Consequences of Non/Late ROC Filing on MCA Portal
What happens if the Company doesn't filed up AOC-4 within 30 days of the AGM?
In the event that a company is unable to submit its financial statements within thirty days of the date on which the AGM was held, an additional fee of ₹ 100 per day would be imposed.
Every director and the company will be responsible for the following penalties if they fail to file their AOC-4 on time or file it late:
- For each day that the filing is late, the company would be charged a fee of ₹ 1,000/-. However, the fine will not exceed ₹ 10,00,000 for each offence, and
- Director penalties range from ₹ 1,00,000/- to ₹ 5,00,000/-, depending on how long the company's directors fail to meet their responsibilities, with an additional penalty of ₹ 1,000/- for each day that the failure persists.
What happens if a company doesn't filed up MGT-7 within sixty days of the annual general meeting?
If a company does not submit its annual return within sixty days of the date that the annual general meeting was held, the company will be required to pay an additional fee of ₹ 100 each day.
Every director and the company will be charged with penalties if they fail to file their MGT-7 on time or file it late:
The company and each of its directors who are in default shall be subject to a penalty of ₹ 50,000/-, and there will be an additional penalty of ₹ 100/- for each day that the failure persists, up to a maximum of ₹ 5,00,000/-.
Effect of Non filing of the Forms AOC-4 and MGT-7 on Company and its Directors?
Any company that hasn't filed its financial statement for the last two financial years will be marked as "inactive." This classification might result in the freezing of the company's bank account. A notice may also be issued by the Registrar to the Company, which would also begin the process to remove the company from the MCA records.
Directors who have been or are currently serving on the board of a company that has not filed its Annual Return for three consecutive financial years may be disqualified under the Companies Act, 2013 if the company fails to file its Annual Return.
The Director Identification Number (DIN) of a person who has been disqualified as a Director is become inactive, and that individual is unable to be nominated for the position of Director of any company for a period of five years from the date on which they were disqualified.
Documents Required for ROC Filing
The following documents and details will be required while completing ROC filings.
- Audited Financial Statement
- Notes to Accounts
- Audit Report
- Board Report
- Cost Audit Report (if Any)
4.8
4.5
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
