Condonation of Delay
Overview – Condonation of Delay
In corporate compliance, timely filing of statutory documents and forms with the Registrar of Companies (RoC) is mandatory under the Companies Act, 2013 and allied regulations. However, sometimes companies miss these deadlines due to genuine reasons. Condonation of Delay is a legal remedy that allows companies to request the RoC or concerned authority to accept delayed filings after the due date by granting exemption from penalties or legal consequences.
This process involves submitting an application explaining the reasons for delay along with the required documents and payment of additional fees. Approval of condonation helps companies regularize their compliance status and avoid prosecution or penalties.
At Cardiff Services, we assist clients in drafting strong, legally sound applications for condonation of delay, managing filings, and liaising with authorities to obtain timely approval, thereby safeguarding your company’s legal standing.
Features – Condonation of Delay
Cardiff Services offers expert assistance in securing condonation of delay for late statutory filings under the Companies Act, 2013 and related regulations. Key features of our condonation services include:
- Applicable for Various ROC Filings
Supports delay condonation for multiple forms such as annual returns, financial statements, event-based filings, and other statutory documents. - Legal Remedy for Missed Deadlines
Helps companies regularize late filings by obtaining official permission from the Registrar of Companies (RoC). - Customized Application Preparation
Drafts precise and legally compliant applications explaining the reasons for delay and justifying the need for condonation. - Fee Calculation and Payment Guidance
Assists in calculating additional filing fees and penalties applicable due to the delay and facilitates timely payment. - Liaison with Regulatory Authorities
Handles communication and follow-up with RoC and MCA officials for smooth processing of the condonation application. - Avoidance of Prosecution and Penalties
Minimizes the risk of prosecution, penalties, or legal complications arising from late statutory filings. - Compliance Restoration
Ensures restoration of your company’s compliance status by getting delayed filings accepted and recorded. - Timely Filing Support
Provides timely reminders and support to avoid future delays in compliance submissions.
With Cardiff Services, your company can efficiently manage and resolve late filing issues, ensuring peace of mind and uninterrupted business operations.
Documents Required – Condonation of Delay
To apply for condonation of delay for late statutory filings under the Companies Act, 2013, certain key documents need to be submitted along with the application to the Registrar of Companies (RoC) or concerned authority. Cardiff Services assists in preparing and organizing all necessary paperwork for a smooth condonation process.
- Application for Condonation of Delay
A formal application in the prescribed format explaining the reasons for the delay in filing. - Affidavit/Declaration
Sworn affidavit or declaration by a director or authorized signatory affirming the facts and circumstances leading to the delay. - Board Resolution/Consent Letter
Certified copy of the Board resolution or consent letter authorizing the filing of the condonation application. - Copy of Statutory Documents to be Filed
Copies of the delayed statutory documents such as Annual Returns, Financial Statements, or other ROC forms. - Proof of Payment of Additional Fees and Penalties
Receipt or proof showing payment of late fees, penalties, or additional charges prescribed by MCA. - Supporting Documents Explaining Delay
Any relevant documents justifying the cause of delay, such as correspondence, medical certificates, or technical difficulties.
With Cardiff Services managing your condonation documentation, your application will be accurate, complete, and submitted promptly, increasing the chances of approval.
Procedure – Condonation of Delay
Condonation of delay is a crucial process that allows companies to regularize their late filings with the Registrar of Companies (RoC) under the Companies Act, 2013. Cardiff Services ensures a smooth and compliant process to avoid penalties and prosecution.
Step 1: Identify the Delayed Filing
Determine which statutory filing (Annual Return, Financial Statements, etc.) has been delayed and gather all relevant details.
Step 2: Board Resolution
Convene a Board Meeting and pass a resolution authorizing the filing of the delayed documents along with the application for condonation of delay.
Step 3: Prepare Application for Condonation
Draft a detailed application explaining the reasons for the delay, supported by an affidavit/declaration and any supporting evidence.
Step 4: Calculate Additional Fees
Determine the late fees and penalties payable as per MCA guidelines for the delayed filing.
Step 5: File Documents and Application with RoC
Submit the delayed statutory documents along with the condonation application and proof of payment of additional fees to the Registrar of Companies.
Step 6: Follow-up with Authorities
Maintain communication with the RoC or MCA for any clarifications or additional requirements.
Step 7: Obtain Approval
Once satisfied, the RoC grants approval for condonation, and the delayed filings are accepted and regularized.
Step 8: Maintain Records
Keep all approvals, receipts, and correspondence safely for future compliance audits.
With Cardiff Services managing your condonation of delay, you can avoid legal complications and restore your company’s compliance effortlessly and promptly.
Frequently Asked Questions
A company name search ensures that your chosen business name is unique, legally compliant, and not already registered with Companies House UK. It helps you avoid legal disputes, trademark issues, and confusion in the Cardiff business market.
If your desired name is already registered, you’ll need to choose a different name or modify it. Using a taken name could result in rejection by Companies House or potential legal issues. Our experts can help you brainstorm alternative names that are compliant and market-ready.
It’s not advisable to use a name that’s too similar to another company, especially within the same industry. Similar names can confuse customers and risk trademark disputes. A company name search helps you identify these risks early.
For a company name search in Cardiff, you may need:
Proposed company name
Business entity type (Ltd, LLP, Partnership, etc.)
Jurisdiction (Cardiff / UK)
Owner or shareholder details (if applicable)
Business description
A “high probability” result means your proposed company name is likely to be available, but further checks are recommended. This is why our detailed Cardiff Company Name Search Report includes both identical and similar names for clarity.
Certain words are restricted under UK law (e.g., “bank,” “insurance,” “government”). If you want to use them, you’ll need special approval from regulatory bodies. We guide you through this process if your Cardiff business requires such terms