penalty

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atul kumar mall (Querist)
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13 February 2011 Hi friends,

Plz tell the amount of penalty if Form 23AC & 23ACA are not filled timely ?

Thanks & Regards
Atul Kumar Mall

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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13 February 2011
It has been decided to revise the additional fees payable as per Section 611(2) of the
Companies Act, 1956 (except for Form 5) as per below details with effect from 5th December
2010 :-
Period of Delay Fixed rate of additional fee
Upto 30 days Two times of normal filing fee
More than 30 days and upto 60 days Four times of normal filing fee
More than 60 days and upto 90 days Six times of normal filing fee
More than 90 days Nine times of normal filing fee
In order to avoid payment of additional fees, please file within stipulated time.

For circular see below link---

http://www.mca.gov.in/Ministry/latestnews/CircularFEE_22nov2010.pdf

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