December 14, 2018

PENALTY OF NON FILING OF ANNUAL RETURN OF COMPANY

     The annual return of the Company should be filed with registrar of companies within 60 days from the date of annual General Meeting. where annual General meeting has not been held for the year, then within 60 days from the date on which AGM should have been held.

This session contains the normal fees that every company is required to pay while filing annual return with registrar of companies and penalty that comes along with delay in filing or or failure to file the annual return of the Company. Normal fees to be paid for filing the annual return of the company.

Calculation of Normal fees based on company’s authorised share capital:

Normal fee applicable on filing of return shown below :

NORMAL SHARE CAPITAL OF THE COMPANY                             NORMAL FEE PAID FOR FILING

LESS THAN Rs. ONE LAKH                                                                            200

Rs. 100000 to Rs. 499999                                                                               300

Rs. 500000 to Rs. 2499999                                                                            400

Rs. 2500000 to Rs. 9999999                                                                          500

Rs. 10000000 or more                                                                                     600

ADDITIONAL PAYMENT OF FEES PAID FOR DELAY IN FILING OF ANNUAL RETURN

Additional fees paid when company has crossed the due date of filing annual return i.e. 60 days from the date of AGM.

ADDITIONAL FEE OR PENALTY APPLICABLE ON DELAY FILING OF RETURN SHOWN BELOW :

PERIOD OF DELAY                                                                                                 ADDITIONAL FEES OR PENALTY

DELAY UPTO 30 DAYS                                                                       2 TIMES OF NORMAL FEES

UPTO 30 DAYS & UPTO 60 DAYS                                               4 TIMES OF NORMAL FEES

60 DAYS & UTPO 90 DAYS                                                          6 TIMES OF NORMAL FEES

90 DAYS & UPTO 180 DAYS                                                           10 TIMES OF NORMAL FEES

FURTHERMORE 180 DAYS                                                                        12 TIMES OF NORMAL FEES

PENALTY FOR FAILURE TO FILE ANNUAL RETURN

As per section 92 (5) of companies Act, 2013 if a company fails to file its return  under sub-section (4), before the expiry of the period (270 days after the specified time as per section 403), then the company shall be punishable with a fine which shall not be less than Rs. 50000 but which may extend to Rs. 5 lakhs. Also. Every officer who is in default shall be punishabel with imprisonment for a term which may extend six months or a fine which shall not be less than Rs. 50000 but which may extend to Rs. 5 lakhs, or both.

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