Company Annual Filing

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Company Annual Filing

All you need to know

A Company is an entity having a separate identity which requires maintaining its active status through the regular filing with MCA. For every company registered in India, including private limited, limited company, one person company and section 8 company, it is compulsory to file an annual return and audited financial statements with MCA for every financial year. The ROC filing is compulsory irrespective of the turnover i.e. whether it is zero or in crores. Whether a single transaction is undertaken or not, annual compliances are mandatory for every registered company.

 

It is mandatory to conduct an Annual General Meeting and filing of annual accounts with ROC. The due dates for annual filing depends upon the date of Annual General Meeting. AGM must be conducted within the period of 6 months from the end of financial year which is 30th September every year. And in case of new company, the 1st AGM should be conducted within 18 months from the date of incorporation or 9 months from the close of financial year whichever is earlier. As per Companies Act 2013, it is mandatory that your financial year should start from 1st April and end on 31st March.

 

The company are required to file following forms with ROC:

  • ROC Form AOC4: This form contains details and annexure relating to Balance Sheet of the Company, Profit & Loss Account, Compliance Certificate, Registered Office Address, Register of Member, Shares and Debentures details, Debt details and information about the Management of the Company. The due date for ROC Form AOC 4 will be 30 days from the conclusion of the AGM.
  • ROC Form MGT 7: This form contains details of shareholding structure, change in directorship and details of the transfer of shares during the year if any. Due date for ROC Form MGT 7 would be within 60 days from the conclusion of AGM.
  • ROC Form ADT 1: This form is filed for auditor appointment. The due date for ROC Form ADT 1 would be within 15 days from the conclusion of AGM.
 
 
Penalties for non-compliance in company return filing:

Non-filing of Annual returns leads to heavy penalties. These are over and above normal fees charged by MCA and there is no way to reduce the penalties. The continuous failure may lead to the removal of the company’s name from ROC’s register, including disqualification of directors. Also, it has been observed that MCA has actively taken bold steps for dealing with any such failures.

 

Company Annual Filing Fees

BASIC

3499 (All Inclusive)
  • Form AOC-4
  • Form MGT-7
  • Form ADT-1
  • Annual filing of company having turnover upto Rs. 50 lakhs
  • Drafting of AGM Notice
  • Statutory Register
  • Board Meeting Minutes – 4
  • AGM Minutes
  • Income Tax filing upto turnover of Rs. 50 lakhs

STANDARD

9999 (All Inclusive)
  • Form AOC-4
  • Form MGT-7
  • Form ADT-1
  • Annual filing of company having turnover upto Rs. 50 lakhs
  • Drafting of AGM Notice
  • Statutory Register
  • Board Meeting Minutes – 4
  • AGM Minutes
  • Income Tax filing upto turnover of Rs. 50 lakhs
Popular

PREMIUM

19999 (All Inclusive)
  • Form AOC-4
  • Form MGT-7
  • Form ADT-1
  • Annual filing of company having turnover upto Rs. 50 lakhs
  • Drafting of AGM Notice
  • Statutory Register
  • Board Meeting Minutes – 4
  • AGM Minutes
  • Income Tax filing upto turnover of Rs. 50 lakhs
  • Certification of Annual Return

Advantages of a Company Annual Filing

QuickBiz is a technology driven platform which offers legal & financial services over its team of professionals. Before applying this services applicant should know the list of advantages of this service in India.

Establishes Company’s Creditability

The fundamental requirement for any company is the compliance of law. When annual filing is done, the same is visible on MCA portal. The company’s master data on MCA portal shows the date of annual filing. For getting loan approvals and other similar assistance, consistency in compliance is an important criteria to measure the reliability of an organisation.

Attracts Investors

While attracting funds from the investors for a company, the investors demand all financial records till date before finalising any proposal. In two ways investors can seek financial data either by requesting the company directly or can also check the economic reports from the MCA portal. Investors may end-up  favouring companies with regular compliance reports.

Avoid Financial Penalties And Maintain the Active Status

Consistency in annual filing compliances avoid hefty financial penalties on company. Continuous failure in filing the annual return may also lead to removal of company’s name from ROC’s register. The directors of the company are also debarred from their further appointment.

List of Documents for Company Annual Filing

Our mission is to offer excellent support to our client in respect of all the legal compliances on affordable rates. Have a look at the list of documents required to avail this service.

Documents of Shareholders/Directors
  • DSC of Director
Company Related Documents
  • Incorporation Documents
  • Audited Financial Statements
  • Audit report and Board Report

Company Annual Filing Work Flow

Annual Filing Process in 5 steps
  • 1. Complete checklist
  • 2. Submit documents
  • 3. Documents for filing are prepared
  • 4. Filing of forms
  • 5. Receive Acknowledgement of forms filed

FAQs On Company Annual Filing

Get answers to all your queries

Yes, ROC filing is compulsory irrespective of the turnover i.e. whether it is zero or in crores. Whether a single transaction is undertaken or not, annual compliances are mandatory for every registered company since its first year.

Audited financial statements are mandatory for each and every company after its incorporation. The company must file the audited financial/administrative records only. Also, non-audit of the financial statement is not an excuse to delay the annual filing.

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