For effective administration of Companies registered under the Companies Act, 1956 - there are certain Registrar of Company Compliances (ROC Compliances ) which are compulsory to be fulfilled by the owners/directors/promoters of the company. These compliances are essentially undertaken by the directors/board of directors (BOD) of the respective company. ROC Compliances are abided by the Registered Companies under the Act including LLP / Public Limited Company / Private Ltd Company, and One Person Company. These compliances are undertaken for time-bound reporting and for disclosure of all new policy changes and events happening inside the company to the Registrar. These events are essential to be notified to the Registrar and to all the associated members of the company.

COMPANY SALE AND PURCHASE
COMPANY SALE AND PURCHASE

DUE DILIGIENCE
DUE DILIGIENCE

Company Name change
Company Name change

Increase Authorise capital
Increase Authorise capital

Register Office CHANGE
Register Office CHANGE

Company Audit
Company Audit

Commencement of business certificate
Commencement of business certificate

Directors KYC
Directors KYC

Annual filings
Annual filings

AOA / MOA Amendment Services
AOA / MOA Amendment Services

Winding Up and Company Strike Off
Winding Up and Company Strike Off

Remove directors
Remove directors

Share transfer
Share transfer

Add And Remove Directors
Add And Remove Directors

TDS on Sale of Property (26 QB)
TDS on Sale of Property (26 QB)

Why are ROC Compliances imposed on Companies /LLP?

ROC Compliances are mandatory for companies as it helps the Registrar to bring better transparency to the working of a company towards its investors and the general public.

The objective of ROC compliance is to safeguard the interest of investors/directors/promoters and other institutions for keeping a check on the working of the entity.

Also for companies, ROC Compliances assure maintenance of a disciplinary routine over their activities and build more trust of investors over its operations, memorandum, ownership, and financial status.

Why compliance of ROC returns is mandatory?

It is a mandate over companies to comply with the ROC filings every year. MCA(Ministry of Corporate Affairs ) notifies different ROC Compliances along with their due dates for the entities.

For non-compliance and delays in ROC Compliances by companies, there are strict penalty provisions from MCA. Apart from statutory obligations from MCA, the company has to oblige the ROC for all compliance filings.

In case any contravention to any provision of the act is done, ROC can impose hefty penalties on the company or the person responsible for such default or can even strike off name of the company from the government records.

What ROC Compliances are there for Companies /LLP?

Companies of specific types registered under the Act have to record particulars of all events and policy decisions undertaken in the company. It is the responsibility of the company members to assure that information regarding all these decisions and policies is provided to the Registrar.

These are submitted to the Registrar in different formats and through the use of different forms provided by MCA. While some compliances are done annually as mandatory compliances while some are reported on their happening. The mandatory annual ROC compliances for companies include :

1. Annual Return Filing of business by LLP/Company .- Form 11/MGT-7
2. Annual Director KYC – Form DIR -3 KYC
3. Annual Reconciliation of Share Capital Audit Report – PAS -6
4. Annual Return of Deposits ( Report of Loans, O/S Deposits ) – DPT -3
5. Appointment of Auditor for AGM – Form ADT – 1
6. Annual Filing of Financial Statements by LLP to ROC – Form -8
7. Annual Filing of Financial Statements by Company to ROC – Form AOC – 4
8. Filing of Resolutions with ROC – MGT -14
9. Annual Form for Outstanding dues with MSMES – Form MSME.

Other event-based ROC Compliances include :

1. To add directors, remove directors, or for restricting the powers of any Director / Member of the Company.
2. For transfer of ownership or under share transfer provisions.
3. For AOA / MOA Amendments.
4. For obtaining a Commencement of Business certificate
5. For tax filing and company audit provisions.
6. For register office change of the company.
7. For increase in the authorized capital of the company.
8. For the appointment of special personnel or for company name change compliances.
9. For Dormant Company Compliances

How to get through all ROC compliances with TaxGoal.in?

TaxGoal working with a team of CA/ CS and numerous corporate consultants, ensure smooth filing of compliances by all entities. We help entrepreneurs to build their businesses from scratch with no compliance boundaries limited.

For ROC services, our consultants spend hours helping corporate entities to keep themselves safe from penalties from MCA and ROC for non-compliance.

For Incorporation/ Business registration and consultation on Annual ROC Compliances, you can connect with our consultants there at info@taxgoal.in

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