ROC Annual Return Filing Is Mandatory to All Registered Companies

1. ROC Annual Return Filing Is Mandatory to All Registered Companies Registrar of Companies (RoC) is the independent agency in India that maintains the list of all registered companies and monitors their activities. The organizations that want to work in India forming public limited or private companies need to register with RoC, it is mandatory. RoC ensures that the companies are following the Companies Act and all other business acts as per their business mode. The ROC annual return filing is a part of that system. Again, the companies cannot file their annual return including the P/L account and balance sheet any time and in any matter. In this matter too, the companies need to follow the Companies act as well as the notifications of RoC. Purpose of Annual Return The annual return is the “horoscope” of the company. The board of directors should call an AGM before filling the return and provide key information to the ROC regarding the main decisions of the AGM. According to the latest notifications of the RoC, every registered company needs to file their annual return before the 29th of Nov every year. The annual return of a company must possess the following information without fail:  The details of the company’s registered office and principal business of the company.  The details of subsidiary companies, holdings, and associate companies or organizations.  The details of shares, debentures, and other securities of the company.  Particulars of promoters directors, and key office bearers.  The details of accounts related to the net worth of the company, loans taken and paid so far, assets, and annual turnover.

2.  The details of remunerations of the board of directors and key office bearers of the company.  The details of prosecutions and offences of the companies in the past. Several other details and particulars are also required depending on the nature of the business a company does. The roc annual return filing is not an easy matter. There are dozens of apparently smaller matters that need more attention than the board of directors thinks. It needs:  Comprehensive knowledge about the company matters and the Company Act.  Experience in handling RoC returns with updated knowledge of the latest changes.  Intensive knowledge of online return filing and follow-up system as all returns are now filed online. Companies need expert guidance ROC annual return filing is mandatory. Every company must know the last date and arrange their return fling accordingly. Delay in this job summons a penalty. Too much delay and default make a company defunct. With expert guidance, this matter can be resolved right time every year.