Why condonation for delay is required?
- Relevant provisions related to condonation
2. Cases where condonation is required
Section 460 of Companies Act, 2013 elaborates about the matters related to Condonation of delay in certain cases, it states that notwithstanding anything contained in this Act,—
- Where any application required to be made to the Central Government under any provision of this Act in respect of any matter is not made within the time specified therein, that Government may, for reasons to be recorded in writing, condone the delay;
B. Where any document required to be filed with the Registrar under any provision of this Act is not filed within the time specified therein, the Central Government may, for reasons to be recorded in writing, condone the delay.
Basically, Condonation of delay refers to the approval/ acceptance of the delays made by the parties on filling of certain documents or application to the CG or ROC.
