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AOC4 & CFS,STANDALONE

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Jayanta Bandyopadhyay

397 Points Joined June 2021

Should we file AOC4 separately for standalone and consolidated.

Replies (1)

Rama chary Rachakonda

Master in Accounts & high court Advocate

9529 Points Joined December 2011

Yes, you should file AOC-4 separately for standalone and consolidated financial statements.

Requirements: 1. *Standalone Financial Statements*: File AOC-4 for standalone financial statements, which include the company's own financial performance and position.

2. *Consolidated Financial Statements*: File a separate AOC-4 for consolidated financial statements, which include the financial performance and position of the company and its subsidiaries.

1. *Separate Reporting Requirements*: The Ministry of Corporate Affairs (MCA) requires separate reporting for standalone and consolidated financial statements.

2. *Different Financial Data*: Standalone and consolidated financial statements contain different financial data, which must be reported separately to ensure accuracy and transparency.

3. *Auditor's Report*: The auditor's report for standalone and consolidated financial statements may differ, and filing separate AOC-4 forms ensures that the correct auditor's report is attached.

Filing Process: 1. Prepare separate AOC-4 forms for standalone and consolidated financial statements.

2. Attach the relevant financial statements, auditor's report, and other required documents.

3. File the AOC-4 forms separately on the MCA21 portal.

Important: 1. Ensure timely filing to avoid penalties and late fees.

2. Verify the accuracy and completeness of the financial data and attachments.

3. Consult a chartered accountant or company secretary if you need assistance with filing AOC-4 forms.

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