ROC fees upto Rs. 50,000 to be compulsorily made electronically w.e.f. 27/03/2011

India is going Electronic. ROC has notified that all payments upto Rs. 50,000 shall be accepted only online w.e.f from 27th March, 2011.

Challans of above Rs. 50,000 shall be accepted either online or by Paper Challan. However, the same will also be accepted only online from 1st October, 2011.

Below is the Circular for ready reference.

Regarding Payment of MCA fees –electronic mode-  General Circular – dated 09.03.2011

No. HQ/9/2002-Computerization
Government of India
Ministry of Corporate Affairs

5th Floor, A Wing, Shastri Bhavan
Dr. R.P. Road, New Delhi-110001
Dated 9^th March, 2011

CIRCULAR

Sub: Payment of MCA fees –electronic mode-regarding

Ministry has reviewed the processes involved in delivery of important services to stakeholders, with a view to identify and improve the components causing delay in disposal of applications. Payment confirmation is found to be a major bottleneck in delivery of services in respect of offline payment made by physical challans .It was found that often there was a delay in confirmation of payments by physical challans, as banks have been given a reporting time of ‘T’+3 days, as per payment procedure approved by C&AG,‘T’ being the transaction date. This leads to delay in creation of work item for disposal of an application/e-form, leading to inconvenience of stakeholders. On the other hand, it was found that wherever fees were paid online in the system, the work item was created faster and the approvals were speedier as banks are following’ T’+1 for reporting online payments.

2.                                     In the interest of stakeholders, with a view to improving service delivery time, Ministry has decided to accept payments of value upto Rs.50,000, for MCA 21 services ,only in electronic mode w.e.f 27th March, 2011.

3.                                     For the payments of value above Rs. 50,000, stakeholders would have the option to either make the payment in electronic mode, or paper challan. However such payments would also be made in electronic mode w.e.f .1st October’201 1.

Yours faithfully,

( Nirupama Kotru)

Director

Source:MCA