GUIDELINES FOR FILING STATUTROY APPLICATIONS UNDER SECTION 211.

Applications seeking exemption under Section 211 of the Companies Act should be accompanied by :

(i) Demand draft drawn in favour of the Pay & Accounts Officer, Department of Company Affairs and payable at New Delhi for amount as indicated below:

(a) Rs. 500/- for companies with authorised share capital of

less than Rs. 25 lacs

(b) Rs. 1000/- for companies with authorised share capital of

Rs. 25 lacs or more but less than Rs. 5 crores.

(c) Rs. 2000/- for companies with authorised share capital of

Rs. 5 crores or more.

(ii) Specific Board resolution in support of the proposal indicating specific paras of Part II of Schedule VI and the financial year in respect of which exemption is sought.

(iii) Annual report of the company for the year previous to the one for which exemption is sought.

(iv) Copies of approvals under Section 211 obtained, if any, during the last three financial years.

The following information should invariably be furnished with the application:

(i) The financial year for which exemption is sought.

(ii) Precise reasons/justification for seeking exemption.

(iii) Latest year for which Accounts have been adopted by the company.

(iv) If the company had been complying with the requirements in the past, reasons as to why the compliance has become difficult/not possible.

(v) It should be indicated as to whether the company is maintaining proper purchase/ sales/ stock registers so as to furnish true and fair view of its state of affairs in compliance of Sections 209/211 read with Schedule VI to the Act.

(vi) Details of total turnover and exports made by the company during the last three financial years and during the first six months of the financial year in respect of which exemption is sought.

The companies may have to furnish any other additional information as may be asked for by the Department.