Thursday, June 28, 2012

Statutory Audiotors now required tp PAY ROC fees on their appointment

Ministry of Corporate affairs has vide its General Circular No. 14/2012, dated 21-6-2012 imposed  fees on various forms which were free of cost. One such form was E-form-23B which in an Intimation to ROC by statutory auditors regarding their appointment. So now fee shall be payable based on Authorised Capital of the Company. Additional fee provisions shall also apply in case of delay. It shall be applicable from 21st July 2012.

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Delhi HC holds 10% pre-deposit requirement for penalty-only appeals inapplicable where SCN was issued before amendment

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