The Institute of Chartered Accountants of India has announced an extension for filing belated documents, including financial statements for the financial year 2019-20. This extension, now until 30th November 2020, is a result of the Ministry of Corporate Affairs considering requests to ease business operations. The move aims to help corporates and professionals facing difficulties with their day-to-day activities and completing their accounts.
Corporate Laws Corporate Governance Committee
The Institute of Chartered Accountants of India
12th November, 2020
ANNOUNCEMENT
Sub: Timeline for filing of belated documents has been extended upto 30th November, 2020 due to Extension of LLP Settlement Scheme, 2020.
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FAQ :
The deadline for filing belated documents has been extended to 30th November 2020.
The deadline has been extended due to the Extension of the LLP Settlement Scheme, 2020, and to address difficulties faced by corporates and professionals.
Yes, the extension is also available for furnishing financial statements for the financial year 2019-20.
The statement of account and solvency for FY 2019-20, signed by 30th November 2020, will not be considered non-compliant, even if signed after the usual six-month period.
The Institute of Chartered Accountants of India requested the Government of India to enhance the timelines.