Every Company Incorporated under the Companies Act shall prepare annual return at the end of every financial year in form MGT 9 and file the same with ROC along with Financial statement, Audit report and Directors report of the Company. Every company shall place a copy of the annual return on the website of the company, if any, and the web-link of such annual return shall be disclosed in the Board’s report. Every Company other than one person Company is required to file the form within 30 days in case of AOC 4 and 60 days in case MGT 7 from the date of holding AGM, although One person Company is required to file both forms within 6 months from the date of financial year end.
The Filing of annual forms require the compilation of accounts for the entire year which hepls to analyse the financial position of the Company i.e Company is incurring losses or making profir.
The Government keeps the record of the existance of the Companies on the basis of the regular filings which every company is required to file or else the Company is considered fake and can be stuck off suo motu by the ROC.
The timely and yearly filing of forms avoid the burden of penalty which may arise due to non filing regularly.
Audited Financial Statement and Directors Report as approved in the AGM to be provided.
The required documents for attachment are preapred and Filing of the Form AOC 4 and MGT 7 with ROC.
Every type of Company is covered and required to file the required forms.
Form AOC 4 (Financial Account) is required to be filed within 30 days of holding AGM and Form MGT 7 (Annual Return) is required to be filed within 60 days of holding AGM.
The Audited financial statement and Directors report is attched with Form AOC 4 and List of shareholders is attched with Form MGT 7.
The Penalty of Rs 100/- per day from the due date of filing and keep on adding till the default continues.
Bhanu is a person to count upon, with his expertise in his domain and knowledge he brings on you can reach him with a problem any time. His appetite to listen and understand the issue makes him the man for the job. He is proactive, energetic and a resourceful guy. My best wishes to Bhanu and Startup seven for future endeavour.
Founder at Addensure Media LLP
Startup Seven is perfect to partner with in your startup or corporate journey. Seamless service and support provided by team is really helpful specially when you are trying to setup your venture. I would like recommend Startup Seven to every startup.
Founder Onmytap - NETWORK FOR PROFESSIONAL GROWTH
Bhanu is one of the most sincere and trustworthy person I have come across. He is extremely ethical and is completely customer focused. His hard work and dedication is commendable and with him handling the legal as well as taxation things are always in order and compliant. Keep up the good work Bhanu. Wishing you more and more success as you grow.
Co-founder, Executive - Brightsandz Clean Tech Pvt Ltd