Clb petition

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Abhijit Rane (Querist)
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18 February 2012
What is the limitation Priod (Time Limit) for filing Petition in CLB under section 141 of the Companies Act, 1956.
when will the period start whether it is the date of filing the delayed form or any other date. plz mention the provisions.

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Abhijit

CA Sumat Singhal

CA Sumat Singhal (Expert)
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18 February 2012 It was observed with the implementation of e-filing under MCA-21 e-governance programme that a large number of applications are required to be filed with the CLB for condonation of delay beyond the period of 60 days. In consideration of the time and costs involved in pursuing these applications with the CLB, the Ministry of Corporate Affairs filed a petition before the CLB seeking appropriate directions to allow the Central Government to extend the time, in cases where filing of the particulars or the registration/ modification of the charge or the intimation of payment or satisfaction thereof does not take place within a period of 60 days and 30 days respectively, up to a period not exceeding 300 days from the date of event, on levy of additional fee prescribed under section 611(2)