https://www.taxtmi.com/caselaws?id=765390 Delhi HC dismissed petitioner companies' claim for refund of additional fees charged for delayed filing of financial statements. The court held that companies must file financial statements within 30 days of AGM as mandated by Section 137 of Companies Act. Despite petitioners holding AGM on 29.10.2019 within statutory period, they failed to file statements by the required deadline of 29.10.2019. The court ruled that MCA Circular dated 29.10.2019 extending filing deadline to 30.11.2019 only applied to companies that had obtained AGM extensions, not those holding AGM within statutory timeframe. Administrative circulars cannot amend statutory provisions. Penalty imposed from 30.10.2019 was upheld as legally justified. en-us Mon, 27 Jan 2025 00:00:00 +0530 Fri, 31 Jan 2025 07:54:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765390 Delhi HC dismissed petitioner companies' claim for refund of additional fees charged for delayed filing of financial statements. The court held that companies must file financial statements within 30 days of AGM as mandated by Section 137 of Companies Act. Despite petitioners holding AGM on 29.10.2019 within statutory period, they failed to file statements by the required deadline of 29.10.2019. The court ruled that MCA Circular dated 29.10.2019 extending filing deadline to 30.11.2019 only applied to companies that had obtained AGM extensions, not those holding AGM within statutory timeframe. Administrative circulars cannot amend statutory provisions. Penalty imposed from 30.10.2019 was upheld as legally justified. Case-Laws Companies Law Mon, 27 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765390