Consequences of mentioning of round off figure in AOC-4

CS Divesh Goyal | Last updated: 08 November 2022

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Since the financial year 2021-22, companies are required to prepare financial statements in round off figures. However, the AOC-4 e-form mandates the use of absolute figures in Rupees. Mentioning round off figures in AOC-4 is considered non-compliance, potentially leading to penalties for directors and professionals under Section 448 of the Companies Act, 2013.

SHORT SUMMARY In this article, the author shall discuss a very famous issue of Company Secretaries that is in relation to Round Off. The question are followings: Whether round off figure can be mentioned in AOC-4? If round-off figures mentioned in AOC-4, whether it shall be considered as

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About the Author

CS Divesh Goyal

Practicing Compnay Secretary

CAREER PROFILE He is a Fellow Member of the Institute of Companies Secretaries of India having intense expertise in Corporate Law for the last 8 years. He is a young and progressive Practicing Company Secretary with zeal to dig deep into the nuances of Corporate Laws. Being a researcher at heart, he has done ... Read more

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