Section 468

Acceptance of documents presented after prescribed time.— (1) Notwithstanding anything contained in section 479, where any document required under this Act to be filed or registered with the registrar is presented after the expiry of the prescribed period, the registrar may accept the same, on payment of the fee as specified below:

(a) within ninety days, a fee equivalent to two times;

(b) within one hundred and eighty days, a fee equivalent to three times;

(c) within one year, a fee equivalent to four times;

(d) within two years, a fee equivalent to five times; of the prescribed fee payable in respect thereof:

Provided that nothing contained in this sub-section shall be applicable to the public interest company.

(2) No such document as aforesaid shall be deemed to have been filed with the registrar until the specified fee, has been paid in full.

(3) The acceptance of the document by the registrar under sub-section (1) shall not absolve the defaulting company or other person concerned of any other liability arising from the default in complying with the requirements of this Act:

Provided that no proceeding shall be initiated against the company or any of its officers on account of delay in filing of any document required under this Act to be filed or registered with the registrar which is presented by the company or other person concerned on the payment of fee as specified under sub-section (1) and within the period as specified therein.