Advisory on Additional Fees Rs 100/- per Day for non Filing of MCA Return

Advisory on Additional Fees Rs 100/- per Day for non Filing of MCA Return Dear Professional Colleague, As you might be aware of the notifica

CA Deepak Gupta

Jun 28, 2018

Last update on Jun 28, 2018

Advisory on Additional Fees Rs 100/- per Day for non Filing of MCA Return

Dear Professional Colleague, As you might be aware of the notification issued by MCA that additional fee @Rs.100/- per day, shall become payable in respect of the annual filing forms (MGT-7 (form for annual return), AoC-4 (Form for balancesheet and profit and loss account),w.e.f. 30/06/2018. This is just a gentle reminder of the due date which is approaching soon. Hope the information will assist you in your Professional endeavours. In details given below: Additional Fees Rs. 100/- per Day Annual Filling MCA has notified Companies (Registration Offices and Fees) Second Amendment Rules, 2018 w.e.f. 07th May, 2018. Lets discuss the effect of the same. Situation 1: In case Companies whose Annual form (i.e. AOC-4, MGT-7) filing DUE DATE is 30th June, 2018. In such case if Company file forms after 30th June, 2018 additional fees shall be Rs. 100/- per day from 1st July, 2018 without any upper cap. [Actual Fees + Rs. 100/- per day from 1st July, 2018]. Situation 2: In case Companies fails to filed pending Annual Filing forms for Any Previous Financial years whether under Companies Act, 1956/ 2013 till 30th June, 2018 June, 2018. In such case Company have to pay additional fees as per these rules. Following below mentioned annual filing forms:

S. No.	Forms	Purpose of Filing	Section Involved
1.	AOC-4 (including AOC-4 XBRL, AOC-4 CFS 23AC,ACA)	Filing of Financial Statements	Section 137
2.	MGT-7 (Including 20B)	Filling of Annual Return	Section 92

What shall be additional Fees in above mentioned Situation

Filing of Annual Form for f.y. ended on or before 31^st March, 2017
Company fails to file AOC-4 and MGT-7 and having capital of Rs. 100,000/-

Additional Fees shall be as follow:

Actual Filing Date	Actual Fees	Till 30^th June, 2018 12 times of actualfees	Total Till 30thJune, 2018	From 1^st July, 2018	Total Fees
				Rs. 100/- per day
30^th June	Rs. 300	3,600	3,900	0	3,900
15^th July, 18	Rs. 300	3,600	3,900	1,500	5,400
30^th July, 18	Rs. 300	3,600	3,900	3,000	6,900
30^th Jan, 19	Rs. 300	3,600	3,900	21,400	25,300

(Author CS Divesh Goyal, GOYAL DIVESH & ASSOCIATES Company Secretary in Practice from Delhi and can be contacted at [email protected]) Disclaimer: The entire contents of this document have been prepared on the basis of relevant provisions and as per the information existing at the time of the preparation. Although care has been taken to ensure the accuracy, completeness and reliability of the information provided, I assume no responsibility therefore. Users of this information are expected to refer to the relevant existing provisions of applicable Laws. The user of the information agrees that the information is not a professional advice and is subject to change without notice. I assume no responsibility for the consequences of use of such information. IN NO EVENT SHALL I SHALL BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL OR INCIDENTAL DAMAGE RESULTING FROM, ARISING OUT OF OR IN CONNECTION WITH THE USE OF THE INFORMATION.

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CA Deepak Gupta

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CA Deepak Gupta,is Co-founder of Studycafe. He is Microsoft Office Specialist and Corporate Trainer of AI Tools, Microsoft Excel. He is Finance Influencer having more than 250K followers on Social Media. CA Deepak Gupta, is Having more than 14 plus years of experience, and he has Worked with best brands Like, Hero, Wipro, Ericsson before Starting Studycafe. He has Trained more than 20000 Persons in Microsoft Excel, PowerPoint, Power BI, Google Sheet, Google Forms and Other Tools.