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    Instruction Contained in Circular of 1995 Modified to Achieve Filing of Documents by Companies with Less Delay
    Substantial Hike in Additional Feed for delayed filing of documents (annual return, balance sheets and other documents) with MCA - Registrar of Compan...
    Companies Bill likely to come up in Budget session
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    November 22, 2010
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    Companies' delayed filing fees now follow a tiered fixed schedule (2x, 4x, 6x, 9x) to promote prompt e filing.
    The Ministry revised the additional fee regime to a tiered fixed schedule for delayed filing (excluding Form 5): two times normal fee up to 30 days; four times for 31-60 days; six times for 61-90 days; nine times for over 90 days, effective 5 December 2010, while noting that statutory provision allows additional fee up to ten times and advising prompt e filing under the MCA 21 programme.
    November 13, 2010
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    Additional filing fee hike increases penalties for late company filings under Companies Act, imposing higher multipliers for delay.
    Revision of additional fees under Section 611(2) of the Companies Act, 1956 (effective 5 December 2010) imposes tiered surcharge multipliers on delayed filing of annual returns, balance sheets and other prescribed documents with the Registrar of Companies; higher multiples of the normal filing fee apply for longer delay periods, converting time-based noncompliance into escalating additional fees and incentivising timely submission.
    November 10, 2010
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    Companies law reform delayed, Bill to be tabled in next session after comprehensive parliamentary committee review.
    The government postponed parliamentary consideration of the Companies Bill 2009 to the Budget session; the Bill, reintroduced after lapsing with the prior Lok Sabha's dissolution, aims to replace the long standing companies statute and is under review following an extensive Parliamentary Standing Committee on Finance report whose recommendations the administration intends to consider before re tabling.

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