ROC Annual Filing Consultants in India
ROC Annual Filing Consultants in India
ROC annual filing is a mandatory procedure for every Indian company. This involves filing 3 key ROC forms: auditor appointment, financial statements/details, and annual returns. The first two forms must be filed within six months of the end of the financial year. Late filings will incur late fees.
The Ministry of Corporate Affairs is strict about compliance. Non-compliance will incur penalties on top of the regular fees. Even paying the fees in full will not prevent penalties. Hiring an ROC annual filing consultant will help you avoid any pitfalls. They will guide you through the compliance, ensuring that your company stay in compliance.
The cost of filing the ROC return depends on the number of transactions. It also includes stamp duty, which will depend on the state in which your company is registered. Whether the filing is for an OPC or a ROC, the stamp duty is an additional cost that should be added to your budget.
Financial backers will often ask for a financial report for a company. If you do not file your annual return, your company will fail to receive financial support. It may even be uncovered as outdated and have its name struck off the RoC. In addition, if directors fail to file the return, they will be disqualified.
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