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Ministry of Corporate Affairs, Government of India (MCA) has announced revision in the schedule for payment of additional filing fees while filing any documents beyond the due date specified under the Companies Act, 1956 (the Act). The revision would be applicable in respect of filing of any forms / documents other than Form 5. The revision will be effective from 5 December 2010.
The existing and revised additional fee schedule is as under:
| Additional filing fees payable | Existing Period of delay (till 4 December 2010) | Revised Period of delay (from 5 December 2010) |
| 1 time of normal filing fee | Upto 1 month | – |
| 2 times of normal filing fee | More than 1 month and upto 3 months | Upto 30 days |
| 4 times of normal filing fee | More than 3 months and upto 6 months | More than 30 days and upto 60 days |
| 6 times of normal filing fee | More than 6 months and upto 1 year | More than 60 days and Upto 90 days |
| 8 times of normal filing fee | More than 1 year and upto 2 years | – |
| 9 times of normal filing fee | More than 2 years | More than 90 days |
Conclusion:
- · No formal notification for the above change is yet available.
- · The companies need to ensure that the documents are filed on timely basis to avoid payment of stepped up additional filing fees.
Source:
Announcement by MCA on www.mca.gov.in on 12 November 2010.
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