MCA has revised form AOC-4 and in the process of revising AOC-XBRL and AOC-CFS. So companies have been given exemption from paying any additional filing fees if they file financial statements and annual returns in respect of financial year 2015-16 on or before 29th October, 2016.
Surprisingly, the subject line of the said circular no. 08/2016 dated 29th July, 2016 mentions form MGT-7, but the body of the said circular does not specifically mention this form i.e. MGT-7. However last para mentions “financial statements and annual returns” so it is presumed that the exemption is available for filing form MGT-7 also.
So this facility is beneficial to those companies who have their annual general meetings in the period upto 29th September, 2016.