Influx at Company Registrar's office to escape increased fee

The Department of the Registrar of Companies saw an influx of over 150 fighting their way into the premises to avoid the increased registration fee to be imposed from today (January 1).

The crowd gathered in a desperate attempt to avoid having to pay Rs.60,000 as company registration fee as opposed to the Rs.5000 fee that is charged upto December 31. This imposition created more alarm as the fee for cancellation or striking a company off the registry was increased to Rs.250,000 from January 1.