ROC Filing in Bangalore, India
ROC Filing in Bangalore, India
What is ROC Filing
Filing ROC means that companies registered in India have to submit specific documents and firm. This process is important for companies to comply with the requirements Set forth by the Companies Act 2013. ROC filing ensures that the business maintains transparency and adheres to corporate administration standards which include annual returns, financial statements and other legal documents. Non-compliance with ROC filing can lead to penalties, fines and other legal complexities for the company and its directors.
Name of Form Required in ROC Filing
When filing with ROC, different forms are required based on the specific need. Some important forms to be used for annual filing of companies are given here, you can follow them.
Form MGT-7:- This form is used for filing annual returns which contain information about the company's shareholders, directors and important details.
Form AOC-4:- This form is used for submitting financial details along with a balance sheet and profit and loss account.
Form DIR-3 KYC:- Use of this form ensures that all directors provide their customer details to ROI.
Form ADT-1:- It is used to appoint an auditor.
Form GNL-2:- Used for filing any document that is not covered under another specific form.
Document Required for ROC Filing
Some documents are required to successfully file with the ROC form. Here is a list of some documents required as per the requirement.
Certificate of Incorporation:- It proves that the company is legally registered.
Memorandum and articles of association:- This document outlines the objectives of the company, its rules and regulations.
Financial Statements:- You can use it to gain a balance sheet and include cash impact analysis.
Director Identification Number (DIN):- It is necessary for all the directors. It is necessary to enter the unique number in it.
KYC Documents:- It gives proof of identity and address of the directors as well as the shareholders.
Shareholding Pattern:- It tells about the ownership of the company.
Board Resolution:- In some cases, a resolution is required to approve the filing.
How to File ROC Filing
Now let us know how to file ROC, what are its steps, you have been guided about how to do it below:-
Register on the MCA Portal:- If you have not done this earlier, then create an account on the website of the Ministry of Corporate Affairs.
Select the Appropriate Form:- Choose the correct form from the drop down menu on the portal within your filing requirements.
Fill in the Details:- It is necessary to fill the form carefully with the necessary information and re-check it for accuracy because wrong information can become the reason for a penalty.
Attach Required Documents:- Upload the necessary documents as per the requirements of the form you have chosen.
Pay the Fees:- There is a fee with every filing which needs to be paid as per the prescribed fee structure.
Submit the Form :- Once everything is arranged properly, submit the form through the portal.
Obtain Acknowledgment :- After submitting, you will get an acknowledgement receipt which you should keep safely for your records.
Why Filing Annual Returns is Important
Filing annual return is not just a legal requirement but it also plays an important role in building the trustworthiness of the company and in compliance with regulations. Some reasons are given below as to why it is important for you to file an annual return.
Legal Compliance:- Filing annual return ensures that the company is following the rules set by MCA and can also face penalties for non-compliance.
Transparency:- It increases transparency for your company, through which the stakeholders and the public get good information about the performance of the company.
Creditworthiness:- If you file the annual return on time, it can have a positive impact on the company's credit rating, making it easier to secure loans and investments.
Company Reputation:-Along with filing ROC, maintaining compliance is also very important as it enhances the company's reputation in the market.
Avoid Penalties:- Filing annual returns on time helps in avoiding penalties and legal hassles associated with late filing.
Advantage of Roc Filing
The benefits of timely filing of ROI for the company are given below.
Legal Protection:- Filing regularly ensures compliance with the law which can save the company from lawsuits and penalties.
Enhanced credibility:- Companies that file ROC are mostly viewed as reliable and trustworthy by investment customers and partners.
Access to funding :-Correct ROC filing increases the company’s chances of getting funding support from financial institutions.
Improved Decision making :- Access to updated financial data and company information helps in making informed business decisions.
Why choose us
If you want to get the ROC filing done right, you will have to choose the right partner. At Mind Your Tax, we provide comprehensive services to make your ROC filing process easy. Below we have explained why you can choose us.
Expertise:- In our team, you will find experienced professionals who understand the hassles of ROC filing and assure compliance with the latest regulations.
Customised solutions:- We provide customised services to suit your business's specific needs to ensure a hassle-free experience.
Timely filing:- We ensure that your annual filing is submitted on time to protect you from legal penalties.
Cost Effective Services:- The cost of our services is competitive which provides a great value for the quality of service we offer.
Comprehensive Support:- From preparing your documents to making the deposit we provide you with end to end assistance to make the ROC filing process hassle free.
Our Other Services
Business Tax Filing ITR Filing GST Registration Company Registration
Frequently Asked Questions
A charge created by a company must be registered with the Registrar within thirty days of its creation in such form and on payment of such fee as may be prescribed.
No, as per the Company Act 2013, if you do not file ROC then it will be considered as a crime and you can be punished for it.
Regularly filing ROC helps in maintaining the legal status of the company and saves the company from penalties or legal issues.
Submission of documents and financial statements to the Registrar of Companies, which includes the company's annual return, financial statements and director's report.
The Registrar of Companies (ROC) is an office managed by the Ministry of Corporate Affairs (MCA).
Income Tax Return filing in India is a form that is mandatorily used to file details about your income and applicable tax with the Income Tax Department of India.
Any individual having income above the basic exemption limit set by the government can file ITR. This includes salaried individuals, self-employed professionals, freelancers and business people.
If you do not pay your income tax on time, then as per section 276 CC, you can be punished with imprisonment of 3 months to 7 years along with fine for willful evasion.
In some cases, you may face 6 to 7 years of imprisonment and fine.
Of course, if you have paid excess tax, it gets refunded. To get your excess tax refunded, you first have to file ITR, after which your return process starts. If you have paid excess tax, the government refunds it to your bank account through ECS.