sir my company fails to file aoc-4 and mgt-7 of fy 2021-22 and also ca has signed the balance sheet on 15-january 2023.. pls guide me what quantum of penalty will be applicable. ?
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Quick Summary
This discussion addresses the penalties for failing to file AOC-4 and MGT-7 forms for FY 2021-22, especially when the balance sheet was signed after the due date. It outlines the escalating penalties for late MGT-7 filings based on the duration of the delay, and the daily penalties for late AOC-4 submissions.
Up to 30 Days - 2 times of normal fees
More than 30 days and up to 60 days - 4 times of normal fees
More than 60 days and up to 90 days - 6 times of normal fees
More than 90 days up to 180 days - 10 times of normal fees
More than 180 days - 12 times of normal fees
The penalties for delay in filing the AOC-4 Form are as follows:
If the form is filed within 30 days of the due date, a fee of Rs. 100 per day of delay will be imposed.
If the form is filed more than 30 days after the due date, a fee of Rs. 200 per day of delay will be imposed.