MCA recently announced some regulatory amendments focusing on relaxation for stakeholders and ease of compliance.
- Extension of Time for Annual Filings (FY 2024-25)
The MCA has granted a relaxation regarding additional fees for the filing of annual returns and financial statements.
- Revised Deadline: Companies are now permitted to complete their annual filings for the Financial Year 2024-25 up to January 31, 2026, without incurring any additional fees.
- Applicable Forms: This extension applies to e-Forms MGT-7, MGT-7A, AOC-4, AOC-4 CFS, AOC-4 NBFC (Ind AS), AOC-4 CFS NBFC (Ind AS), and AOC-4 (XBRL).
- Companies (Appointment and Qualification of Directors) Amendment Rules, 2025
These amendments significantly change the Know Your Customer (KYC) requirements for directors and will come into force on March 31, 2026.
- Consolidated Form DIR-3-KYC-Web: The separate e-Form DIR-3-KYC and the web service DIR-3-KYC-WEB are being replaced by a single, updated Form No. DIR-3-KYC-Web.
- Triennial Filing Requirement: Every individual holding a Director Identification Number (DIN) as of March 31st must now file their KYC intimation (Form DIR-3-KYC-Web) on or before June 30th of every third consecutive financial year.
- Updating Personal Details:
- If there is a change in a director's personal mobile number, email address, or residential address, they must submit Form DIR-3-KYC-Web within 30 days of the change.
- Such updates require the payment of prescribed fees.
- Administrative Changes: References to "Regional Director (Northern Region), Noida" have been updated to "Regional Director, Northern Region Directorate I" in the rules.
Click here to access MCA notifications-
1. https://www.mca.gov.in/bin/dms/getdocument?mds=Vk%252FT5sIBKBare6St1b%252FznQ%253D%253D&type=open
2. https://www.mca.gov.in/bin/dms/getdocument?mds=O%252BR6QnciZFAjhGuEaQwrcw%253D%253D&type=open
