MCA to levy Additional Fee of Rs. 100/ day for Late Filing of Annual Return/ Financial Statements

MCA to levy Additional Fee of Rs. 100/ day for Late Filing of Annual Return/ Financial Statements (Forms 23AC, 23ACA, 23AC XBRL, 23ACA XBRL, MGT-7, AOC-4, AOC-4 XBRL and AOC-4 CFS)

MCA is in the process to levy Additional Fee of Rs. 100 per day for Late Filing of Annual Return/ Financial Statements (Forms 23AC, 23ACA, 23AC XBRL, 23ACA XBRL, MGT-7, AOC-4, AOC-4 XBRL and AOC-4 CFS), i.e. penalty on filings beyond the prescribed due dates u/s 92 (Annual Return) or u/s 137 (Annual Financial Statement) of the Companies Act, 2013. As per notice dt. 10 April, 2018 on MCA website, the Stakeholders have been advised to take note of the same and plan accordingly.

MCA Notice dt. 10 April, 2018

It is proposed to amend shortly, the Companies (Registration Offices and Fees) Rules 2014 to levy additional fee @Rs.100 per day for filings under Section 92 (Annual Return) or 137 (Annual Financial Statement) of the Companies Act, 2013. Once notified, the additional fee @Rs.100 per day (beyond the normal date of filing) shall become payable in respect of 23AC, 23ACA, 23AC XBRL, 23ACA XBRL, MGT-7, AoC-4, AoC-4 XBRL and AoC-4 CFS. Stakeholders are advised to take note and plan accordingly.

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