MCA further extends timelines for filing Forms for charge creation/modifications
Earlier MCA vide Circular No. 07/2021 dated 3rd May 2021 gave relaxations of time in filing forms for charges creation or modification where the date of creation/modification of charge was before 01.04.2021, but the timeline for filing such form had not expired as on 01.04.2021, or the date of creation/modification falls on any date between 01.04.2021 to 31.5.2021 (both dates inclusive).
MCA has further extended the timelines for filing forms for charge creation or modification. As per MCA latest circular No. 12/2021 dated 30th June 2021, the relaxation of time is as under:
a. In case a form is filed in respect of charge created/modified before 01.04.2021, but the timeline for filing such form had not expired under section 77 of the Act as on 01.04.2021, the period beginning from 01.04.2021 and ending on 31.07.2021 shall not be reckoned for the purpose of counting the number of days under section 77 or section 78 of the Act. In case, the form is not filed within such period, the first day after 31.03.2021 shall be reckoned as 01.08.2021 for the purpose of counting the number of days within which the form is required to be filed under section 77 or section 78 of the Act.
b. In case a form is filed in respect of charge created/modified on any date between 01.04.2021 to 31.5.2021 (both dates inclusive), the period beginning from the date of creation/modification of charge to 31.07.2021 shall not be reckoned for the purpose of counting of days under section 77 or section 78 of the Act. In case, the form is not filed within such period, the first day after the date of creation/modification of charge shall be reckoned as 01.08.2021 for the purpose of counting the number of days within which the Form is required to be filed under section 77 or section 78 of the Act.
Other conditions/requirements specified in the Circular No.07/2021 shall remain unchanged.
ITAT allowed increased exemption of Rs. 25 lakhs u/s 10(10A) to non-government employees in view of CBDT retrospective notification. In…
PCIT has revisionary jurisdiction u/s 263 over the cases irrespective of the fact that the relevant assessment was completed physical…
Appellate court interfering with Motor Accidents Claims Tribunal findings on assessment of disability and loss of earning capacity must undertake…
When period of delay is not very huge and involve huge monetary liability on the assessee, a lenient approach should…
Ratification by EoGM of the company can not give legality of the diversion of the fund raised by preferential issue.…
CBIC prescribes procedures for return of export cargo from international waters due to closure of the Strait of Hormuz where…