ROC Annual Filing Consultants in India

ROC Annual Filing Consultants in India

As per the rules and regulations of the ROC, every company in India is required to file its annual report every year. Failure to do so can lead to fines and penalties against the directors and officers of the company. As such, it is important for management faculties to have a thorough knowledge of this compliance for the organization.

There are three main forms which companies have to file with the ROC every year. The first form is the ROC Form MGT 7, which lists information regarding shareholding structure, change in directorship, and share transfers in the financial year. The second form, the ROC Form AOC4, is the balance sheet. Both the ROC Forms must be filed within 30 days of the conclusion of the Annual General Meeting.

The penalty for non-filing an annual return is Rs 100 for each day it is not filed. The fine is not waived, but it does have a rectification procedure in case it is incomplete. As you can imagine, ROC annual filing is a very confusing process. For this reason, it is advisable to hire an experienced and reliable ROC Annual Filing Consultant in India.

ROC Annual Filing is an essential part of every company's legal compliance with the government. Under the Companies Act 2013, every company must file its annual return form with the ROC. The filing process involves filing of various forms, documents, and fees. The ROC is also responsible for ensuring that the company complies with all the laws and regulations. If you don't do this, the penalties are quite severe.

 


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