Financials Presentation Vs E Forms for Annual Filing Reg

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This discussion clarifies a common confusion regarding annual company filings. While accounting standards (AS) suggest presenting financials in hundreds or thousands, the e-forms like AOC-4 require figures to be entered in absolute rupees without rounding off. The user seeks to understand how the Registrar of Companies (ROC) cross-verifies these discrepancies and what the correct procedure is to avoid non-compliance.

S.Jegadeesan

S.Jegadeesan (Querist)

03 January 2024 Sir
I would like to clarify some doubt regarding Financials Presentation and E Forms for Annual Filing i.e. As per AS Financials should be presented in Hundreds, Thousands,.... But while Fill up the E Forms AOC 4 everything should be filled up in absolute rupees only (INR ) .No rounded off allowed .
Then how will ROC Cross verify these things if we presented the amount in Hundreds but filled in INR ?
Or Financials should be presented with complete digit like Rs.100000 may be disclosed as
Rs.1000.00 in case Figures mentioned in Hundreds ?
Kindly clarify the above

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

16 January 2024 https://taxguru.in/company-law/concequencies-mentioning-figure-aoc-4.html#google_vignette

Message likes : 1 times

S.Jegadeesan

S.Jegadeesan (Querist)

07 February 2024 But there was nothing clearly mentioned . Ambiguity is our law makers domain has been once again proved .That's all .
If we round off and left the figures after . then the verifying officer will raise question regarding Non Compliance if we have not rounded off then it would be non compliance under companies act . What should we do finally?

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