Corporate Updates 2 July 2014


1. MCA has issued General Circular to Extend the last date of Filing of DPT4 under the provisions of the Sec 74 (1)(a) of the Companies Act, 2013. It has been decided to grant extension of time for the period of 2 months i.e. up to 31-08-2014 without any additional fee in terms of section 403 of the Act to enable the companies for filing of statement under Form DPT4 with the Registrar. However, MCA has not clarified what exactly falls under the definition of “Deposits existing as on the date of the commencement of the Act” as it has only extended the last date for filing of the Form DPT – 4.

2. MCA has issued the much awaited notice relating to filing of Form 23C & Form 23D belatedly after expiry of last date of filing of these Forms i.e 29-06-2013. Most of the companies have already opted for the same and have filed these forms due to the non availability of Cost Rules & clarification from the Ministry. MCA has now clarified that Form 23C and Form 23D are not applicable for filing in relation to appointment of Cost Auditor under the provisions of the Section 148 of the Companies Act, 2013. New Form required pursuant to new Cost Records & Audit rules shall be made available shortly.

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