Manual Entry Required for ‘Trade Payables’ and ‘Other Income’ in Form AOC-4
The Ministry of Corporate Affairs (MCA) has shared an important update for the stakeholders filing Form AOC-4 on the MCA V3 portal. As per the post shared by MCA on platform X (Previously known as Twitter), the Form AOC-4 has been updated especially for the “Trade Payable” and “Other Income“.
As a part of this change, the Stakeholders are expected to face some issues while pre-filling “Trade Payables” and ‘Other Income” from previous filings in Form AOC-4. earlier, these two fields were pre-filled using data from the previous filing. However, due to the recent changes in the MCA V3 portal, these two fields have now been divided into multiple sections.
Therefore, the MCA has directed all the stakeholders to manually enter the values for “Trade Payables” and “Other Income” in Form AOC-4. The stakeholders must make sure that the data they enter is correct and matches the financial record.
This manual entry will help maintain data accuracy and compliance with the latest disclosure requirements introduced by MCA.