India’s Corporate Compliance Calendar for FY2022-23: Mandatory Forms and Due Dates

Posted by Written by Naina Bhardwaj Reading Time: 4 minutes

We list the key reporting forms and due dates on India’s corporate compliance calendar for FY2022-23, which must be filed by all registered businesses, irrespective of their entity structure. We also provide the relevant particulars of the reporting mandates and applicable timeframe.


The Registrar of Companies (ROC), under the Ministry of Corporate Affairs (MCA), requires all businesses registered in India to adhere to certain compliances every year. Whether the business is a private limited company, public limited company, or limited liability partnership (LLP), etc. – it must take note of the reporting forms required to be filed and submit them as per their established timelines.

For more information on corporate compliance obligations in India or mandatory reporting requirements for foreign companies doing business in the country, please contact our experts at india@dezshira.com.

India’s corporate compliance calendar – FY2022-23

Below is a list of key reporting forms, applicable timelines, and filing due dates on India’s corporate compliance calendar for FY2022-23.

India’s Compliance Calendar for Companies for FY 2022-23

Reporting form

Particulars

Due date

MSME Form I

 

 

Through this form, the company will furnish the half yearly return with the ROC – providing information on the outstanding payments to micro or small enterprises.

 

For the half year period between October 2021 – March 2022, the due date is April 30, 2022

 

For the half year period between April 2022 – September 2022, the due date is October 30, 2022

 

Form MBP-1

Disclosure of Interest by Director (section 184, Companies Act, 2013):

Every director shall disclose their concern or interest in any company or companies or bodies in the following circumstances:

  • At the board meeting in which they participate as a director and thereafter;
  • At the first board meeting of every financial year; or
  • Whenever there is any change in the disclosures already made, then at the first board meeting held after such change, corporate, firms, or other association of individuals that shall include the shareholding.

At the first board meeting in the first quarter: April 1June 30, 2022

 

Board meeting schedule for FY 2022-23

  • First: April – June, 2022
  • Second: July – September, 2022
  • Third: October – December, 2022
  • Fourth: January – March, 2023

 

Form DIR-8

Disclosure of non- disqualification by directors.

At the first board meeting in the first quarter: April 1June 30, 2022

Audited financial statements

 

Audited financial statements for FY2021-22 must be prepared and approved in the board meeting.

September 30, 2022

Annual general meeting (AGM)

All companies must hold its AGM once in a year, within six months of the closure of the accounting year.

September 30, 2022

Declaration of independence by independent director

Every independent director shall give a declaration that they meet the criteria

of independence as provided in section 149(6) and Regulation 16(1)(b) of the SEBI (Listing Obligations) on the following occasion:

  • At the first board meeting in which they participate as an independent director and thereafter;
  • At the first board meeting of every financial year; or
  • Whenever there is any change in the circumstances which may affect their status as an independent director.

 

At the first Board Meeting in the first quarter: April, 1June 30, 2022.

 

Board meeting schedule for FY 2022-23

  • First: April – June, 2022
  • Second: July – September, 2022
  • Third: October – December, 2022
  • Fourth: January – March, 2023

Form MSC-3

 

Return filed by a dormant company

  • A dormant company shall file a “Return of Dormant Company” annually, indicating the financial position duly audited by a chartered accountant in practice.

Within 30 days from the end of each financial year.

For FY 2021-22, the due date is April 30, 2022.

Form FC-4

Return filed by a foreign company (branch office or liaison office)

  • Every foreign company shall prepare and file annual return in Form FC-4 containing the particulars as they stood at the close of the financial year, within 60 days from the last day of its financial year.

Within 60 days from the closure of financial year.

 

For FY 2021-22, the due date is May 30, 2022.

PAS – 6

  • Reconciliation of share capital audit report. 
  • It’s applicable to all unlisted public companies.

 

Within 60 days from the closure of each half year.

 

For the half year period between October 2021 – March 2022, the due date is May 30, 2022

 

For the half year period between April 2022 – September 2022, the due date is November 30, 2022

 

Annual Return

of Limited Liability Partnership (LLP)

Applicable to all LLPs

May 30, 2022

Form MGT-7

A private company having paid-up share capital of INR 100 million or more or turnover of INR 500 million or more shall obtain a certificate in Form MGT-7 from a Company Secretary.

November 28, 2022

Form DPT-3

Information about deposits or outstanding loan or money other than deposits.

 

June 30, 2022

Form CSR-2

 

  • Report on Corporate Social Responsibility (CSR).
  • Every company covered under section 135(1) of the Companies Act, 2013 shall furnish a report on CSR in Form CSR-2 to the ROC for the preceding year.

March 31, 2023

Form DIR-3

KYC/WEB

KYC

 

KYC of directors

  • Every individual who holds a Director Identification Number (DIN) as on March 31, shall file e-Form DIR-3-KYC with the MCA on or before September 30.
  • Individuals who have already filed e- Form DIR-3-KYC for the previous financial year need to complete their KYC through web-form DIR-3 KYC-WEB, the web-based verification service provided by MCA. The verification will be done through OTPs (one-time passwords) to be received on the previously provided mobile and email ID.
  • In case a person wishes to update their mobile number or e-mail address, they must file e-Form DIR-3 KYC, as this facility of updation is not available in the web-based service.
  • In case of updating any other personal details, e-Form DIR-6 has to be filed for update of the same before completion of KYC through the web-based service.

September 30, 2022

Filing of balance sheet with ROC

All companies must file their balance sheets with the ROC within 30 days of the AGM.

On or before October 29, 2022.

Generation of Unique Document Identification Number (UDIN) by Statutory Auditor of the company

Before signing the balance sheet by the Statutory

Auditor, UDIN should be created.

On or before September 30, 2022

Transfer of unspent CSR amount to the CSR fund constituted by the federal government under Schedule VII

Companies which couldn’t spend the CSR amount earmarked for FY 2021-22 must observe this financial compliance.

On or before September 30, 2022


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