A Private Company is an entity enjoying a separate identity that needs to maintain its active status through a regular filing with MCA. For each company, it’s compulsory to file an annual return and audited financial statements with MCA for each financial year. The RoC filing is mandatory regardless of the turnover, whether it’s zero or in crores. Whether one transaction is undertaken or none, annual compliances for private limited are mandatory for every registered company.
Both the forms are filed to report the activities and financial data for the concerned financial year. The due dates for the annual filing of a company are based on the date of the Annual General Meeting. The continuous failure may lead to removal of the company’s name from RoC’s register, including disqualification of directors. Also, it’s been observed that MCA has actively taken bold steps for dealing with any such failures.
Due Date for Company Annual Filing :
- AOC-4 Form (Financial Statement) within 30 days from date of AGM
- MGT-7 Form 8 (Annual Return) within 30 days from date of AGM