MCA clarifies that there is no change in the additional fee logic of eForm MGT-7 and AoC-4/AOC-4 XBRL/AOC-4 CFS/AOC-4 NBFC for the FY 2019-20 w.e.f 01 January 2021



Quick Summary
The Ministry of Corporate Affairs (MCA) has clarified that the additional fee calculation logic for eForms MGT-7 and AOC-4 (including its variants) for the financial year 2019-20 remains unchanged from 1 January 2021. This is because the extension granted was for holding the Annual General Meeting (AGM), not for filing the forms themselves. Consequently, the due date for form filing will be based on the actual AGM date or its extended due date.

The Ministry of Corporate Affairs has clarified that there will be no change in the additional fee logic eForm MGT-7 and AoC-4/AOC-4 XBRL/AOC-4 CFS/AOC-4 NBFC for the FY 2019-20 w.e.f 01 January 2021,since the extension was provided to all the companies for conducting AGM and not for filing the form
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FAQ :

No, the Ministry of Corporate Affairs (MCA) has clarified that there is no change in the additional fee logic for eForm MGT-7 and AOC-4/AOC-4 XBRL/AOC-4 CFS/AOC-4 NBFC for the FY 2019-20, effective from 01 January 2021.

The extension provided was for companies to conduct their Annual General Meeting (AGM), not for the filing of the forms. Therefore, the fee calculation logic remains the same.

The due date for form filing will be computed based on the actual date of the AGM or the due date/extended due date of the AGM, as applicable.

After 31st December 2020, additional fees will be applicable from the actual date of the AGM or the due date/extended due date of the AGM plus 30/60 days, as the case may be. A charge of Rs. 100 per day will apply from that date.

Yes, the daily charge of Rs. 100 will be applied starting from the calculated date, even if that date falls before 31st December 2020.




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