The Hindu Business Line : Filing fee for foreign cos raised

THE Department of Company Affairs (DCA) has revised the filing fees payable by foreign companies from the existing Rs 1,000 to Rs 5,000 per document. The revised rates have been made effective from May 15.

DCA has made this revision under Section 601 of the Companies Act, 1956 read with Rule 20 of the Companies (Central Government) General Rules and Forms, 1956. The department has further decided to condone delay in filing statutory documents by imposing cost as prescribed.

The Registrar of Companies (RoC), NCT of Delhi and Haryana, has been directed by the department to accept such cost along with the filing fee by permitting foreign companies to file statutory documents and returns.

The fee for late filing of the statutory documents up to one month will be the same as normal filing fees, for delay beyond one month and up to three months - two times the normal filing fees, for beyond three months and up to six months - four times the normal filing fees. The fees for delays beyond six months and up to one year would be six times, for beyond one year and up to two years eight times and of more than two years nine times the normal filing fees respectively.

According to an official release, the RoC of Delhi has been asked to ensure that revised rates of the payable and additional fees are collected from the foreign companies with effect from May 15.

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