ROC Annual Filing Consultants in India

If you want your company to be compliant with the ROC filing process, it's important to have a team of professionals that specialize in this area. In-house accountants are simply not equipped to handle this process. Thankfully, ROC annual filing consultants in India are available to help. They are licensed Chartered Accountants and Company Secretaries who are dedicated to helping companies comply with the ROC. Companies like iMaster India Private limited offer top-notch services, and their team has decades of experience handling ROC compliance for various industries.

ROC Annual Filing is required by law for all ROC-registered companies in India. Companies that fail to file annual reports can face penalties and fines. This is why it's important to understand what types of compliance are necessary for a company's success. Whether a company's annual reporting process involves financials, financial statements, or both, it is essential to understand what compliances are required of it.

Non-compliance can make a company's status default. This can lead to penalties that can exceed the normal fees, and in some cases, result in the company being dissolved or barred from RoC. In addition, directors are disqualified if they fail to file their annual returns. Moreover, delays in filing can result in an additional fee of Rs100 per day. While a small fee may not seem like much, it can cost a company thousands of dollars if a company fails to comply.

Filing an annual return with the ROC is mandatory for all types of companies in India, including section 8 companies and one-person companies. Companies must also hold an annual general meeting within six or nine months of the end of their financial year.