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Friday, December 10, 2010

CHANGE IN ADDITIONAL FEE TO BE LEVIED FOR DELAYS IN FILING FORMS

The Ministry of Corporate Affairs (“MCA”) vide its circular dated 22nd November, 2010, has revised the additional fee to be levied for the delay in filing Forms other than Form 5. The existing fees are as follows:

Period of Delay

Fixed Rate of Additional Fee

Upto one month.

One time of normal filing fee.

More than one month and upto three months.

Two times of normal filing fee.

More than three months and upto six months.

Four times of normal filing fee.

More than six months and upto one year.

Six times of normal filing fee.

More than one year and upto two years

Eight times of normal filing fee.

More than two years.

Nine times of normal filing fee.

The revised fees applicable from 5th December, 2010 are as follows:

Period of Delay

Fixed Rate of Additional Fee

Upto 30 days.

Two times of normal fee.

More than 30 days and upto 60 days.

Four times of normal fee.

More than 60 days and upto 90 days.

Six times of normal fee.

More than 90 days.

Nine times of normal fee.


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