The government today said it had amended the Companies (Central government's) General Rules and Forms, 1956, to include in Rule 20 Rs 5,000, in place of Rs 1,000, to accommodate the recent enhancement in the fees for foreign companies filing their returns late.
The notification has been issued under clauses a and b of sub-section (1) of section 642 of the Companies Act, 1956. The principal rules have now been amended 82 times since first published on February 18, 1956.
On June 12, DCA had revised the filing fees payable by foreign companies to Rs 5,000 per document from the existing Rs 1,000 and the revised rates would be effective from May 15, 2002.
The move comes as part of efforts to deter delays in filing for registration of documents in future. The registrar of companies (National Capital Territory of Delhi and Haryana) has been directed to accept such cost along with the filing fee by permitting foreign companies to file statutory documents and returns, ensuring that the revised rates would be effective only from May 15.
Section 601 of the Companies Act stipulates the fees for registration of any documents to be paid to the registrar of companies. It says the fees for late filing of statutory documents by 1-3 months would be two times the normal filing fees, four times in the case of 3-6 months and six times for delay of six months to one year.
For delays over one year and upto two years, the fee would be eight times the normal fee and that for over two years, it would be nine times.
