As per the latest amendment proposed by the Ministry of Corporate Affairs, on April 10, 2018, companies will have to pay additional fee @ Rs.100 per day for filing annual returns after the prescribed date of filing.
For more details, read on:
- Which forms attract these delayed filing fees, and are covered under the annual returns?
Form 23AC, Form 23ACA, Form 23AC XBRL, Form 23ACA XBRL, Form MGT-7, Form AoC-4, Form AoC-4 XBRL and Form AoC-4 CFS under Section 92 (Annual Return) or 137 (Annual Financial Statement) of the Companies Act, 2013.
- What is the current additional filing fee for delay?
As per the current fee structure, the late filing fees are as per the below structure:
|Sr. No.||Period of delay||Additional Fees|
|1.||More than 30 days||2 times the normal filing fees|
|2.||More than 30 days and upto 60 days||4 times of normal filing fees|
|3.||More than 60 days and upto 90 days||6 times of normal filing fees|
|4.||More than 90 days and upto 180 days||10 times of normal filing fees|
|5.||More than 180 days and upto 270 days||12 times of normal filing fees|
- What is the regular filing fee for filing these forms/annual returns?
The filing fees depend on the paid-up share capital of the company. Set out below are the slabs for the filing fees depending on the paid up share capital:
|NOMINAL SHARE CAPITAL||FEES APPLICABLE|
|Upto Rs.1 Lakh||Rs.200|
|Rs. 1 Lakh to Rs. 5 Lakhs||Rs.300|
|Rs. 5 Lakhs to Rs. 25 Lakhs||Rs.400|
|Rs. 25 Lakhs to Rs. 1 Crore||Rs.500|
|Rs. 1 Crore and more||Rs.600|
Below example will help you understand the fee structure in a better manner.
If there is a delay of 10 days in filing the forms, as per the current structure the fees payable will be 2 times of the normal fees, but once the revised fees are implemented the additional fees payable will be Rs. 1000/- along with the normal fee which is way higher than the current structures. Therefore, as the number of days increases the penalty too will increase proportionately. The cost of which will be much higher.
It is therefore important to complete your annual filings on time.Non filing of annual returns also has other repurcussions, such as disqualification of directors.
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