Nurturing Compliance: Essential Guide to Annual Filing for Companies
For entities registered under the purview of the Companies Act 1956 or Companies Act 2013, adhering to the annual filing protocol is non-negotiable. Annual filing, a mandatory process, is pivotal for maintaining regulatory compliance. Any lapses in filing can result in severe penalties and even lead to the disqualification of directors after a period of non-compliance.
Crucial Documents for Annual Filing:
- Annual Financial Accounts
- Board Meeting Records and Minutes
- Audit of Accounts by Statutory Auditors
- Directors Report
- Annual General Meeting Records
Apply Now!
Key Points to Emphasize:
- All companies are obligated to prepare annual financial accounts and complete annual filing.
- Auditing of the company’s annual financial accounts by a practicing Chartered Accountant is mandatory.
- Filing Form AOC-4 and MGT-7 with ROC is a yearly requisite, even if the company is non-operational.
- Delay in filing Form AOC-4 and MGT-7 incurs penalties of Rs. 100/- per day per form as additional fees.
- Non-filing for more than 2 years may lead to company closure by ROC, and beyond 3 years results in the disqualification of directors under Section 164 of the Companies Act.
Comprehensive Annual Filing Process:
1.Board Authorization:
Conduct a Board Meeting to empower the auditor for financial statement preparation and authorize the director or company secretary to formulate the Board Report and Annual Return.
2.Approval Meeting:
Follow up with another Board Meeting to ratify the statements and reports, drafting them under the guidance of the company’s directors.
3.Annual General Meeting (AGM):
Hold the AGM where shareholders endorse the financial statements and reports. Crucial resolutions should be passed during this meeting.
4.E-Forms Preparation:
Draft all necessary e-forms, ensuring accuracy and completeness in line with MCA guidelines.
5.Filing with MCA:
Submit the e-forms along with the prescribed government fees to MCA for ROC filing.
WHY CHOOSE VENTUREMITRA?
Expertise with a Personal Touch:
Meet our founder, who brings over 6 years of specialized experience in the Food Industry. Going beyond mere corporate knowledge, we infuse a personal touch into our services.
Comprehensive Solutions:
Whether you’re navigating the intricacies of company incorporation, wrestling with complex tax regulations, or ensuring Companies Act compliance, we provide holistic solutions at every stage of your business journey.
Proactive Approach:
We don’t just solve problems; we anticipate them. Our proactive approach involves early identification of potential risks and the creation of innovative solutions for compliance and financial resilience.
Legal Acumen:
What sets us apart is not only our corporate knowledge but also our legal acumen. VentureMitra offers a unique perspective on corporate compliances, Mergers and Acquisitions, and Due Diligence.
Visionary Leadership:
Our Founder isn’t just a leader; he’s a visionary dedicated to providing nuanced solutions and strategic guidance. His commitment to excellence and client success is the driving force behind our firm.
Client-Centric Focus:
Built on integrity, innovation, and an unwavering focus on client satisfaction, our foundation ensures that every service reflects our dedication to quality and a forward-thinking approach.
Technology-Driven Efficiency:
Embracing technology as our greatest asset, we promise efficient and swift results without compromising accuracy. Our use of cutting-edge tools guarantees a seamless and effective experience for you.
Diverse and Energetic Team:
Our team is a vibrant blend of young professionals and seasoned experts, injecting an energetic spirit into our working pattern. This diversity ensures a well-rounded perspective tailored to your business needs.
Simple and Affordable Platform:
We believe in simplifying legal compliances and making them affordable. Our goal is to create a platform where starting a business is a straightforward decision, free from the fear of complexity or exorbitant costs.
Enduring Relationships:
As we grow, our unwavering focus remains on building enduring relationships. We’re not just here for a one-time service; we’re your long-term partners in success.
TESTIMONIALS
Discover How Good Life Can Be With VentureMitra..
Embark on the annual filing journey diligently, ensuring that your company, whether situated in Ghaziabad, Rajnagar Extension, RDC Indirapuram, Muradnagar, Modinagar, Kavinagar, Govindpuram, Noida, Delhi, or Moti Nagar, Delhi, remains compliant and resilient in the corporate landscape.
Now you can pay VentureMitra Compliance Manager LLP through debit Card or Even Through Upi.