NOW , YOU CAN REGISTER THE CHARGES WITH CONDONATION FEES UP TO 300 DAYS OF CREATION OR SATISFACTION OF CHARGES UNDER COMPANIES ACT 2013

NOW , YOU CAN REGISTER THE CHARGES WITH CONDONATION FEES UP TO 300 DAYS OF CREATION OR SATISFACTION OF CHARGES UNDER COMPANIES ACT 2013

More Rigorous fines and imprisonment if the Company fails to file Charge within the Deadline Under the New Companies Act

 

Registration of Charges under the Companies Act 2013

 

Section 77 (1) read with Section 78 & 79 – Registration of Charges

Form 6.1  within the period of 30 days

With the condonation fees up to 300 days ( 30 days + 270 days)

Satisfaction of Charges – Form No 6.4 with in 30 days

With condonation fees up to 300 days ( 30 days + 270 days)

Section 86 of CA 2013- If any company contravenes any provision of this Chapter, the company shall be punishable with fine which shall not be less than one lakh rupees but which may extend to ten lakh rupees and every officer of the company who is in default shall be punishable with imprisonment for a term which may extend to six months or with fine which shall not be less than twenty-five thousand rupees but which may extend to one lakh rupees, or with both.

Directors fined under these provision may be disqualified to assume certain positions as prescribed in the other Acts.