Annual ROC Compliance in India
Annual ROC (Registrar of Companies) Compliance refers to the mandatory filings that companies must submit to the Registrar of Companies under the Companies Act, 2013 to maintain their legal status and ensure transparency.
Key Requirements:
- 1. Filing of Financial Statements: Annual financial statements (balance sheet, profit and loss) must be filed with the ROC within 30 days of the Annual General Meeting (AGM).
- 2. Annual Return (Form MGT-7): Must be filed within 60 days from the AGM, detailing company operations, shareholding, and directorship.
- Non-compliance can lead to penalties, fines, or even company deregistration, making these filings crucial for maintaining good standing.