ROC Filing Essentials for Private Limited Companies
Arjun Verma
August 28, 2024
For any Private Limited Company in India, annual compliance with the Registrar of Companies (ROC) is a non-negotiable legal requirement. Failure to do so can result in hefty penalties and even disqualification of directors. Let's look at the most critical filings.
Form AOC-4: Financial Statements
This form is used to file the company's financial statements, including the Balance Sheet, Profit and Loss Account, and Cash Flow Statement. The due date is within 30 days of the Annual General Meeting (AGM).
Form MGT-7: Annual Return
The MGT-7 form is an annual return that contains details of the company's shareholders, directors, and share capital. It must be filed within 60 days of the AGM.
"Staying on top of ROC filings is a sign of good corporate governance. It reflects the company's commitment to transparency and accountability."
Conclusion
Regular and timely ROC filings are foundational to a company's legal and financial health. It's a task that demands diligence and accuracy. Automating reminders for these critical deadlines is one of the core benefits of using a compliance management platform.