ROC COMPLIANCE CALENDAR FOR THE MONTH OF OCTOBER 2021 & RECENT UPDATES

1. MCA extends due date for AGMs by two months 

Companies get till end November to hold AGM for financial year 2020-21 In what could come as some respite for companies, especially small and medium ones, the Ministry of Corporate Affairs (MCA) has extended the due date for holding annual general meetings (AGMs) for the financial year 2020-21 by two months. This extension would mean that companies now have time till the end of November 2021 to hold the AGM. Under company law, corporates are required to hold AGM within six months from the date of completion of financial year – i.e September 30. This latest MCA move comes in the wake of representations received by the Ministry seeking extension of time for holding of AGM for FY21.

2. Government extends tenure of Company Law Committee by one year till Sept 2022

The government has extended by one year the tenure of the Company Law Committee, which was constituted back in 2019. The tenure of the panel, which was set up by the corporate affairs ministry in September 2019, was extended last year also. The committee has the mandate for examining and making recommendations to the government on various issues related to implementation of the Companies Act and the Limited Liability Partnership Act. The committee was constituted as part of the government’s efforts to promote ease of living by providing ease of doing business to law abiding corporates, to foster improved corporate compliance for stakeholders at large and to address emerging issues having an impact on the working of companies.

COMPLIANCE CALENDAR

I. Due Dates of ROC Returns Filings:

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