Company Law Update: Increase in Additional fees for filings after due date

✓ Ministry of Corporate Affairs (MCA) vide notification dated January 11, 2022, prescribed additional fees (ranges from 1 time to 12 times of normal fees) and higher additional fees (ranges from 3 times to 18 times of normal fees) for delay in filing forms. 

✓ This higher additional fees notification shall not be applicable for form filed w.r.t. increase in nominal share capital, Annual Filing i.e. form filing under Sec. 92 and 137 of the Companies Act, 2013 and forms relating to charges.

The said notification shall be effective from July 01, 2022.

Further, it is clarified that..

1) Higher additional fees shall be payable in case of two or more delays in filing of form INC 22 and PAS 3 within 365 days for which additional fees or higher additional fees was payable. 

2) Additional fees shall not be charged where higher additional fees is payable. 

3) Form INC 22 and PAS 3 filed prior to Companies (Regn Offices and Fees) Rules, 2022 shall not be reckoned for the purposes of determining higher additional fees.

✓ To refer MCA Notification, please click here.