Amendment in Section 403 of Companies Act, 2013 to come into effect from July 01, 2022

On January 11, 2022, the Central Government appoints July 01, 2022, as the date on which the provisions of section 56 of the Companies Amendment Act, 2020 shall come into force.

Section 56 of the Companies Amendment Act, 2020 provides-

  • In section 403 of the principal Act, in sub-section (1), for the third proviso, the following proviso shall be substituted, namely:—

“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.”.

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