What is ROC return filing?
Who can file ROC return?
What is ROC documents?
Is ROC filing mandatory?
Can ROC returns be revised?
Increase in Penalty for Not Filing Annual Return
Normally, the Government fee for filing or registering any document under the Companies Act required or authorized to be filed with the Registrar is Rs.200. A private limited company would be required to file form MGT-7 and form AOC-4 each year and the government fee applicable if filed on time would be Rs.400. In case of delay in filing of annual return, the penalty as mentioned would be applicable:
Due date for company annual return & income tax return.
|Period of Delay||Current Penalty||Proposed Penalty|
|Upto 15 days (sections 93,139 and 157)||Rs.400||Upto Rs.3000|
|More than 15 days and upto 30 days (Sections 93, 139 and 157) and upto 30 days in remaining forms.||Rs.800||Upto Rs.6000|
|More than 30 days and upto 60 days||Rs.1600||Upto Rs.12000|
|More than 60 days and upto 90 days||Rs.2400||Upto Rs.18000|
|More than 90 days and upto 180 days||Rs.4000||Upto Rs.36000|
|More than 180 days and upto 270 days||Rs.4800||Upto Rs.54,000|
|Delay beyond 270 days||Rs.100 per day||Rs. 100 per day per form|
So under the current rules, the maximum penalty applicable for delay of upto 270 days is 12X of normal fee which would be Rs.4800.