Annual filing issues fy 2014-15

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RACHANA DAGA (Querist)
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15 April 2015 Dear Experts,
ABC Limited is having its AGM Due date on 30th April 2015. We are unable to find which e form shall be file with ROC for FY-2014-15. If we go with old forms like e form 23 AC & ACA for B/S and P&L and 20 B for Annual Return what will be a consequences. We are requesting you to guide on this same issue as MGT-7 and AOC-4 is yet to be online.
We had raised same query with MCA, they replied in manner like “kindly seek professional Advice “.
Requesting, please suggest best possible avenue to safeguard client interest and additional fees.
Thanking You

Pratik Shah

Pratik Shah (Expert)
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20 April 2015 Can you please tell me what is period of financial year to which your query relates i.e. starting date and ending date?

As per General Circular No, 08/2014 dated 04th April, 2014, it is clarified that financial statements in respect of financial year commenced earlier than 1st April, 2014 shall be governed by provisions of Companies Act, 1956.

Since you mentioned that AGM date is due on 30/04/2015, I presume that Company's financial year ended on 30/10/2014 (considering six months from the end of financial year). That means your financial year was commenced before 01/04/2014. Hence, you can file Form 23AC and 23ACA for this Financial year.

But if your financial year is commencing on or after 01/04/2014, then you should contact ROC office for further clarification.

Still, it would be grateful if you can tell me your exact dates of Financial year.
Thanks

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RACHANA DAGA

RACHANA DAGA (Querist)
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21 April 2015 Dear Sir,
I am very thankful to you that you have given such kind of prompt response for this query.

Due to some critical instances in the last year, we conduct our AGM on 30th April 2014. Our Financial Year start itself on 01st of April 2014 to 31st of March 2015. Therefore companies Act 2013 is applicable and old forms shall not work Unless otherwise specified.

We are considering only twelve months factor as board is refuse to take extention.

But whatsover we are very very thankful to for your efforts.

Kindly have a look anddo the needful

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Pratik Shah

Pratik Shah (Expert)
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01 July 2015 Hi, I agree to you that new forms of Companies Act 2013 will be applicable in your case, since your financial year starts from 01st April 2014.

I think you do not need to worry on this point. Because, MCA has not provided any forms for filing. I believe that once MCA come up with new forms, they will provide a relief to all such companies whose due dates have already gone.

They have done this few years back also.
So don't worry.

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