Sunday, June 17, 2012

companies bill 2011 analysis

As per Companies bill Registration of charges can be created within 300 days with additional fees 
Clause 77 of sub clasue 1 to proviso specifies the same.

Provided that the Registrar may, on an application by the company, allow such
registration to be made within a period of three hundred days of such creation on payment of such additional fees as may be prescribed

This is currently after 30 days within 60 days you have to file with additional fees.

This is significant welcome developement to reduce to file an application to Regional director condonation of delay. So we need to file an application after 300 days as per companies bill 2011

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