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Annual Filings of Company


A Private Limited Company registered under the Indian Companies Act 2013 must file the annual accounts and returns disclosing the details of its shareholders, directors, etc., to the registrar of companies every year.
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Overview

According to The Companies Act, 2013, every company must file its annual accounts and annual return within 30 days and 60 days, respectively, after the completion of the Annual General Meeting. Considering the AGM last date is 30th September the annual filing of company last date will be 30th October.

The following forms must be filed with the ROC as part of the annual filing:
  1. Form MGT 7: Within 60 days of the annual general meeting, Form MGT-7 (Annual Returns) must be filed.
  2. Form AOC-4: A private limited company must file Form AOC-4 (Financial Statements) with the balance sheet, statement of profit and loss account, and Director report within 30 days.
It is mandatory for every private limited company with the above-mentioned compliance as a part of annual compliances.



Benefits of Annual Filings of Company

Explicit The Financial Position

Filing helps in the analysis and determination of a company's financial status. i.e. if the business is profitable or not.

Proof Of The Existence Of The Company

Based on the filings made by the firm, the government will update the record of the company's existence. Hence Regular filings with the ROC serve as confirmation of the company's existence.

Protection Against A Penalty

Companies that fail to file yearly reports may face fines. As a result, timely filings will safeguard the firm.

Protection from company closure

The name of a firm that has not filed annual reports for a long period is deemed fake, and the ROC may strike out the company's name.

Checklist/Requirements

  1. Balance sheet of the company
  2. Profit & loss account of the company
  3. Report of the Auditor
  4. Company PAN
  5. Auditor Name
  6. Appointment details of Auditor
  7. Auditor PAN
  8. Details of share transfer made if any during the financial year
  9. Details of allotment made if any during the financial year

Process of Annual Filings of Company

Step 1: Hold Board Meeting for approving the draft financial statements, Board Report and Annual Return by the directors of the company.

Step 2: Conduct the Annual General meeting of the Company and pass the necessary resolutions.

Step 3: Enter the resolutions passed in the minutes.

Key Deliverables

  1. AOC -4
  2. MGT -7
  3. Acknowledgement of filed copies

Annual filings of Company

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  Entrepreneur Friendly

We make the process so easy and fast that you will not even feel the headache of all the paperwork, and our professionals will provide you all the promised deliverable within a given span of time.

  Experienced Professionals

All our professionals are qualified and specialized in that particular work. Making sure no mistakes are done at the time of filings with the authorities so that company won’t have to pay any penalties due to mistakes.

  One Stop for All Your Requirements

We support you throughout the journey of your business, from the incorporation, Accounting and taxation support, Secretarial compliance support, and Legal support.

  Cost-Effective

We believe that cost plays a vital role in any company’s growth stage, that’s why we do not surprise our clients with hidden charges, you pay what you see in the initial proposal.


Frequently Asked Questions


Who should sign the annexure of the Director report?
The person who signed the director's report must also sign the annexure to the director's report, according to section 134 of the corporation’s act. There should be no differences between them.
According to the Companies Act of 2013, every AGM must be held in person rather than via video conference. However, the company's financial accounts can be authorised via video conferencing. (Due to Covid 19 Pandemic, the registrar of companies have allowed to conduct Board meetings and AGMs through video conferencing)
All companies (private limited company, one Person Company, Public limited company, section 8 company, etc.) are required to file an annual return with the MCA every year.
Audited financial statements are necessary for every company from its incorporation. The company must file the audited statements only.
The Registrar of company may impose a penalty of Rs. 100/- per day from the date on which the forms are due to be filed until the form is actually filed. Further, the directors of the company may attract disqualification for non compliance as per Section 164 of the Companies Act 2013.