Roc Annual Filings Process Online in Bangalore
ROC Annual Filings Process Online in Bangalore
As per the provisions of the Companies Act, all private and public limited companies are required to file their financial statements, i.e, Profit and Loss Account and Balance Sheet along with Directors' Report to Registrar of Companies (RoC) by submitting ROC Form AOC-4 within sixty days of holding the Annual General Meeting. Failure to file the same leads to levy of penalty of Rs 100 per day.
During the last fiscal, more than 2.25 lakh companies were struck off by RoCs for failing to furnish their financial statements and annual returns. In the current fiscal, over 2.59 lakh more companies are likely to be identified for striking off.
To avoid such penalties, it is advisable to hire a company secretary to take care of the annual filings for your business. They will ensure that the documents are filed with the ROC in time and maintain compliance with other laws as well. Besides, they will also help you in conducting internal audits to safeguard the interests of the shareholders.
The charges for ROC filings would vary depending on the scope of work. It could be an end-to-end job involving book-keeping, preparation and compilation of accounts, getting the same audited by a practicing CA and finally filing of Form 11 and Form 8. Apart from this, they will also assist you in sending the notices for AGM, preparing Board Report and recording the minutes.
Tel:+917299972500
Comments
Post a Comment