Every company prepares its financial statements every year. Under ROC Compliance, every company registered under the Companies Act 2013 has to file its annual accounts and annual returns which are duly audited by a chartered accountant. This filing of audited financial statement is regulated under section 129 and section 137 of Company’s Act 2013. A general board meeting is conducted, to pass necessary resolutions and the financial statements are considered final, only when they are approved by the shareholders in the general meeting. There are two types of ROC compliance, which are annual compliance for annual audit & filing and special compliance for changes in company’s capital, MOA/ AOA, registered address etc.
We at REPUTAX have a team of highly experienced corporate
compliance advisors which provide ROC annual return services to various
companies. REPUTAX provides you with smart and tailored solutions for your
annual ROC returns which are easy to understand. Moreover, we have highly
convenient and easy intuitive Software for ROC compliance to help your company
file it's returns with ease. We also provide you with updates on the annual
return process via emails.
There is a penalty which is charged on companies if they fail to
file the ROC compliance before the given due date. By filing the compliance
form, the companies can save themselves from heavy penalties, which are up to
12 times the normal fee besides Rs 100 per day..
ROC strikes off companies which fail to file the ROC Compliance
and disqualifies the directors from holding similar positions in other
companies. By filing the ROC Compliance on time, companies can save themselves
as well as the board of directors from ROC’s strike off.
Regular filing of ROC Compliance allows the companies to
maintain an active status on the ROC’s portal. This active status is crucial
for the companies as it helps them in various business activities such as third
party inspections, receiving finance, tender etc.
