The ministry of Corporate affairs ( MCA ) Notified in increase in Late Fees in Addition to Regular Late Fees.

The Companies (Registration Offices and Fees) Second Amendment Rules 2018 has been notified on 7th May 2018. Accordingly, in case the due date of filings under Section 92 (Annual Return) or 137 (Annual Financial Statement) of the Companies Act, 2013 expires after 30/06/2018, the additional fee @Rs.100 per day shall become payable in respect of MGT-7, AoC-4, AoC-4 XBRL and AoC-4 CFS.

In all other cases where the belated annual returns or balance sheet/financial statement which were due to be filed whether under the Companies Act,1956 (23AC, 23ACA, 23AC XBRL, 23ACA XBRL, 20B,21A) or the Companies Act, 2013 (MGT-7, AoC-4, AoC-4 XBRL and AoC-4 CFS) additional fee as per the applicable slab for the period of delay up to 30th June 2018 plus @Rs.100 per day w.e.f 1st July 2018 shall become payable.

So it is advisable to every Company and their responsible personnel to file their form at MCA on or before 30th June ,2018 to avoid late fees @ 100 per day.

Note:

MGT-7 Form filed u/s 137 file Annual Financial Statement of the Companies Act, 2013.

AoC-4 Form file u/s 92 file Annual Return under the Companies Act, 2013.

 

What shall be additional Fees in above mentioned Situation?

  1. Filing of Annual Form for f.y. ended on or before 31st March, 2017
  2. Company fails to file AOC-4 and MGT-7 and having capital of Rs. 100,000/-

Additional Fees shall be as follow:  Per Form of MCA

Actual Filing Date Actual Fees Till 30th June, 2018 12 times of actual fees Total Till 30th June, 2018 From 1st July, 2018 Rs. 100/- per day Total Fees
30th June Rs. 300 3,600 3,900 0 3,900
15th July, 18 Rs. 300 3,600 3,900 1,500 5,400
30th July, 18 Rs. 300 3,600 3,900 3,000 6,900
30th Jan, 19 Rs. 300 3,600 3,900 21,400 25,300
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Yogesh Parmar have vast knowledge in the field of Goods and Services Tax (GST). He is regularly conducting seminars on GST at various location for business personal to provide the knowledge about impact of GST on their business and how compliance should be made. He is founder of "www.etaxupdates.com" through which he is sharing his knowledge and latest amendments, circulars, notifications etc related to all type of taxes. He is also associated with some software development companies and providing advisory service and help to understand technical aspect of GST. He is also serving as functional manager as well as tester to those company which is developing software for GST.

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