ROC Annual filings complete guide

It is mandatory for all companies to file the annual returns and annual accounts within the first 30 days and 60 days of holding the Annual General Meeting according to the Companies Act, 2013. The annual ROC filing for company is abided by Section 129(3) of the companies act.

Following is the simple process for the ROC filing:

1. Conduct a board meeting in order to:

• Provide authorization to the company‘s director or secretary for preparing the annual return report and the board report.
• Provide authorization to the company‘s auditor for getting financial statements ready according to the schedule.

2. Conduct the next meeting for providing approval on the board reports, financial statements and the annual returns by the company’s director.

3. Hold the annual general meeting and pass all the required resolutions. The financial statements need to be considered as the final once only once they are given approval by all the shareholders during the general meeting.

E-forms required to be filed for annual ROC filing for firm

The various forms to be filed are as follows:

• Form ADT-1

This is filed for the appointment of the auditor within 15 days of the ending of the AGM meeting. It has to be filed mandatorily by the private, public, listed and one person company.

• Form AOC-4 and AOC-4 CFS

This is for filling the annual accounts of the company. It needs to be filed within the first 30 days of the ending of the annual general meeting and within 180 days from ending the financial year in case of OPC. It has to be filed mandatorily by the private, public, and one person company.

• Form AOC-4(XBRL)

This form is required for filing of annual accounts if the company in XBRL mode. The filing needs to be completed within 30 days of the date of AGM. The listed companies and their subsidiaries need to file this form.

• Form MGT-7

This is required for the filing of annual returns within 60 days of the AGM conclusion. It has to be filed by the private, public, listed and one person company.

• Form CRA-4

Form CRA-4 is filed for a cost audit report of the company within 30 days of generation cost audit report receipt. The applicability of the company depends upon the companies’ amendment 2014.

• Form MGT-14

This form is for filing of the resolutions for annual accounts and board reports with MCA. The filing needs to be done within 30 days of the ending of the board meeting. The public and listed companies need to file this.

These are some of the mandatory annual ROC filings of the company that needs to be followed strictly by everyone. This helps in the easy flow of business with a good image in the market.

There are many companies that offer theStartup Compliance Package in order to assist the startups with all mandatory compliances to be done on ROC, reporting and return filing, etc. They ensure timely adherence to all laws so as to avoid the penalties and other charges.

Neusource Startup Minds is the Best Startup Consulting Services, Offer various services like Proprietorship Firm Registration, OPC Company Registration, LLP Registration. Neusource Startup Minds provides a wealth of proficiency and best practices in tax administration and process expansion for effectively managing Partnership Company Compliance, GST compliance Process, Compliance Package for Pvt Ltd Company, OPC Compliances Packages, Compliance Package for LLP.

Akash Rai

"Any time is a good time to start a company.” Neusource indulge in providing business consultancy services which help startups to accomplish their desired results as a TAJ EXPRESS. If you’re passionate about something and you work hard, then neusource is the right choice for you.