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.