PRESS RELEASE 8/2010

No. 2/7/2010-CL V

Dated the 22nd November, 2010

Ministry of Corporate Affairs

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1. Section 611(2) of the Companies Act, 1956 permits filing of documents with delay, without prejudice to any other liability, on payment of additional fee not exceeding ten times of the statutory fees for filing documents.

2. Implementation of MCA-21 e-governance programme and mandating of efiling has facilitated companies to file the documents on 24×7 basis. To improve the filings, standardization of payment of additional fee has been rationalized further.

3. Hence, the instruction contained in circular No.14/3/87-CL-V Vol. III dated 21.3.1995 is being modified to permit the period for filing of documents with less delay. For details of modifications General circular no. 4/2010 dated 22.11.2010 available on the website of this Ministry i.e. www.mca.gov.in may be referred to.

4. Companies/Professionals are advised to file the documents without delay and avoid more additional fee.

(Renuka Kumar)

Joint Secretary to the Govt. of India

Tel: 23074056

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