Let’s start to work together

    Overview of ROC Filing

    ROC (Registrar of Companies) filing is the process of submitting the audited financial statements and annual returns of a company to the Ministry of Corporate Affairs (MCA) under the provisions of the Companies Act, 2013. It is a mandatory compliance requirement for all registered companies, ensuring transparency and accountability in business operations.

    Key Features of ROC Filing

    1. Mandatory Compliance: All companies, whether public or private, must file their annual return and financial statements with the Registrar of Companies (ROC).
    2. Deadline for Filing: The first AGM must be held within 9 months from the end of the first financial year of the company. Subsequent AGMs should be held within 6 months from the close of the financial year.
    3. Annual Financial Statements: Companies must submit audited financial statements, including balance sheets, profit & loss accounts, and cash flow statements.
    4. Board Approval: The financial statements and the annual return must be approved by the Board of Directors before submission.

    Benefits of ROC Filing

    1. Legal Compliance: Ensures that the company complies with the legal requirements set out by the MCA.
    2. Transparency: ROC filings maintain the transparency of a company’s financial health and business operations.
    3. Avoid Penalties: Timely filing avoids penalties and fines for non-compliance.
    4. Credibility: Proper filings enhance the company’s credibility and reputation, as stakeholders can access reliable financial data.

    Knowledge Base

    The due date depends on the AGM date. The financial statements must be filed within 30 days from the AGM date, and the annual return within 60 days.

    All companies registered under the Companies Act, 2013, including private companies, public companies, and One Person Companies (OPC).

    Delayed filings attract penalties and fines. Non-filing for a prolonged period can lead to the company’s registration being revoked.

    Cost audit is mandatory for companies specified under The Companies (Cost Records and Audit Rules), 2014.

    The financial statements should be signed by the chairperson, or two directors, including the managing director and CEO, as per Section 134 of the Companies Act.

    WhatsApp