Thursday, August 9, 2012

COMPANIES (FEES ON APPLICATIONS) RULES, 1999 FEES INCREASED 9 TIMES FOR COST AUDIT APPLICATION


on Thursday, August 9, 2012

COMPANIES (FEES ON APPLICATIONS) RULES, 1999 - AMENDMENT IN NOTIFICATION NO. GSR 501(E), DATED 6-7-1999

NOTIFICATION NO. G.S.R. 617(E), DATED 7-8-2012

In exercise of the powers conferred by sub-section (1) of section 642, read with sub-section (2) of section 637A of the Companies Act, 1956 (1 of 1956), the Central Government hereby amends the notification of the Government of India in the erstwhile Ministry of Law, Justice and Company Affairs (Department of Company Affairs) number G.S.R. 501(E), dated the 6th July, 1999 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 6th July, 1999, namely:-

2. In the said notification, after sub-rule (3), and Table-III, the following sub-rule (4) and Table-IV shall be inserted, namely:-

"(4) In case of delays in filing applications with the Central Government under sub-section (2) of section 233B of the said Act, the fee as specified in the Table-IV below shall be applicable:

TABLE - IV
Period of Delay Fee Payable with the Application
  1. Upto 30 days Two times of normal fee
  2. More than 30 days and upto 60 days Four times of normal fee
  3. More than 60 days and upto 90 days Six times of normal fee
  4. More than 90 days Nine times of normal fee
Note: Normal fee means the fee as given in the Table-I above."

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