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File returns by due date: MCA to firms
Mint Mumbai
|October 21, 2023
The ministry of corporate affairs has asked businesses to file their annual returns and financial statements for FY23 by the due date in order to avoid having to pay additional penalty.
The ministry said in an advice posted on its website that companies have to follow their due date which in turn depends on the date of their annual general meeting, as per the Companies Act.
Businesses have six months after the end of the financial year to the hold annual general meeting, one month from the AGM to file financial statements and 60 days from the AGM to file annual returns.
This story is from the October 21, 2023 edition of Mint Mumbai.
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