delay condonation penalty
Please tell us the NIC code for NGO as Section 8 Company
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Hi Ask Members,
We have some companies who have approached us for filing of INC-20A, Declaration for Commencement of Business. As per Law, if the company does not file INC-20A within 6 months of incorporation, the concerned ROC can strike off the name of the company from the Register of Companies. Will filing of INC-20A after 6 months cause any issues later on and might attract strike-off notice from ROC?
incorporation months after filing
Hi Ask Members,
I have one company that missed out to file SH-7 eForm since the last year 2020 Dec and so far there are a total of 3 SH-7 pending as of date.
What is the way to calculate additional fees as MCA only offers fees for the increased capital and unless we file the previous form, how to arrive at the fees of subsequent forms?
Please help if you have any experiences as such.
filing form late fees additional
Hi Members,
Looking at the difficulties of entrepreneurs, GOI launched the Exemption under Angel Tax. Can somebody explain the procedure if any startup has secured an angel funding round and is there any limit of exemption?
Hi Everyone,
While filing eForm INC-24 and filling MGT-14 Form filing date, the error is showing as a java pop that
"Date should be less than or equal to system date".
Kindly help.
Hi Members,
As with the latest gazetted notification, professionals can form multidisciplinary firms for their practice. My question is what would be the name guidelines for forming such entities to go in the corporate format?
firm professional multidisciplinary
Hi CC Members,
According to you what are the best instruments for startup funding?
instrument funding startup
Dear CC Members,
I wish to know from you which instrument is most viable for a startup?
a) Equity Shares
b) Convertible Notes
c) CCPS
d) Any other
instrument funding startup 
Filing of form CHG-1 for registration of charges shall be regulated as per the following table:
Scenario
Date of Charge creation/ modification
Filing allowed up to
Condonation allowed
1
On or before 6th July 2018*
1st May 2019
No
2
From 7th July 2018 to 1st November 2018*
T+299
No
3
From 2nd November 2018*
T+120
No
Note: ‘T’ refers to the date of charge creation/ modification
*Dates computed as per the provisions of Section 77 as amended by the Companies (Amendment) Ordinance, 2019
Fee Rules S. No
Purpose of the form
Normal Fee
Additional Fee (Delay Fee)
Logic for Additional Fees
Logic for Ad-valorem fees
Event Date
Time limit (days) for filing
Event Date
Time limit (days) for filing
1.
Creation of new charge /Modification of charge
The Companies (Registration of offices and Fee) Rules, 2014
Date of Creation/ Modification of Charge on or after 2nd November 2018.
30 Days
(Refer Part B below)
-Date of Creation/ Modification of Charge[applicable only if date of creation/modification of charge is on or after 02 November 2018.
60 days
(Refer Part B below)
2.
Creation of new charge /Modification of charge
The Companies (Registration of offices and Fee) Rules, 2014
Date of Creation/ Modification of Charge prior to 2nd November 2018
30 Days
(Refer Part A below)
N/A
N/A
Normal fee
In case of Indian company having share capital Nominal Share Capital
Fee applicable
Less than 1,00,000
Rupees 200
1,00,000 to 4,99,999
Rupees 300
5,00,000 to 24,99,999
Rupees 400
25,00,000 to 99,99,999
Rupees 500
1,00,00,000 or more
Rupees 600
Additional fees
A. Charges created or modified before 02.11.2018, and allowed to be filed within a period of 300 days of such creation or six months from 02.11.2018 (i.e. 1st May 2019), whichever is later:
Period of delays
Fee applicable
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 and up to 180 days
10 times of normal fees
More than 180 days
12 times of normal fees
a) The following additional fees or advalorem fees, as the case may be, shall be payable up to 31st July, 2019, by all companies:- Period of delays
Fee applicable
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