Overview
Company Annual Compliances refers to the process of submitting the required documents and information to the Registrar of Companies (ROC) annually, as per the provisions of the Companies Act. The documents typically include:
1. Financial statements (Balance Sheet, Profit and Loss Statement, and Cash Flow Statement)
2. Annual return, which provides information on the company's shareholders, directors, and other details
3. Any other forms or documents required by the ROC.
The purpose of annual compliances is to provide transparency and accountability to the government and stakeholders, and to ensure that the company is in compliance with legal requirements.
Our Expert team of professionals at SureTax Fincare will provide you necessary assistance and guidance in Annual Compliance of Company.
Various Forms and Due Dates:
Particulars | E-Forms | Due date for filing |
Appointment of Auditor | Form ADT-1 | Within15 days from the conclusion of AGM |
Filing of Annual Accounts | Form AOC-4 and Form AOC-4 CFS (in case of Consolidated financial statements) | Within 30 days from the conclusion of the AGM |
Filing of Annual Accounts in XBRL mode | Form AOC-4(XBRL) | Within 30 days from the conclusion of the AGM |
Filing of Annual Return | Form MGT-7 | Within 60 days from the conclusion of AGM |
Filing of resolutions with MCA regarding Board Report and Annual Accounts | Form MGT-14 | Within 30 days from the date of Board Meeting |
Filing of Cost Audit Report | Form CRA-4 | Within 30 days from the receipt of Cost Audit Report |
Frequently Asked Question
| Not filing the required returns and forms with the Registrar of Companies (ROC) in India can result in serious consequences, including fines, penalties, and legal action. Some of the common consequences of not filing ROC returns are: | ||||
| 1. Financial penalties - Companies and individuals who fail to file the required returns or forms with the ROC may be liable for financial penalties, including fines and surcharges, based on the specific rules and regulations. | ||||
| 2. Disqualification of directors - In some cases, the non-filing of returns or forms can lead to the disqualification of directors, and they may be prohibited from being appointed as directors of any company for a specified period of time. | ||||
| 3. Legal action - The MCA may initiate legal proceedings against companies and individuals who fail to file the required returns or forms, including prosecution under the Companies Act, 2013. | ||||
| 4. Suspension of company registration - The ROC may take action to suspend the registration of companies that are in default of their filing obligations, which can result in the company being unable to carry out its normal business activities. | ||||
| 5. Loss of reputation - Non-compliance with the ROC filing requirements can damage the reputation of the company and its directors, and may result in a loss of credibility with stakeholders and the public. |