For all the stakeholders  who were fed-up and gave up their efforts to the Ministry can relax and rejoice with the issue of the Circular wherein the Ministry has  relaxed the additional fee payable on e-forms which are due for filing by companies between 25th March 2016 to 3oth April, 2016 as one time waiver of additional fee.

So, for all those who were giving up their sleep thinking about the compliance of due date shall cheer up as even if you have not fulfilled the date of filing, no additional fees shall be charged.

 

Ministry of Corporate Affairs has issued a Circular No. 3/2016 dated 12/04/2016 and provided much demanded relaxation of additional fees and extension of the last date of filing of various forms under the Companies Act, 2013.

 

Due to V2R2 system launched on 28^th March, stakeholders have to face various problems. Ministry have received various representations on the matter. Thus, it has been decided to relax the additional fee payable on e forms which are due for filing by companies in between 25th March, 2016 to 30th April, 2016.

 

In regard to this circular it is to be noted that-

Relaxation of additional fees is one  time waiver of Additional Fee and it is also clarified to stakeholders that is such due forms are filed after 10th May, 2016, no such relaxation shall be allowed. Thereby, upto 10th May no additional fee will be levied for the filing which are due between 25th March to 30th April.

 

 The relaxation of additional fee waiver vide General Circular No.03/2016 dated 12th April 2016 is likely to be implemented in production by 18th April, 2016.

 

Undoubtedly the relaxation of additional fees and extension of last date of filing of various e-Forms under the Companies Act has given a big relief to the stakeholders but such relaxation has been given to cover up the limitations of the Ministry. Relaxation from Additional Fees to cover up Ministry fault.

 

We as stakeholder wish that this kind of issue gets resolved soon so that filings to the Ministry remain hassle free.

Download the Circular.

For comply with RoC compliance, visit taxmantra.com.

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