Filing of annual financial statements

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NAVIN (Querist)
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12 September 2014 kindly guide me regarding the filing of annual financial statements of a company with ROC,under companies Act, 2013, and the forms in which it must be filed.

Adv. Rajesh Chhangani

Adv. Rajesh Chhangani (Expert)
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12 September 2014 Summary of Sec 92: Every company shall prepare a return in Form No.MGT-7 containing the particulars as they stood on the close of the financial year. (refer Sec 92)

Particulars : Inter alia Regd Office, Shares holding, its members,promoters, meetings, penalties

MGT-8 : Certification from PCS(applicable to certain companies)

MGT-9:An extract of the annual return shall form part of the Board’s report.

Time Limit : within 60 days from AGM, if no AGM held then file within 60 days from the date on which the AGM should have been held (also refer Sec 403)

AR shall be preserved for a period of 8 years from the date of filing.

Penalty : Fine on Company which shall not be less than Rs 50,000 but which may extend to Rs. 5,00,000/-.

Fine on Officer Imprisonment for a term which may extend to 6 months or Fine which shall not be less than Rs.25,000/- but which may extend to Rs.5,00,000/- or with both.

Fine for OPC Fine which shall not be less than Rs.50,000/- but which may extend to Rs.5,00,000/-.

You may refer all the relevant sections of Companies Act, 2013.

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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12 September 2014 As a part of Annual eFiling, Companies incorporated under the Companies Act are required to efile the following documents with the Registrar of Companies (RoC):

1 Balance-Sheet - Form 23AC -to be filed by all Companies-Within 30days of AGM
2 Profit & Loss Account - Form 23ACA -to be filed by all Companies -Within 30 days of AGM
3 Annual Return - Form 20B- to be filed by Companies having share capital -Within 60days of AGM
4 Compliance Certificate - Form 66 -to be filed by Companies having paid up capital of Rs.10 lakh to Rs. 5 crore- Within 30 days of AGM

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