ROC Annual Filing

File your annual returns & audited financial statements timely with the RoC.

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About ROC Annual Benefits Documents Required Important Points

What is ROC ?

The Ministry of Corporate Affairs (MCA), which oversees all company and limited liability partnership (LLP) administration in India, is home to the Register Of Companies (ROC), an office. All entities and LLPs covered by the Companies Act of 1956 and the Companies Act of 2013 are under the control and regulation of the MCA. The organisation responsible for handling a company's incorporation or registration in India is known as the ROC.

ROC Filing?

What Is ROC Filing?

ROC filing refers to the company's submission to the ROC of audited financial statements and annual returns.

Every firm is required by the Companies Act of 2013's sections 129 and 137 to submit its audited financial statements to the ROC.

Similar to this, annual returns must be submitted to the ROC in accordance with section 92 of the 2013 Companies Act.

The aforementioned paperwork must be submitted between 30 and 60 days after the annual general meeting's conclusion.

Procedure for ROC filing

The process described below can be used to understand how to execute payroll, annual accounts, and a corporation return.

  • Hold a board meeting to approve the auditor's preparation of the financial statements in accordance with Schedule III of the 2013 Companies Act.
  • Designating the Director or Company Secretary for the Companies Act, 2013, annual report and board report preparation
  • Hold a second board meeting to approve the company's directors' draught financial statements, board report, and annual return.
  • Conduct the Company's Annual General Meeting (AGM) and prepare the required resolutions. Only when the same resolution is passed by the shareholders in the general meeting can financial statements be regarded as final.
Benefits of ROC filings

Benefits of ROC filings

Explicit The Financial Position

  • The compilation of the company's overall accounts for the entire year is the filing of annual returns.
  • Filing aids in the analysis or determination of the company's financial status. i.e., whether the business is making a profit or a loss.

Proof Of The Existence Of The Company

  • Regular filings with the ROC serve as evidence of the company's existence.
  • Based on the filings made by the company, the government will update the record of the company's existence.
  • A corporation is deemed to be phoney if it has been a long time since its last annual filing, and the ROC has the authority to remove the company's name from the register.

Protection Against A Penalty

  • Companies that don't submit annual files risk penalties. Therefore, timely filings will shield the business from such claims.
  • A proper annual compliance programme will shield the business from any legal snags.

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