Condonation for Late Filing og MGT-14

[manisha gahlan]

Dear all,

We have filed MGT-14 beyond 300 days for Adoption of Accounts (Section 134) and for Disclosure of Interest u/s 184(1). Does condonation of delay as per Section 460 applies over it? And if yes then can we file single application for both matter or seperate petition is required to be filed. Kindly resolve. Its Urgent.

Regards,

Manisha

[CA Sumit Parolia]

how many MGT-14 u file it? one or two .? YES Condonation of delay required

Regards,
ACA SUMIT PAROLIA
S PAROLIA & ASSOCIATES
Practicing Chartered Accountants
Kolkata

E-mail: Ca.pa...@gmail.com

--
--
************************************************
Mail your comments, feedback and suggestions on CSMysore to Moderator: datta...@gmail.com and Manager: vivekhe...@gmail.com
---
You received this message because you are subscribed to the Google Groups "CSMysore" group.
To unsubscribe from this group and stop receiving emails from it, send an email to csmysore+u...@googlegroups.com.
For more options, visit https://groups.google.com/d/optout.

[manisha gahlan]

One MGT-14 as it is a small company having paid up of Rs. 1 Lakh

[CS Simranjeet Singh]

how u were able to file MGT-14.. i believe u must have done within 300 days.. otherwise it won't allow u to file and asks for SRN of a form]

 

 

With Best Regards?

Simranjeet Singh

Associate Company Secretary

"To know, is to know that you know nothing. that is the meaning of true knowledge."

 

   

[manisha gahlan]

Obviously MGT-14 cannot be filed thats why we have to seek condonation. But there are 2 matter: Adoption of Annual Accounts and Disclosure of Interest by Director which were passed on same day in August. So do we need to file separate petition or single petition will do.

[puneet khurana]

Dear Manisha, 

 

You can file it by mean of single petition. This condonation is for not filing of MGT-14 with ROC in terms of Sec 117. It is not a case for breach of provision of Sec 134 & Sec 184. These two section not telling about filling of MGT-14.

So you can file single petition. Hope so you got my point.

With Warm Regards,

Puneet Khurana

Mob:+91-9034164140

        +91-9034464140

[CS Simranjeet Singh]

dear manisha pls chek ur query.. u have said 

We have filed MGT-14 beyond 300 days for Adoption of Accounts (Section 134) and for Disclosure of Interest u/s 184(1)

 

 

With Best Regards?

[Deepti Jairaj]

Dear friends,

please share your views on the below queries

1) Can anyone please share the draft of documents to be prepared for condonation of delay for filing MGT14 beyond 300 days?

2) Can a single petition/application for condonation of delay be done for 2 resolutions passed at the same meeting both of which are required to be filed with ROC in Form MGT14?

3) What is the approximate fees/penalty levied on the company in case of condonation of delay?

[CS Sunil Sharma]

Dear Deepti,

I can share my personal experience, may be this is helpful to you.

Please see my response against your queries:-

1) Can anyone please share the draft of documents to be prepared for condonation of delay for filing MGT14 beyond 300 days? 

You need to prepare a simple application (containing facts, reasons for delay and request) for condonation of delay to be filed alongwith resolution under CG-1

2) Can a single petition/application for condonation of delay be done for 2 resolutions passed at the same meeting both of which are required to be filed with ROC in Form MGT14?

In our case we have filed an application for single resolution but, I think you can file an application both resolutions of same meeting for condonation of delay.

3) What is the approximate fees/penalty levied on the company in case of condonation of delay?

You have to pay fee for filing form CG-1 - pls refer instruction kit of CG-1 for the details depending upon your capital base. penalties - no idea no practical case comes to my knowledge.

Regards,

Sunil

Regards...

Sunil Sharma
(B.Com, C.S. & LLB)
Contact No. +91-9650872243

                  +91-9868977722

 

[Deepti Jairaj]

ok, thanks a lot 

[mansi aggarwal]

can i please get the format of that application???

On Wednesday, September 23, 2015 at 3:20:17 PM UTC+5:30, Sunil Sharma wrote:

[cspar...@gmail.com]

Normally mgt 14 will not get check form without entering srn of Inc 28. Then what is the present status of the form.

[CS Sumit Talreja]

Dear Sunil Ji,

Has the delay be condoned.
As we have also made an application and waiting fr approval.

Thanks & Regards,
CS Sumit Talreja