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…

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…

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…

What is annual compliance of 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…

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…