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.
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.
Some documents are required to successfully file with the ROC form. Here is a list of some documents required as per the requirement.
Now let us know how to file ROC, what are its steps, you have been guided about how to do it below:-
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.
The benefits of timely filing of ROI for the company are given below.
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.
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.