The Ministry of Corporate Affairs have decided to levy additional fees in delay in filing of Form 23C -Application to the Central Government for Appointment of Cost Auditor. The additional fees will range from two times of normal fees to 9 times of normal fees on delay of more than 90 days. Companies which are required to file form 23C are advised to file the form within time to avoid paying additional fees. The text of notification is provided below for your reference.

[TO BE PUBLISHED IN THE GAZETTE OF INDIA,

EXTRAORDINARY PART-II, SECTION-3, SUB-SECTION (i)]

GOVERNMENT OF INDIA; MINISTRY OF CORPORATE AFFAIRS

NOTIFICATION

NEW DELHI, the 7th August, 2012

G.S.R. 617(E).- In exercise of the powers conferred by sub-section (1) of section 642, read with sub-section (2) of section 637A of the Companies Act, 1956 (1 of 1956), the Central Government hereby amends the notification of the Government of India in the erstwhile Ministry of Law, Justice and Company Affairs (Department of Company Affairs) number G.S.R. 501(E), dated the 6th July, 1999 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 6th July, 1999, namely:-

2. In the said notification, after sub-rule (3), and Table-III, the following sub-rule (4) and Table-IV shall be inserted, namely:-

“(4) In case of delays in filing applications with the Central Government under sub-section (2) of section 233B of the said Act, the fee as specified in the Table-IV below shall be applicable:

Table – IV

Note: Normal fee means the fee as given in the Table-I above.”

[File No. 52/5/CAB-2011]

B.B.GOYAL

Adviser (Cost)

Note:- The principal notification was published in the Gazette of India, Extraordinary

Part II, section 3, sub-section (i), vide G.S.R. 501(E), dated the 6th July, 1999,