ROC Annual Filings Process Online in Bangalore
The ROC annual filings process online in Bangalore includes the preparation of audited balance sheet, profit and loss account, form MGT-9 Auditor's report, notice for AGM and Director Report. It also includes the annual tax return filing for a company. It is mandatory for all companies to file the annual financial statements and returns with the Registrar of Companies (ROC).
We assist clients in preparing their accounting records, completing their books and reconciling and finalising them for their AGMs and ROC Annual filings. Our charges would vary as it depends on the scope of work.
As per ROC rules, all private and public limited companies are required to hold their first Annual General Meeting within 18 months from the date of incorporation or nine months from the end of their last financial year, whichever is later. This is mandatory to ensure that the company is compliant with the companies act.
The MCA has introduced a new rule under which all one-person companies are required to file their annual financial statements, i.e., Profit and Loss Account and Balance Sheet along with the Director Report by filing MGT-7 within sixty days from the date of holding their AGM. Failure to do so levies a penalty of Rs 100 per day from the due date.
LLPs are also required to file their annual return with the ROC by filling form 11. It contains information on the number of partners, summary of contributions and any change in partner during the year. If the LLP's turnover is more than Rs 40 lakh or its contribution is more than Rs 25 lakh, it will have to get its accounts audited by an approved Chartered Accountant.
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