related to disqualification of directors u/s 164 (2) (a) shall apply only for prospective defaults, if any, by such companies,” said K Raghu, President, Institute of Chartered Accountants of India (ICAI).
Earlier, the MCA has mandated companies to file documents under the Company Law Settlement Scheme till 15th October.
After considering requests received from various stakeholders including the ICAI, the MCA has decided to extend the Company Law Settlement Scheme up to 15 November 2014.
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