Insertion of new entries in Schedule of Company Law Board (Fees on Applications and Petitions) Rules, 1991

Insertion of new entries in the Schedule of Company Law Board (Fees on Applications and Petitions) Rules, 1991

The Ministry of Corporate Affairs vides Notification No. F. No. 1/19/2014-CL-V dated November 3, 2014 has amended the Company Law Board (Fees on Applications and Petitions) Rules, 1991 (the Rules) which shall come into force on the date of their publication in Official Gazette.

In the Rules, feesfor the following activity has been inserted:

• For allowing any period other than April to March as financial year (Section 2(41) of the Companies Act, 2013);
• Rectification of register of members (Section 58 and 59 of the Companies Act, 2013);
• Directing the Company to pay the sum due or for any loss or damage incurred as a result of such non-payment (Section 73(4) of the Companies Act, 2013); and
• To allow further time as considered reasonable to the Company to repay the deposit (Section 74(2) of the Companies Act, 2013).