ROC Annual Filing Consultants in India

ROC Annual Filing Consultants in India

Companies registered in India have to file annual returns with the Registrar of Companies (ROC). The filing fee is determined on the basis of authorized capital and slabs. Each year, all papers of the company must be filed in a single set of scanned copies. The annual return must be completed within 30 days of the AGM, digitally signed by the directors and countersigned by a practicing company secretary. Any delay will lead to a penalty based on the slabs.

There are two types of returns, a company has to file: ITR and ROC. Newly-incorporated companies must file both ROC and ITR returns. Both types of returns require director KYC. A newly-incorporated company must file both ROC and ITR returns by the deadline of 31st December 2021.

If you miss the deadline, there's a penalty of Rs 100 per day until the return is filed. In addition, if you file the return late, you may have to correct any incorrect information or file it without the NOC. This will result in a fine of up to Rs 10,000.

Failure to file annual returns can lead to serious penalties for directors and key managers. In some cases, failure to file can even result in the disqualification of directors. In other cases, companies may even be taken off the RoC.