Penalty on delay after 270 days

Yogita Bhatia (Company Secretary) (116 Points)

06 June 2014  

Dear All,

What are the provisions under Companies Act, 2013 Regarding Penalty on Delay after 270 days.

As per table of fees given on MCA website, the additional fee payable for delay upto 270 days is 12 times the normal fee. Beyond this delay, no fee has been prescribed

So, Please suggest the provisions Regarding Penalty on Delay after 270 days and its consequences (i.e. Penalty or fine)

Thanks