How to ROC Annual Filing of Company in India
How to ROC Annual Filing of Company in India
Every Company incorporated under the Indian Company Act is required to e-file certain documents with the Registrar of Companies (ROC) at regular intervals as per the applicable statutes. This is a mandatory requirement to maintain compliance for the business and prevent legal complications in case of any issues or violations.
Annual ROC filing includes the compilation of financial and non-financial information for a particular fiscal year. It helps the Government to keep a record of all the activities and operations of a Company. Regular ROC filing also helps the companies to easily analyse their financial position. It also helps them to determine whether they are making profit or loss and saves their time and effort in preparing the audited financial statements for each of their financial years.
All the Companies, including Section 8 Companies, are required to file a complete annual return. This is done in order to comply with the provisions of the Section 92 of the Companies Act, 2013.
The annual return filing process is simple and easy. However, it is important for businesses to make sure that they submit all the necessary documents before the deadlines expire. This will help them avoid the hefty penalties and fines that are charged for non-compliance.
Keeping track of the ROC compliance requirements is crucial for all businesses. Failure to file the required documents on time can lead to heavy penalties and fines for the Company and the Directors. By following the steps outlined in this article, businesses can ensure that their ROC compliance is completed accurately and on time.
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