MCA amends Companies (Registration Offices and Fees) Rules, 2014; tightens norms relating to additional fee and higher-additional fee
- Blog|News|Company Law|
- 2 Min Read
- By Taxmann
- |
- Last Updated on 14 January, 2022
Latest from Taxmann
1. Introduction
The Ministry of Corporate Affairs (MCA) comes out with a Notification on 11th January 2021 for amendment in “Companies (Registration Offices and Fees) Rules, 2014”.
These rules may be called “Companies (Registration Offices and Fees) Amendment Rules, 2022”. It is to be noted that this notification is not made effective immediately. It shall be effective from 01st July 2022. In the said notification, the MCA has amended the Companies (Registration Offices and Fees) Rules, 2014 and substituted sub-item “B” (A Table reflecting how much additional fee shall be applicable for delay in filing of forms other than for increase in Nominal Share capital or forms under section 92/ 137 of the Act) of “Companies (Registration Offices and Fees) Rules, 2014”. The amended norms prescribe a Higher additional fee and an additional fee in the time multiple of the normal fee for the period of delay as under:
(a) For a period of delay up to 15 days in filing of (Forms ADT-1, DIR-3C) an additional fee in the multiple of One time of normal fees shall be levied
(b) For delay of >15 days to 30 days in filing of (Forms ADT-1, DIR-3C) an additional fee in the multiple of 2 times of normal fees or a higher additional fee (as the case may be) of 3 times of normal fee shall be levied
For delay, up to 30 days in filing of (for other forms i.e. PAS-3 and INC-22) an additional fee in the multiple of 2 times of normal filing fees or a higher additional fee (as the case may be) of 3 times of normal filing fees shall be levied
(c) For delay of >30 days to 60 days, an additional fee of 4 times of normal filing fees or a higher additional fee (as the case may be) of 6 times of normal filing fees shall be levied
(d) For delay of > 60 days to 90 days, an additional fee of 6 times of normal filing fees or a higher fee (as the case may be) of 9 times of normal filing fees shall be levied
(e) For delay of > 90 days to 180 days an additional fee of 10 times of normal filing fees or a higher additional fee (as the case may be) of 15 time of normal filing fees
(f) For delays beyond 180 days and an additional fee (as the case may be) of12 times of normal filing fees or a higher additional fee (as the case may be) of 18 times of normal filing fees shall be levied
2. Forms that are out of the purview of the amendment notification
The MCA has specified that the above-mentioned fee (Additional and Higher Additional fee) shall not be applicable on delay in filing of the following forms:
(a) SH-7:Form for increasing the Nominal Share Capital
(b) AOC-4: Form filed under Section 137 of the Act
(c) MGT-7: Form filed under section 92 of the Act
(d) CHG-1, CHG-4 etc.: Charges Form
Click Here To Read The Full Article
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
CA | CS | CMA
