ICSI requests for extension of time for filing of financial statements for FY ended 31st March 2022 without levying additional fee



Quick Summary
The Institute of Company Secretaries of India (ICSI) has formally requested an extension for filing financial statements for the financial year ending 31st March 2022. They are seeking an extension until 31st December 2022, without any additional fees being levied. This request is due to several challenges faced by professionals and companies.

MCA: 2022 | October 31, 2022 Shri Manoj Govil, IAS Secretary Ministry of Corporate Affairs Government of India Shastri Bhawan New Delhi - 110 001 Subject: Request for extension of time period for filing of financial statements for the financial year ended 31.03.2022 without levying additio
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FAQ :

ICSI is requesting an extension of time for filing financial statements for the financial year ended 31st March 2022, until 31st December 2022, without any additional fees.

The request is due to technical difficulties with the MCA portal, the mandatory rounding off of figures in financial statements, and the overlap of the filing deadline with major festivals.

Professionals have faced problems with portal login ('gateway time out'), uploading forms, payment gateway issues, system overload messages, and registering Digital Signatures (DSC).

The MCA notification mandating round-off of figures in financial statements, while requiring absolute figures in Form AOC-4, is causing extra time for preparation and filing, including XBRL filings.

Yes, the Central Board of Direct Taxes (CBDT) granted a 7-day extension for filing audit reports for Assessment Year 2022-23, acknowledging difficulties faced by taxpayers.

ICSI made previous representations on October 11, 2022, and October 21, 2022.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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