Financial Statements Related Articles

Feb - 2024

20

MCA Imposes ₹3.50 Lakh Penalty for AOC-4 Non-Compliance

MCA Imposes ₹3.50 Lakh Penalty for AOC-4 Non-Compliance

MCA Imposes ₹3.50 Lakh Penalty for AOC-4 Non-Compliance Once a company is incorporated, the Directors are responsible for ensuring that the company files various regulatory and statutory filings on time. Failure to submit the annual financial statements through AOC-4 can lead to severe penalties, i ...

Oct - 2023

20

Financial Statements - AOC 4 Filing

Financial Statements - AOC 4 Filing

Financial Statements - AOC 4 Filing Financial Statements are a comprehensive record, capturing a company's financial activities and current financial standing. These statements not only furnish critical data to stakeholders but also equip the company's Board with insights into the economic health o ...

Feb - 2023

11

Who is responsible for filing ROC?

Who is responsible for filing ROC?

Who is responsible for filing ROC? ROC filing means filing annual returns and audited financial statements by the Company to the ROC. In India, the responsibility for ROC filing lies with the directors of a company. The Companies Act 2013 requires companies to file their annual returns & financ ...

Feb - 2023

10

Is ROC filing mandatory every year?

Is ROC filing mandatory every year?

Is ROC filing mandatory every year? Yes, The companies incorporated in India under the Companies Act 2013 must do ROC Filing annually with the Registrar of Companies to check their compliance with the laws and the provisions. Failure to comply with this requirement can result in penalties and legal ...

Feb - 2023

10

Why is ROC filing needed?

Why is ROC filing needed?

Why is ROC filing needed? ROC (Registrar of Companies) filing refers to submitting various documents and returns to the Registrar of Companies. Every Company registered in India must file some forms annually with the ROC under the Ministry of Corporate Affairs. Failing to file with these compliance ...

Jan - 2023

31

What is the Annual Compliance of the Company?

What is the Annual Compliance of the Company?

What is the Annual Compliance of the Company? Annual Compliance means a specific set of Compliance that a company has to fulfill post-incorporation to commence and continue its operations. Under the Companies Act 2013, various compliances must be completed every Year. Failure to comply with such Co ...

Mar - 2022

23

Amendments in Schedule III to the Companies Act, 2013

Amendments in Schedule III to the Companies Act, 2013

Amendments in Schedule III to the Companies Act, 2013 Amendments in Schedule III to the Companies Act, 2013 were introduced on March 24, 2021, to improve the quality and reliability of financial statements. Some new disclosures were also added to Schedule III, such as disclosures about promoter sha ...

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