Saturday, January 12, 2019

ADDITIONAL FEES PAYABLE TO ANNUAL FILING FORMS




EASE   OF  DOING BUSINESS IN INDIA

PENALTY CLAUSES  FOR NON FILING   AOC 4  AND  MGT 7   (ANNUAL FORMS)

Prior  to amendment  of Rs.100 per day
                                                                                                                                                ( Figures in Rupees)
Sl.No
Form No
Normal Fee  per form

Maximum Fee  irrespective of years  exclusive of normal fee
Per form
1
AOC 4     Balance sheet   and MGT 7
300
3600


400
4800


500
6000


600
7200

AFTER IMPLEMENTATION OF RS.100 PER DAY  PER FORM  ADDITIONAL FEE
                                                                                                                                               ( Figures in Rupees)

Sl.No
Form No.
Normal Fee
First year  exclusive of normal fee  per day Rs.100
Second year exclusive of normal fee  per day Rs.100
Third  year exclusive of normal fee  per day Rs.100

AOC 4     Balance sheet   and MGT 7
300
36500
73000
109500


400
36500
73000
109500


500
36500
73000
109500


600
36500
73000
109500

Let us see  huge difference between first table and second table  and how the government amended the section without any upper ceiling limit    For suppose if  for some reason not filed  two years   they have to pay Rs.73000 plus normal fee per form.  



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