Lenient fee levy for late company filings: small companies with short delay or poor finances may have delays condoned without extra charge. Registrars should adopt a lenient approach under the Companies Act provision on additional fees for belated filings, especially for small companies. Where paid-up capital is below the small-company threshold and delay is short, finances are poor, or the company is not carrying on business, documents should be accepted and delay condoned without levying additional fee or issuing formal notice. For larger companies requiring a qualified company secretary, a selective approach to fee levy is advised.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Lenient fee levy for late company filings: small companies with short delay or poor finances may have delays condoned without extra charge.
Registrars should adopt a lenient approach under the Companies Act provision on additional fees for belated filings, especially for small companies. Where paid-up capital is below the small-company threshold and delay is short, finances are poor, or the company is not carrying on business, documents should be accepted and delay condoned without levying additional fee or issuing formal notice. For larger companies requiring a qualified company secretary, a selective approach to fee levy is advised.
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