Updates under MCA as on 4th May 2021

Relaxation of time for filing certain forms under the Companies Act, 2013.

It has been decided to grant additional time up to 31st July 2021 for companies/LLP to file the form (other than Form  CHG-1 , CHG-4 and CHG-9 )  without any additional fees.
No additional fees shall be levied upto 31st July 2021 for the delayed forms (other than charge related forms) which were/would be due for filing during 1st April 2021 to 31st May 2021.

Relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013.

This is applicable in respect of filing of forms CHG-1 and CHG-9 by a company or charge holder where the date of creation /modification of charge 
a is before 1st April 2021 and but time for filing such form had not expired under section 77  of the act as on 1st April 2021 or b falls  any date between 1st April 2021 to 31st May 2021 (both date inclusive) 

Gap between two board meetings under section 173 of the Companies Act, 2013  

The requirement of holding meetings of the board  of the companies within the  intervals provided in section 173 of the Companies Act  2013 (120 days) stands extended by a period of 60 days for the first two quarters of financial year 2021-2022. The gap between two consecutive meetings of the board may extend to 180 days during the quarter April to June 2021 and quarter july to september 2021 instead of 120 days as required in  the Companies Act 2013 

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