Nobody can afford delay in submission of documents with ROC

The Companies Amendment Bill, 2017 (the Bill) has been passed by Rajya Sabha. The Ministry of Corporate Affairs (MCA) has proposed hefty additional fees in bill in case of default in filing of the documents with Registrar of Companies (ROC).

The minimum additional fees of Rs.100 per day in case of delay in filing of Financial Statements and Annual Return have been prescribed. The additional fee is proposed to be prescribed for different classes of companies in other cases.

Further, if there is default on two (2) or more occasions in filing, the higher additional fees may be charged which shall not be lesser than twice of the additional fees mentioned above i.e., minimum of Rs.200 per day.

It is utmost important to file all your pending returns and forms with Registrar of Companies on priority basis. Once the Bill receives assent from the President, looking at these changes, submission of documents with late filing fees would become history.