AGM and EGM via video conferencing permitted under specified framework; statutory timelines remain unchanged and legal liability persists.
Companies with AGMs due in 2023 or 2024 may conduct AGMs via Video Conference or Other Audio Visual Means in accordance with the Ministry's earlier circular framework; this administrative allowance does not extend statutory time for holding AGMs and non compliance with statutory timelines remains liable to legal action. Companies may also hold EGMs via VC/OAVM or transact items through postal ballot under the same framework and timeline, with all other requirements of the prior circulars remaining applicable.

Condonation of delay in LLP filings: one-time waiver of additional fees with specified filing window and conditions
A one-time condonation under section 67 (read with section 460 Companies Act) permits relaxation of additional fees for delayed filing of Form-3, Form-4 and Form-11 to enable master-data updates. Form-3/Form-4 will be STP-processed except for business-activity changes; pre-filled editable master-data is provided and filers remain liable for correctness. Fee relief covers Form-3/Form-4 events from 01.01.2021 and Form-11 for financial year 2021-22 onwards; prior events/years can be filed on payment of 2x additional fee for small LLPs and 4x for other LLPs. Relief is time-limited and protects LLPs availing the scheme from action for delayed filing.

User ID consolidation enables institutes to recommend merging or deactivating legacy portal accounts to permit V3 access.
Institutes of professional members shall verify member credentials and forward recommendations by the President or Vice President to the MCA to enable either merger of duplicate V2 user IDs with a V3 ID or deactivation of old V2 IDs, permitting affected members to create or activate accounts on the MCA21 V3 portal.

Auditor reporting obligations for fraud require prompt escalation to corporate governance and prescribed filing with the Central Government.
Statutory auditors must report fraud or suspected fraud discovered during an audit by promptly notifying the Board or Audit Committee and, where required, filing the prescribed statement with the Central Government in the specified form if follow-up responses are not received. Auditors must maintain professional scepticism, not be influenced by company legal opinions, and report even when not the first to identify the issue. Resignation does not absolve the duty to report nor prevent regulatory consequences for participation in fraudulent conduct.

Relaxation of additional fees for late DPT-3 filing extended to 31 July 2023 due to MCA-21 portal transition.
Relaxation permits filing of Form DPT-3 for the financial year ended 31 March 2023 without payment of additional fees for late submission; the normal due date was 30 June 2023 and the waiver allows filing without additional fees up to 31 July 2023 due to the MCA-21 Portal transition.

Revenue recognition under Ind AS: measure revenue and trade receivables at transaction price unless significant financing exists.
Non-compliance concerns arise where companies state revenue is measured at fair value of consideration received or receivable, whereas Ind AS 115 requires revenue to be recognised at the transaction price allocated to performance obligations. Similarly, trade receivables are often incorrectly described as initially recognised at fair value, but Ind AS 109 provides that trade receivables without a significant financing component are initially measured at the transaction price defined in Ind AS 115. Companies and auditors must align policies and disclosures with these Ind AS measurement requirements.

Physical filing permitted for prospectus, allotment and buy back forms during portal migration, subject to later electronic filing.
Companies may physically file Forms GNL-2, MGT-14, PAS-3, SH-8, SH-9 and SH-11 during the portal migration window for time bound filings, provided the physical submissions are duly signed, accompanied by an electronic copy, submitted to the concerned Registrar and acknowledged on the prescribed annexure without payment of fee at that time. Physical filings must be accompanied by an undertaking that the same Form will be later filed electronically on the MCA-21 Portal with payment of fees as per the Companies (Registration Offices and Fees) Rules, 2014.

Extension of filing deadlines allows specified company e-forms and PAS-03 to be filed without additional fees until end of March.
Specified 45 company e Forms, SPICe+ Part A and Form PAS 03 that were due during the MCA 21 Version 3.0 transition period may be filed without payment of additional fees until 31.03.2023; name reservation under section 4(5) is extended by 20 days and the resubmission period under rule 9 (Incorporation Rules) is extended by 15 days to accommodate system migration and stabilization.

Extension of time for MCA filing without additional fee permits delayed e-form and PAS-03 submission after system transition.
Extension of time permits filing of specified company e forms in MCA21 Version 3.0 without additional fees for an additional 15 day period to accommodate the system transition and revised user registration process. Form PAS 03, closed in the prior system and relaunched in the upgraded system, may also be filed within that 15 day window without payment of extra fees when due dates fell in the transition period.

Filing of prospectus documents permitted physically during portal migration, with later electronic submission and fee compliance.
Companies may submit Forms GNL-2 and MGT-14 in physical form to the Registrar when MCA-21 portal filing is unavailable; such physical submissions must be signed, accompanied by an electronic copy, and include an undertaking to later file the same forms electronically on MCA-21 with payment of prescribed fees, and the Registrar will provide an acknowledgement in the prescribed annexure.

Filing extension: 15 day extension without additional fees for specified company e forms during MCA21 system upgrade.
Because 45 specified company e Forms will be unavailable in MCA21 Version 2 from 07.01.2023 to 22.01.2023 during rollout of MCA21 Version 3.0, stakeholders with filing due dates in that period are granted an automatic additional 15 day extension without levying additional fees; the extension applies only to the enumerated forms covering director filings, incorporation and conversion matters, share capital and buyback returns, Nidhi and foreign company returns, dormant company status filings, and other Registrar/Regional Director submissions.