MCA increases Additional Fees on Form will be from existing 12 times to 18 times of Normal Fees [Read Notification]

MCA - Additional Fees - form - normal fees - Taxscan

The Ministry of Corporate Affairs has increased the Additional Fees on the form will be From existing 12 times to 18 times of normal fees with effect from July 1, 2022.

In exercise of the powers conferred by sections 396, 398, 399, 403, and 404 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013, the Central Government has notified Companies (Registration Offices and Fees) Amendment Rules, 2022 to further amend the Companies (Registration Offices and Fees) Rules, 2014.

In the Companies (Registration Offices and Fees) Rules, 2014 in item 1 (Fee for filing under section 403 of the Companies Act, 2013), for sub-item B, the following sub-item shall be substituted, namely: “B. Following Table of an additional fee and higher additional fee (in certain cases) shall be applicable for delay in filing of forms other than for increase in Nominal Share capital or forms under section 92/137 of the Act or forms for filing charges.

It is noteworthy, Higher additional fees shall be payable, if there is a delay in filing e-form INC-22, or e-form PAS-3, as the case may be, on two or more occasions, within a period of three hundred and sixty-five days from the date of filing of the last such belated e-form for which additional fee or higher additional fee, as the case may be, was payable.

Wherever a higher additional fee is payable, an additional fee shall not be charged.

The E-form INC-22, or e-form PAS-3, as the case may be, is filed prior to the commencement of the Companies (Registration Offices and Fees) Amendment Rules. 2022 shall not be reckoned for the purposes of determining a higher additional fee.

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