Ishita Ramani
Quick Summary
Annual return filing is a necessary process for all Private Limited (Pvt. Ltd) companies in India. It involves submitting important information about the company's activities to the Ministry of Corporate Affairs (MCA) each year. Here's an easy and simple article for you to know all the essentials ab
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FAQ :
Annual return filing is the process where a Pvt. Ltd company submits information about its financial and operational performance for the year to the Ministry of Corporate Affairs (MCA).
You will need the company's PAN and TAN, audited financial statements, board resolutions, director and shareholder details, and a Digital Signature Certificate (DSC) of the signatories.
Form AOC-4 is used for filing financial statements, and Form MGT-7 is used for filing other company information. Both are filed online through the MCA portal.
Form AOC-4 must be filed within 30 days of the Annual General Meeting (AGM), and Form MGT-7 must be filed within 60 days of the AGM.
For AOC-4, there's a penalty of Rs 100 per day until filing. For MGT-7, it's also Rs 100 per day with no upper limit. Non-compliance can result in fines up to ₹5 lakh for the company and ₹50,000 for directors.
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