All you need to know

Complete your business RoC filing with expert guidance and help with S2S Biz Solutions. Keeping us with you is like – A separate expert team controlling all the Annual Compliance of a Company, ROC filing, ITR filing and its active status through the regular filing with MCA.
ROC stands for Registrar of Companies which is an office under the Indian Ministry of corporate affairs that deal with the administration of the Companies Act, 2013. ROC has been appointed under section 609 of the companies act covering the various States and Union Territories are vested with the primary duty of registering companies and LLPs floating in the respective states and the Union Territories and ensuring that such companies and LLPs comply with statutory requirements under the act. The office of ROC functions as registry records, related to the companies registered with them, which are available for inspection by members of public on payment of the prescribed fee. Moreover, there are currently 22 Registrars of companies (ROC) operating from offices in all major states of India.
Besides, the central government exercises administrative control over these offices through the respective Regional Directors. It is important to comply with all compliances applicable to your company to avoid penalties and fines.
Our Legal team will guide you through all these compliances required to be completed since the incorporation. You can get your ROC Compliance for Private Limited Companies done through S2S Biz Solutions.
             

Benefits of Annual Compliance

•    Increase The Company’s Credibility :
Compliance of law is the basic requirement for any company or business. The date of filing the company’s annual return is displayed on the Master Data on the MCA portal. This helps to increase the credibility of an organization and the regularity in compliance of the return is a major criterion such as Government tenders, loan approval or for similar other functions.
•    Attract Investors :
While pulling capital or investment for a company from the creditors or investors, the first point the investors demand is for the financial records and date before settling the with an investment proposal deal. The investors will approach the private limited company directly or also they will check the financial records or annual returns from the MCA portal. Investors prefer the companies which have filed their regular compliance records.
•    Maintain Active Status :
By filing the annual return regularly, the private company can avoid penalties and other legal issues. Whereas if the company fails to file the return continuously, the company status will be changed to default and charges for this failure will be heavy penalties. Not only that, but the company also be declared as inoperative or removed from the Register. The directors of such company are also debarred and disqualified from their further appointment. And, from July 2018, an additional penalty fee of ?100 per day of delay will be levied and this will continue till the date of filing.
 

List of Annual Compliance for Private Limited Company

1.    Appointment of Auditor ( within 15 days of Incorporation)
2.    Annual ROC filing 
a)    Annual returns
b)    Financial statements
3.    Annual general meeting (AGM)
4.    Board Meetings
5.    Reports of directors
6.    Income tax
7.    Maintenance of records
8.    Other compliances

Usually, a company is required to file three forms with ROC:

• ROC Form MGT 7: which contains details of shareholding structure, change in directorship and details of the transfer of shares during the year if any. Due date for ROC Form MGT 7 would be 28th November that is 60 days from the conclusion of AGM.

• ROC Form AOC4: which contains details and annexure relating to Balance Sheet of the Company, Profit & Loss Account, Compliance Certificate, Registered Office Address, Register of Member, Shares and Debentures details, Debt details and information about the Management of the Company. The due date for ROC Form AOC 4 would be 29th October i.e. 30 days from the conclusion of the AGM.

• ROC Form ADT 1: is filed for auditor appointment. The due date for ROC Form ADT 1 would be 14th October i.e within 15 days from the conclusion of AGM.

Penalties for Non compliance in company return filing:

Non-filing of Annual returns entail hefty penalties. These are over and above normal fees charged by MCA and there is no way to reduce the penalties. 

List of ROC Compliance for FY 2023-24