Delay of 108 foam

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 February 2012 Dear Sir,
I have delayed my submission of 108 Foam by 9-11 months how much i do have pay as a late fees on same and how i have to pay i mean in DD or in cash, and if it is in DD than in whos favor the DD will be ??

Waiting for your Prompt Revert

Regards,
Bhavesh Parmar

Ajay Mishra

Ajay Mishra (Expert)
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23 February 2012 Hi

50,61(1), 71 & 75 – Condonation of delay in submission of Form No.108 & 114.

If delay is 30 days Rs.100

If delay is between 31 -180 days Rs. 300

Beyond 181 days Rs. 1000/-

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Ajay Mishra

Ajay Mishra (Expert)
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23 February 2012 The requests for condonation should be accompanied by the appropriate forms, alongwith prescribed fee, by way of Demand Draft/Local Account Payee Cheque, drawn in favour of The Secretary, The Institute of Chartered Accountants of India, payable at the cities where the Decentralised Offices of the Institute are located. The applicants are requested to enclose all
relevant information/documents necessary for condonation, alongwith the fee.
The Council also decided about the delegation of authority for condonation at various levels as
under:
Period of delay Authority
Upto 6 months DCO Head
6 months to 1 year Secretary
Above 1 year wherever applicable Vice-President/President
The above has come into force w.e.f. 1st April, 2002.
The Executive Committee at its 402nd meeting held in June 2002 decided that the cases for
condonation of breach of Regulations 190(4) and 190(7) which are received by the office
after/beyond 2 years of the period excluding the period of a month prescribed under
Regulations be considered by the Executive Committee and that the Committee will decide on
case to case basis.
Refer to para 2.15 for delegation of authority regarding delay in submission of Form No. 112.

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