Urgent aoc-4 filling

MCA 409 views 6 replies

Akuti Sharma

MBA

40 Points Joined June 2014

Hello everyone,

I am very much confused about AOC-4 please help me asap.

a. My client is having 1 company (ABC Pvt Ltd) and 3 LLPs (formed in 2015 and Subsidiary of ABC PVT LTD).

b. LLPs never did any sort of business, have no bank accounts, no nature of transactions.

c. As I am in middle of filling the form for AOC-4 for ABC PVT LTD but i saw an option that please list the subsidiaries/joint ventures.

I want to know

1. Is it mandatory to list the subsidiaries

2. if we listed the subsidiaries do we need to prepare consolidated financial statement (as no business done)

3. what are the other forms needed to be filled if we list the subsidiaries in form aoc-4

4. If we didn't list the subsidiaries and file the aoc-4, in future any fine or penalty from mca? (we are working on closing the llps)

I know I asked for too much but I am new into this and I want urgent help.

Thanks

Replies (6)

sk

student

84 Points Joined November 2016

1.Yes

2.no need of consolidation...file form aoc-1

3.

sk

student

84 Points Joined November 2016

no idea about penalty...I guess u r already late as last date of aoc 4 filing was Nov 29

Akuti Sharma

MBA

40 Points Joined June 2014

Hello SK sir,

Thank you so much for your reply.

As you said their is no need for filling aoc-4 cfs. but if we list llp's as subsidiaries don't we need to file the consolidate statement.

Fine i m talking is if we don't list the subsidiaries (as they exist). won't we face any legal fine or something.

as u don't do any business or any transaction with dt llp...so it make no difference in consolidation....jst attach form aoc 1 with aoc 4....I don't know about penalty...but the llp as subsidiaries must reflected in mgt 9...so it z better to disclose them....

Akuti Sharma

MBA

40 Points Joined June 2014

Hello SK sir,

Thank you so much for your reply. As you said I tired filling the llps as subsidiries but the form aoc4 don't accept llps as a company as it says invalid cin. so for more info i tried using some pvt ltd's cin so it accepted. so i did some more search it said llps are not considered to be filled as subsidiaries in aoc-4

Shankar

618 Points Joined November 2016

1. Yes is it mandatory to list the names of Subsidiary and assosiates or else it would be in correct data in to yor annual filing
2. Consolidation of Finacial Statments is mandatory refer section section 129(3) 129 section companies act 2013
(Attachment- ICAI clarification on the consolidation)
3. The Directors Report will have an attachment AOC-1(Sailent features of the financial statment of subsidiaries or associate companies or joint venture