If you need further clarification regarding the process of our working, do watch this video. It is a step by step guide to understand how to apply for ROC Filing.
Just like Income tax return is submitted to income tax department, same as ROC returns are filed to registrar of companies with ministry of corporate affairs (MCA).
It is mandatory for companies to intimate about the management via prescribed ROC forms on annual basis. Every company is required to file the annual accounts and annual return as per The Companies Act, 2013 within 30 days and 60 days respectively from the conclusion of the Annual General Meeting. The ROC filing of annual accounts is governed under Section 129(3), 137, of The Companies Act, 2013 read with Rule 12 of the Company (Accounts) Rules, 2014 and annual return is governed under Section 92 of the Companies Act,2013 read with Rule 11 of the Companies (Management and Administration) Rules, 2014. Forms for ANNUAL FILING ARE AOC-4, MGT-7, ADT-1 and, Aoc-4 CFS, AOC -4 XBRL Etc.
The filing of annual forms requires the compilation of accounts for the entire year which helps to analyse the financial position of the company, i.e. company is incurring losses or making a profit. ROC return filing offers benefits beyond the mandated requirement.
The Government keeps the record of the existence of the companies on the basis of the regular filings which every company is required to file or else the company is considered fake and can be struck off Suo Moto by the ROC.
The timely and yearly filing of forms avoids the burden of penalty, which may arise due to non-filing as required by the law. Annual compliance will save your organisation from any legal complications.
The Concept of Additional Fees- The concept of the late or additional fees is can be understood in two parts:
Additional Fees for E-form AOC-4 (XBRL and Non-XBRL) and E-form MGT-7 after the due date is RS. 100 per day with effect from 1st July 2018.
Additional Fees for other forms
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