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MCA Circular No. 32 dated 28th September, 2020 – Extension Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013.

MCA has extended the Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 till 31st December, 2020. In the scheme, the time period of 30/09/2020 and 01/10/2020 is replaced with 31/12/2020 and 01/01/2021 respectively. So accordingly,

  1. In case a form is filed before 01.03.2020, but the timeline for filing such form had not expired under section 77 of the Companies Act as on 01.03.2020: The relaxation of time will be that the period from 01/03/2020 to 31/12/2020 will not be counted for the number of days under section 77 or section 78. And if not filed within such period, the first day after 29.02.2020 shall be reckoned as 01/01/2021.
  2. In case Filing of Forms falls on any date between 01.03.2020 to 30.09.2020 (both dates inclusive): The relaxation of time will be that the period from the date of creation/ modification of charge to 31/12/2020 shall not be counted for number of days under section 77 or section 78. And if not filed within such period, the first day after the date of creation / modification of charge shall be reckoned as 0/01/2021.

The said Circular can be accessed through the following link: MCA_Circular 32_28.09.2020_Extension of Scheme of relaxation of filing Charge forms

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