MCA Update – August 2026

Extension of CCFS Scheme

Ministry of Corporate Affairs had introduced the Companies Compliance Facilitation Scheme, 2026 (CCFS-2026) vide General Circular No. 03 /2026 dated 24th February 2026, to, inter alia, provide an opportunity to companies to complete their pending statutory filings. The Scheme was initially operational up to 31^st August, which further extended up to 15^th September,2026.

MCA issued G.S.R. 725(E) dated 12 August 2026, notifying the Companies (Indian Accounting Standards) Amendment Rules, 2026.

The amendments affect, among others:

1. Ind AS 101 – First-time Adoption
2. Ind AS 107 – Financial Instruments Disclosures
3. Ind AS 109 – Financial Instruments
4. Ind AS 110 – Consolidated Financial Statements
5. Ind AS 7 – Statement of Cash Flows

Several changes apply for annual reporting periods beginning on or after 1 April 2026, so they are relevant for FY 2026-27 financial reporting for companies to which Ind AS applies.

Key areas affected include:

• Classification and measurement of financial instruments
• Contracts with contingent contractual cash flows
• Electronic settlement of financial liabilities
• Nature-dependent electricity contracts
• Hedge accounting
• Non-recourse arrangements
• Additional disclosure requirements
• Annual improvements to Ind AS

These amendments apply to annual reporting periods beginning on or after 1 April 2026, making them relevant for FY 2026-27 financial reporting. The Companies preparing financial statements under Ind AS should assess the impact of these amendments on their accounting policies, measurement, disclosures and financial statement presentation for FY 2026-27.

Author Bio:

CS Kiran Gupta

Qualified Company Secretary with expertise in Company Law, company incorporations, regulatory compliance and governance. Experienced in handling all MCA filings, board processes and ensuring adherence to statutory and secretarial standards.