Pvt Ltd ROC Compliance in Chennai
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Pvt Ltd ROC Compliance in Chennai
Are you managing a business in Chennai? Then you have to adhere to several post-incorporation ROC compliance for a private limited company in Chennai that you shouldn't miss out on after registering your private limited company.
A ROC, or Registrar of Companies, is a government department that oversees the formation and operations of companies in India. The ROC is responsible for ensuring that all private limited companies in Chennai comply with the Companies Act of 2013.
It includes filing regular annual returns, maintaining accurate financial records, and electing directors and shareholders. Non-compliance can result in fines, imprisonment, or both.
Compliances for a private limited company are broadly divided into
Mandatory RoC Annual Compliance
Event-based RoC Annual Compliance
To sustain itself as a private limited company, the organization must fulfill all the compliance requirements for every financial year.
For example, a company must duly follow annual compliances irrespective of the company's turnover. If the company fails to comply, that will remove the company name from the ROC.
For many businesses, it is overwhelming to keep a tab on all the compliance requirements along with doing a profitable business. So, if you are looking for professional experts to carry out all the ROC compliance, the eAuditor Office team is here to assist you.
While our team at the eAuditor Office will accomplish all the compliance tasks, you can give undivided attention to scaling your business.
Companies formed in India should exercise caution and make sure that all regulatory requirements are completed within the timeframe. If the companies do not follow the regulatory standards, they will be subjected to severe fines. To avoid this, companies should remember to follow the ROC compliances on a timely basis.
The ROC compliance for regular and annual filings during a year is mentioned below:
Note: The dates and deadlines are subject to amendments in the Companies Act 2013.
- DIR-3, KYC
Due Date: 30 September
Description: Every director, who has been allotted a DIN and whose DIN is in approved status by 31st March, is mandatorily required to file form DIR-3 KYC before the due date.
Compliance Related Filing
- Form ADT-1
Due Date: Within 15 days from the appointment of Auditor.
Description: Every company is required to intimate the registrar of companies about the appointment of an auditor in Form ADT- 1 after the conclusion of its annual general meeting (AGM).
- Form MSME
Due Date: 30 April and 31 October
Description: All MSMEs should file a half-yearly return with the ROC showing any payment outstanding to Micro or Small Enterprises.
- Form DPT-3 Return of Deposits
Due Date: 30 June
Description: Every company must submit Form DPT-3, which contains information on deposits, outstanding receipts of loans, and money other than deposits. Form DPT-3 was introduced to safeguard the interest of creditors or depositors. It has been included under the Companies Fresh Start Scheme (CFSS), 2020.
- Form MGT-14
Due Date: 30 days of passing the Board Resolution
Description: Every company shall file details of the Board Resolutions with the ROC with reference to the Board Report and Annual Accounts.
Annual Filing eForms
- Form AOC-4
Due Date: 30 days of the conclusion of AGM/ 180 days of the close of financial year
Description: Specified companies are required to file the financial statements with the ROC in Form AOC-4.
- Form MGT-7
Due Date: 60 days of the conclusion of AGM.
Description: Every company should file the annual return furnishing details about the company in Form MGT-7.
- Form MGT-7A
Due Date: 60 days of the conclusion of AGM/60 days after completion of 6 month from the end of the financial year
Description: Every small company and OPC should file the annual return furnishing details about the company in Form MGT-7A.
Services from eAuditor:
- Assisting in all kinds of ROC Compliance
- Ensuring timely and error-free filing of the returns and statements
- End to end support needed to incorporate and run a private limited company will be provided.
Heavy penalties will be imposed in the case of non-filing. If a company is filing after a specific due date, then additional fees will be levied and in most cases late filing would be allowed.
Form MGT-7 is to be filed by every company except a One Person company and Small company. From the financial year 2020-21, OPC and small companies are required to file MGT-7A.
Every company except a government company should file this return. According to regulation 1(3) of the Companies (Acceptance of Deposits) Rules 2014, the following companies are exempt from filing DPT-3:
Yes, every person who has been allotted a DIN and whose DIN status is "Approved" should file DIR-3 KYC. Thus, even a disqualified director who holds a DIN is required to file DIR-3 KYC.
AOC 4 XBRL (extensible business reporting language) is to be filed by the following companies: