Description

NSE Clearing Limited extends the deadline for clearing members to submit Annual Returns for FY 2024-25 from October 31, 2025 to December 31, 2025, following MCA's extension of the ROC filing deadline.

Summary

NSE Clearing Limited (NCL) has extended the deadline for submission of Annual Returns for the Financial Year 2024-25 (ended March 31, 2025) to December 31, 2025, from the earlier deadline of October 31, 2025. This extension follows the Ministry of Corporate Affairs (MCA) circular ref. 06/2025 dated October 17, 2025, which extended the due date for filing financial statements and annual returns with the Registrar of Companies (ROC) for FY 2024-25.

Key Points

  • Original deadline for Annual Return submission was October 31, 2025
  • New extended deadline is December 31, 2025
  • Extension applies to Annual Returns for Financial Year ended March 31, 2025
  • Applies to all Clearing Members, Self Clearing Members, and Professional Clearing Members
  • MCA extended ROC filing deadline from October 31, 2025 to December 31, 2025
  • Non-compliance will result in actions as per existing NCL circulars

Regulatory Changes

This circular implements the MCA circular ref. 06/2025 dated October 17, 2025, titled “Relaxation of Additional Fees and Extension of Time for Filing of Financial Statements and Annual Return under the Companies Act, 2013”. The MCA extended the statutory deadline for companies to file their financial statements and annual returns with ROC for the financial year ended March 31, 2025.

Compliance Requirements

  • All Clearing Members, Self Clearing Members, and Professional Clearing Members must submit Annual Returns for FY 2024-25 to NCL on or before December 31, 2025
  • Annual Returns must be for the financial year ended March 31, 2025
  • Members must ensure compliance with net worth reporting requirements
  • Non-submission within the due date or shortfall in reporting net worth will attract actions as stipulated in previous NCL circulars

Important Dates

  • October 31, 2025: Original deadline (now extended)
  • December 31, 2025: New extended deadline for submission of Annual Returns for FY 2024-25
  • October 17, 2025: Date of MCA circular extending ROC filing deadline
  • September 30, 2025: Date of earlier NCL circular NCL/CMPL/70544
  • October 14, 2025: Date of NCL circulars NCL/CMPL/70807 and NCL/CMPL/70806

Impact Assessment

Positive Impact:

  • Provides relief to clearing members by extending the submission deadline by two months
  • Aligns NCL’s deadline with the MCA’s extended ROC filing deadline
  • Gives members additional time to prepare and audit their annual returns

Compliance Requirements:

  • Members failing to submit Annual Returns by December 31, 2025 will face actions as per NCL circulars NCL/CMPL/67806 (April 30, 2025), NCL/CMPL/67927 (May 8, 2025), and NCL/CMPL/70806 (October 14, 2025)
  • Members with shortfall in net worth reporting will also face regulatory actions

Administrative:

  • This is an administrative relief measure affecting all clearing members
  • Does not change the fundamental compliance requirements, only extends the timeline
  • Members should utilize this extension to ensure accurate and complete submissions

Impact Justification

Administrative extension affecting all clearing members' annual return submission deadline. Non-compliance may lead to regulatory actions but extension provides relief to members.