Avail 20% discount on updated CA lectures for Dec 21 .Use Code RESULT20 !! Call : 088803-20003

ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Sourav

Sourav (Student)     19 September 2021

Not extended till now
CMA Poornima Madhava

CMA Poornima Madhava (CMA)     19 September 2021

It could be extended

Pushkaraj Prashant Nandedkar

Pushkaraj Prashant Nandedkar (Articled Assistant)     19 September 2021

Thank you madam.
Pratik Shah

Pratik Shah (Practising Company Secretary)     20 September 2021

It will never be extended. They have already relaxed udin rules.

Samiran Mukherjee

Samiran Mukherjee (Cost Accountant)     21 September 2021

RELAXATION OF UDIN RULE IS DONE BY ICAI BUT AGM DUE DATE EXTENSION, IF ANY, IS DONE BY MCA.. RIGHT ?
SO, THERE IS CERTAINLY NO CORELATIVITY BETWEEN THESE TWO. MERELY BECAUSE UDIN GOT RELAXED BY ICAI DOES NOT ALLOW TO "PREDICT" THAT AGM DUE DATE WOULD NOT BE EXTENDED BY MCA SINCE UDIN RULE GOT RELAXED.
Pratik Shah

Pratik Shah (Practising Company Secretary)     21 September 2021

Both things are interlinked and there is always a reason why extension is given. Since Income Tax Audit filing is extended, the financials will be prepared after 30th September. But last date of AGM is still 30th September, 2021, hence they can not put date before the date of AGM as they only have 15days of time for UDIN generation.

 

This issues can be solved by two ways.

1. If they extend UDIN relaxation (which they have done), even if Audit is completed after 30th Sep, they can still put a date of Balancesheet before 30th Sep (i.e. date of AGM)

2. by Extending AGM

 

For MCA, it is easier to given instruction to ICAI to relax UDIN requirements than to extend AGM as AGM has impact on many provisions. MCA will always go for easier option. 

 

AGM has never been extended except in 2020 because of pandemic. Trust me, they will never extend AGM. However, if they does, then best for us.

1 Like
Samiran Mukherjee

Samiran Mukherjee (Cost Accountant)     21 September 2021

Well, it is nothing but an " Andaz" you developed.. right ?
But you can not say that it is fact.
Pratik Shah

Pratik Shah (Practising Company Secretary)     21 September 2021

It's my opinion based on Facts. No one knows the future, everyone predicts it or provides opinion based on some facts.

I have never said that it is a fact.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Start a New Discussion

Popular Discussion


view more »







Subscribe to the latest topics :
Search Forum:

Trending Tags