How many days are required to fill an annual return with the ROC?

What is ROC Filing? Every company is required to file the Audited financial statement and annual return as per The Companies Act, 2013 within 30 days and 60 days respectively from the conclusion of the Annual General Meeting date.

When should I renew my GIS?

For all corporations, whether stock or non-stock, the GIS shall be submitted within 90 calendar days after the Annual Stockholder’s Meeting or Annual Members’ Meeting of the Directors, Trustees and Officers of the corporation, as fixed in the by-laws or as determined by the Board of Directors/Trustees.

What happens if a company does not file ROC?

On the Company- On failing to file the annual ROC Filing for continuously two years, the Registrar of Companies shall assume that the company is closed or having a status of dormant company. He is likely to send a notice to the company to hear their reasons for non-filing and in case of failure of the same he will strike off the company.

What is the penalty for ROC filing failure in India?

In case the ROC filing is still at a failure a penalty of Rs. 1000 per day is imposed which cannot be more than Rs. 5,00,000 in total. Company having any of the different types of Company Registration in India is bound to have file annual ROC.

What happens if a company does not file its annual return?

If the Company has not filed its Annual Return for two financial years consecutively, the Registrar shall issue a notice to the Company and enter its name in the Register of Dormant Companies. Editorial Staff at Yourfinancebook is a team of finance professionals.

What is form mgt-7 for ROC compliance in India?

There is a whole ROC Compliance Checklist for Small Companies in India and for large or medium companies as well, as per which they are required to seek whether the companies are ROC Compliant or not. Form MGT-7 is one of the main compliances that companies has to fulfill while Annual ROC Filing.