Roc Annual Filings Process Online in Bangalore

Roc Annual Filings Process Online in Bangalore


 

The Central Board of Direct Taxes (CBDT) has asked its zonal heads to verify the names of persons who allegedly indulged in money-laundering activities during the demonetisation period and file appropriate returns. The CBDT also warned that if such persons fail to file the return, they will be struck off from the ROC's records.

Annual Filing Charges would be specific to every client and depend on the scope of work that is to be executed. It could include an end-to-end job starting with book-keeping, followed by finalisation and compilation of accounts. It will also involve getting the accounts audited by a practicing CA and filing of Form 11 and form 8. If applicable the Income tax return will need to be filed as well.

In case of an OPC, the first AGM must be held within 18 months from the date of incorporation or 9 months from the close of the financial year, whichever is later. The AGM must be attended by all the Directors of the company. In the first AGM, the Director's report, Profit and Loss Account, Balance Sheet and the Auditor's report should be prepared.

Once the registration is complete, the company needs to file annual returns. This is to maintain compliance with the law as it makes the company a separate legal entity. In case of failure to file annual returns, the ROC can strike off the company from its records.

All One-person companies are required to file their annual financial statements i.e. Profit and Loss Account, Balance Sheet and Director's Report in Form MGT-7 within a span of sixty days from the time of holding their AGM. Failure to do so levies a penalty of Rs 100 per day. Also, a complete list of shareholders and debenture holders needs to be attached in form AOC-4.

 

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