M C A new fee Structure is horrible.

New fee structure of Ministry of Corporate Affairs is not affordable, especially for small companies. Moreover, the number of forms to be filed annually with Registrar of Companies is also increased. Now every company has to file at least five filings per year as follows:

1.   Annual accounts

2.   Annual return

3.   Disclosures of interests by Directors

4.   To approve quarterly, half yearly and annual financial statements or financial results as the case may be.

5.   Appointment of auditors
See the impact of new fee Structure

Sl no	Period of delay	Fee/additional fee	Example If fee is Rs. 300	Example If fee is Rs. 600
01	Normal fee		300	600
02	15 days(Section-93,139,157)	1 time	600	1200
03	More than 15 days and upto 30 days	2 times	900	1800
04	30-60 days	4 times	1500	3000
05	60-90 days	6 times	2100	4200
06	90-180 days	10 times	3300	6600
07	180-270 days	12 times	3900	7800
Normal fee structure
01	Upto Rs. 1,00,000.00	200
02	Upto Rs. 5,00,000.00	300
03	Upto Rs. 25,00,000.00	400
04	Upto Rs. 1,00,00,000.00	500
05	Rs. 1,00,00,000.00 and more	600

Upto March31, 2014 maximum fee was actual fee plus 9 times additional fee and there was no restriction of 270 days. Now the maximum fee is 12 times and which also limited to 270 days. Ministry does not saying anything about delay after 270 days.

The intention of the ministry is not to make money, but insisting the companies to comply with the Act and Rules.

Whatever may be the reason; this is a burden to companies. So every company has to take care to file the forms and returns within the prescribed time to avoid additional financial burden.