- The Central Government has appointed the 01st July, 2022 as the date on which the following provisions of the Companies (Amendment) Act shall come into force regarding Section 403 Companies Act, 2013.
- Accordingly, revised Section 403(1) of the Companies Act, 2013 is as follows:
- Effective from 01.04.2014
(1) Any document, required to be submitted, filed, registered or recorded, or any fact or information required or authorised to be registered under this Act, shall be submitted, filed, registered or recorded within the time specified in the relevant provision on payment of such fee as may be prescribed.
- Substituted by the Companies (Amendment) Act, 2017, come into force: w.e.f. 07.05.2018
Provided that where any document, fact or information required to be submitted, filed, registered or recorded, as the case may be, under section 92 or 137 is not submited, filed, registered or recorded, as the case may be, within the period provided in those sections, without prejudice to any other legal action or liability under this Act, it may be submitted, filed, registered or recorded, as the case may be, after expiry of the period so provided in those sections, on payment of such additional fee as may be prescribed, which shall not be less than one hundred rupees per day and different amounts may be prescribed for different classes of companies.
- Substituted by the Companies (Amendment) Act, 2017, come into force: w.e.f. 01.07.2022
Provided further that any such document, fact or information may, without prejudice to any other legal action or liability under the Act, be also submitted, filed, registered or recorded, after the first time specified in first proviso on payment of fee and additional fee specified under this section.”
- Substituted by the Companies (Amendment) Act, 2020, w.e.f. 01.07.2022
Provided also that where there is default on two or more occasions in submitting, filing, registering or recording of such document, fact or information, as may be prescribed, it may, without prejudice to any other legal action or liability under this Act, be submitted, filed, registered or recorded, as the case may be, on payment of such higher additional fee, as may be prescribed.
- Substituted by the Companies (Amendment) Act, 2022, w.e.f. 07.05.2018
“(2) Where a company fails or commits any default to submit, file, register or record any document, fact or information under sub-section (1) before the expiry of the period specified in the first proviso to that sub-section with additional fee, the company and the officers of the company who are in default, shall, without prejudice to the liability for payment of fee and additional fee, be liable for the penalty or punishment provided under this Act for such failure or default.”
- The Ministry of Corporate Affairs has notified Companies (Registration Offices and Fees) Amendment Rules, 2022 which shall come into force w.e.f. 01st July, 2022.
