File Your Annual Returns On Time

AOC-4 is the form for filing financial statements (balance sheet, profit and loss account, cash flow statement) with the Registrar. MGT-7 is the annual return form that contains information about shareholders, directors, company meetings, and other compliance details. Both forms are mandatory for companies. AOC-4 is due within 30 days of AGM, while MGT-7 is due within 60 days of AGM.

For companies with December 31 financial year end: AOC-4 is due by January 29 (30 days after AGM typically held by Dec 31), MGT-7 is due by February 28 (60 days after AGM). For most companies with March 31 year end: AOC-4 due by October 30, MGT-7 due by November 29. LLPs must file Form 8 by October 30 and Form 11 by May 30.

MCA charges additional fees of ₹100 per day per form without any maximum limit. This means if you delay both AOC-4 and MGT-7 by 100 days, the penalty would be ₹20,000 (₹100 x 100 days x 2 forms). Additionally, companies may be marked as 'Active Non-Compliant' and directors may face disqualification for persistent non-compliance.

Yes, LLPs must file two forms annually: Form 8 (Statement of Account and Solvency) within 30 days from the end of 6 months of the financial year (due by October 30), and Form 11 (Annual Return) within 60 days of closure of financial year (due by May 31). Both forms are mandatory regardless of LLP's turnover or business activity.

XBRL (eXtensible Business Reporting Language) is a standardized format for electronic communication of business data. All companies listed with stock exchanges and companies with paid-up capital of ₹5 crore or more or turnover of ₹100 crore or more must file financial statements in XBRL format. This makes data analysis and comparison easier for regulators and investors.

No, even companies with no transactions or dormant status must file annual returns. Such companies can file 'nil' returns or opt for dormant company status by filing Form MSC-1. Non-filing for consecutive years may lead to the company being struck off by MCA and directors being disqualified from holding directorship in other companies.

Key documents include: Bank statements for the full year, Financial records (invoices, bills), Auditor's report (if applicable), Director details with DIN, Shareholding pattern with changes, Previous year's returns, Board meeting and AGM minutes, Digital signatures of authorized signatories. We guide you through the complete checklist based on your company type.

If you miss the deadline: 1) Additional fees of ₹100/day per form applies immediately, 2) Company may be marked as 'Active Non-Compliant' on MCA portal, 3) Directors may face disqualification after persistent default, 4) Company cannot file other forms like charge satisfaction or change of directors, 5) Eventually MCA may initiate strike-off proceedings. We recommend filing as soon as possible to minimize penalties.

No, statutory audit is not required for all companies. As per Companies Act 2013, private limited companies with turnover less than ₹10 crore AND paid-up capital less than ₹1 crore AND borrowings less than ₹1 crore are considered 'small companies' and may be exempt from statutory audit. However, all public companies and companies exceeding these thresholds require mandatory audit.

You can check your company's filing status on the MCA portal: 1) Visit www.mca.gov.in, 2) Click on 'View Company/LLP Master Data', 3) Enter your CIN/LLPIN, 4) View annual filing status for each year. You can also check if any forms are pending or if additional fees have been levied. We provide compliance tracking services to monitor your status year-round.