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Company Annual Filing
What Is Company Annual Filing?
Every Company registered under Companies Act is required to file their returns with the Registrar of Companies annually.
Company Annual Filings refers to the filing of Audited Annual Financial Accounts of the Company along with Directors Report and Annual Return of Company with Registrar of Companies. These yearly filings are mandatory for every registered Company whether the Company carries on business or not.
For completing the Company Annual Filings in time, the following Documents / process have to be completed:
- Annual Financial Accounts
- Board Meeting Records and Minutes
- Audit of Account by the Statutory Auditors
- Directors Report
- Annual General Meeting
- Filing Form AOC-4 and Form MGT-7 with ROC
- Check on Appointment of Auditors and filing Form ADT-1 for appointments
Penalty for Delay in Filings
Delay in filing Form AOC4 and MGT7 beyond the specified timelines shall attract an additional fee of Rs.100.00 per day till the date of filings.
Very Important Points to be noted:
- Preparation of Annual Financial Accounts are mandatory for every Company.
- Every Company has to get the accounts audited by a Chartered Accountant in Practice.
- Every Company has to file Form AOC-4 and MGT-7 with ROC every year even if the Company is not carrying on any business.
- Delay in filing Form AOC4 and MGT7 will attract an additional fee of Rs.100.00 per day till the date of filing.
- Non-Filing of Accounts and Annual Return for more than 2 years would result in Closure of Company by ROC.
- Non-Filing of Accounts and Annual Return for more than 3 years will result in Disqualification of Directors u/s 164 of Companies Act.
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