In a Notification dated 30th January, 2020 the Ministry of Corporate Affairs (“MCA”) has issued the Companies (Accounts) Amendment Rules, 2020 (“Amendment Rules”) in order to further amend the Companies (Accounts) Rules, 2014 (“Principal Rules”).

The Amendment Rules have inserted a new sub rule 1-A in Rule 12 of the Principal Rules as per which every Non-Banking Financial Institution (“NBFC”) that is required to comply with Indian Accounting Standards (Ind AS) must now mandatorily file the financial statements with Registrar along with Form AOC-4 NBFC (Ind AS) and the consolidated financial statement, (if any) with Form AOC-4 CFS NBFC (Ind AS).

Pursuant to the said amendment, in another Notification dated  30^th January, 2020, MCA has informed that the last date for filing Forms AOC-4 NBFC (Ind AS) and AOC-4 CFS NBFC (Ind AS) for the financial year 2018-19 without any additional charges have been extended to 31^st March, 2020.

Please note that as per the notification, the likely date of deployment of the e-forms are 31^st January, 2020 and 17^th February, 2020 respectively. However, the Company forms download page has not yet updated any form in this regard.

The AOC-4 NBFC (Ind AS) is annexed with the Notification.

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Rule 12 of Companies (Accounts) Rules, 2014 deals with Filing of Financial Statements and Fees to be Paid Thereon.

Source: Ministry of Corporate Affairs

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