ROC (Registrar of Companies) annual compliances refer to the mandatory filings and regulations that companies registered in India must adhere to as per the Companies Act, 2013. These compliances are essential for maintaining the legal status of the company and avoiding penalties. Chartered Accountants (CAs) play a crucial role in ensuring that companies meet these compliance requirements accurately and timely.

Key Concept

Annual Return (MGT-7)

Due Date: Within 60 days from the Annual General Meeting (AGM).

Details: This form contains details about the company’s shareholders, directors, registered office, and other related information. The CA helps in ensuring that all details are accurate and updated.

Financial Statements (AOC-4)

Due Date: Within 30 days from the AGM.

Details: Companies must file their audited financial statements, including the balance sheet, profit and loss account, and cash flow statement. A CA ensures the accuracy of financial records and that they comply with accounting standards.

Appointment or Resignation of Auditor (ADT-1)

Due Date: Within 15 days of the AGM.

Details: If there's a change in the auditor, the company needs to file this form. A CA may assist in appointing auditors or managing the resignation process.

Penalties for Non-Compliance

Failure to comply with ROC annual requirements can result in heavy penalties, including fines and disqualification of directors. CAs help mitigate this risk by ensuring that all filings are done accurately and on time.

These annual compliances are critical for maintaining the legal standing and smooth functioning of a company in India. CAs play a pivotal role in guiding companies through the compliance process, ensuring that they meet all statutory obligations.