ROC Annual Filings Process Online in Bangalore
The new act provides for two modes of striking off companies – the ROC itself would strike off the name of the company from its records and the other mode is when the creditors of the company request the ROC to do so. It is estimated that about 209,000 companies are likely to be struck off by the ROCs in this fiscal.
Annual Filing consists of preparation and submission of Audited Balance Sheet, Profit & Loss Account, Form MGT-7, Form AOC-4 and filing of Income Tax Return (ITR). Charges for this work are specific to every client and depend on the scope of work that is to be executed.
It is compulsory for a Private Limited Company having paid up share capital of Rs 10 crore or more or turnover of 50 crore rupees or more to get its accounts audited once in a year by an accredited Chartered Accountant. It is also mandatory for an LLP to get its account audited once in a financial year if the contribution or turnover of the LLP exceeds Rs 40 lakhs or more.
Companies are required to maintain Statutory Registers (register of Members, Directors, register of loans, contracts and arrangements, Register of Transfer of Shares, Forms filed with the Registrar of Companies, etc.) and minutes books for Board meetings and shareholders' meetings. They are also required to prepare and file Annual Financial Statements and statutory returns and files with the ROC.
Tel:+917299972500
Comments
Post a Comment