The term refers to the Registrar of Companies, a governmental body in charge of registering all companies and with the ability to monitor compliance with the statutory set requirements. The ROC ensures that Indian companies make annual returns and file their financial statements. ROC forms an imperative institution that helps uphold the legal framework of corporate governance by systematically maintaining a record of company formations, changes, or transformations of company structure, and more corporate actions. Like maintaining company compliance. Exercises proper corporate governance. Maintains the records of registered companies.
The ROC filing Delhi at Sap Tax Hub LLP, a leading CA Firm in Delhi NCR, has aids that help complete the statutory compliances hassle-free for business entities.
Filing of annual returns with ROC: Failure to file annual returns would attract heavy penalties to the business. The Companies Act prescribes the payment of a penalty of Rs.100 for each day of default till the return is filed. However, for companies which continue not to comply, this penalty could go further to include disqualification for directors. It might lead to extreme intervention in business operations, and in some extreme cases, the company may even face a strike-off from the register. For assistance, consider consulting the Best CA Firm in Delhi.
- ₹100 per day of delay.
- Removal of directors
- Penalty on the company
The annual return involves electronic filing of e-forms, such as MGT-7 for Annual Return and AOC-4for Financial Statements of Company. Such forms provide company-specific information on the financial performances as well as its shareholder profile for the year. These returns are to be filed on the MCA portal, and all those companies who are registered under the Companies Act have to file an annual return under this act. The filings should be done within some specific time frame to avoid penalties.
- MGT-7 for annual return.
- AOC-4 for financial statements.
- Filed through the electronic portal for the MCA.
Sap Tax Hub LLP supports all aspects of ROC Filing, and e-forms are submitted within time and as per regulation in the ROC. Additionally, hiring a Chartered Accountant in Delhi can ensure that all filing processes comply with the necessary regulations.
Accurate documentation is an important part of ROC filing. The principal documents required are:
- Financial Statements Balance sheet, profit & loss account, and cash flow statement. Board Resolutions Copies of resolutions passed during Board meetings and AGMs. Annual Returns Details of annual returns filed using Form MGT-7.
- Audit Reports Audit reports from certified Auditors
- Details of Directors Details of all the directors of the Company including their KYC documents
- Shareholders Details Information about shareholders and their shareholding patterns
- Compliance Certificates Certificates from the Company Secretary or Compliances Officers.
- Other Forms: Forms like AOC-4, MGT-7, DIR-3 KYC, ADT-1, etc. whatever is needed.
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Our Role in ROC Return Filing
Sap Tax Hub LLP provides holistic ROC return filing services so that businesses are always in line with statutory compliance. As a prominent CA firm in Delhi, Our services include preparing and filing of the most important e-forms: MGT-7 and AOC-4 and check all the papers are in order.
All the given deadlines are met in time to avoid any form of punishment as may be required. We also give a professional advice regarding legal requirements. This enables you to focus on business growth while we take care of all the legal formalities required by the Registrar of Companies.
Join hands with Sap Tax Hub LLP for seamless ROC Filing in Delhi, complete ROC compliance in all ROC requirements.
A complete Guide to ROC FilingROC filing typically involves furnishing several statutory forms concerning annual returns along with financial statements in the Registrar of Companies. Filing processes ensure that the corporate action, financial performance, and the compliance status of a company are lucid not only to the regulatory bodies but also to other stakeholders. Different types of companies and business activities require different kinds of ROC forms such as MGT-7, AOC-4, or more. A Chartered Accountant Firm in Delhi can assist businesses in navigating these requirements effectively. The business has to conduct ROC filings periodically every year, and without that, it can be quite penalizing, leading to a loss of good standing status.
Names of E-Forms for ROC FilingThe processes of ROC filing require the following e-forms, each to be used for a different purpose:
There are several e-forms for ROC filing, including the important ones: annual filing:- MGT-7: For filing the annual return of the company along with the details of its shareholders.
- AOC-4: For presenting financial statements, such as balance sheets and profit & loss accounts.
- ADT-1: For appointing an auditor of the company.
These forms are required to be filled within a year. So, all the companies need to keep themselves up-to-date with the Registrar of Companies. Failure to file these e-returns attracts penalties. Therefore, all the e-forms must be filed in time.
Benefits of using Sap Tax Hub LLP for ROC Filing in DelhiFiling annual returns with the ROC has several advantages. First, it ensures that your business is always on the latest records regarding Indian company law so that there is no bad standing with the Registrar of Companies. It builds up credibility with stakeholders-the investors, financial institutions, and customers through this timely submission. The filing makes possible viewing by both public and regulatory bodies of crucial information about the health of its finances and practices of corporate governance. It ensures that a company is legally in good standing.
