Fees - As prescribed in Schedule X - Guidelines for standardisation of additional fee for purpose of section 611(2) - Companies Law - Circular : No. 14/3/87-CLV. Vol. III,

Circular : No. 14/3/87-CLV. Vol. III, dated 21-3-1995. Subject:- Fees - As prescribed in Schedule X - Guidelines for standardisation of additional fee for purpose of section 611(2) The Department of Company Affairs had earlier streamlined and standardised the additional fee under section 611(2) of the Companies Act, 1956, on June 16, 1994 ( see Annex ), in respect of companies having authorised share capital up to Rs. 1 crore for delays up to one year in case of Form No. 5 under section 97 of the Act relating to increase in the authorised share capital and for delays up to six months in respect of other documents filed by companies with the Registrars of Companies. This liberalised procedure is working well. As per recommendations made by the Review Committee (Joshi Committee) set up by the Department, it has now been decided that the standardisation of additional fee be extended to all the companies irrespective of their authorised share capital and period of delay. Accordingly, the levy of fixed rates of additional fee will be regulated according to the following table with effect from May 1, 1995: Table Fixed rates of additional fee under section 611(2) of the Companies Act, 1956 Document Period of delay Fixed rate of additional fee (1) (2) (3) ( a ) Form No. 5 under section 97 relating to increase in authorised share capital ( i ) Up to one year 2 per cent per month on the fee payable under para I.3 or II. 11 of Schedule X, as the case may be. ( ii ) More than one year 2.5 per cent per month on the fee payable under para I.3 or II. 11 of Schedule X, as the case may be. ( b ) Other documents ( i ) Up to one month One time of normal filing fee ( ii ) More than one month and upto three months Two times of normal filing fee ( iii ) More than three months and up to six months Four times of normal filing fee ( iv ) More than six months and up to one year Six times of normal filing fee ( v ) More than one year and up to two years Eight times of normal filing fee ( vi ) More than two years Nine times of normal filing fee Fixed rates of additional fee as specified in column 3 of the above Table, shall be paid by the companies at the time of filing the documents. Documents filed belatedly will not be accepted by the Registrars without payment of additional fee. Registrars of Companies will not now be required to issue show-cause notice/demand notice for late filing of documents by the companies. The aforesaid liberalised procedure will be convenient not only to the companies, but will also result in taking the documents on record expeditiously for public inspection. Copy forwarded to Press Information Officer, Ministry of Law, Justice and Company Affairs, Department of Company Affairs, New Delhi, or giving it a wide publicity.