Filing of Annual Return with ROC in Bangalore

Filing of Annual Return with ROC in Bangalore: The companies in Bangalore must file their annual returns with the Registrar of Companies (ROC). The ROC is responsible for administering the Companies Act, of 2013. Under this, a company is required to file the annual returns after the General Meeting date. A time of 30 days to 60 days is allowed for the submission. The Audited financial statements come under sections 129 and 137 ( Rule 11) of The Companies Act whereas the annual returns are governed under Section 92 of The Companies Act, 2013.  This is also a part of the Companies (Management and Administration) Rules, 2014.

The Registrar of Companies is an authority that helps the alliance work efficiently and transparently. Filing of Annual Returns with ROC in Bangalore requires assistance. Prakasha & Co is a legal service provider in Bangalore. Its services include private limited company registration, import-export registration, shop establishment registration, etc.

The team at Prakasha and Co can guide you through the process of Filing of Annual Return with ROC in Bangalore. To know more, contact us at +91 7019 827 351 or write an email at crp@prakashaandco.com.

Why Filing Annual Returns with ROC in Bangalore is Necessary?

The Companies Act 2013 states that annual audits are necessary. This helps maintain their legal status and reduces the chances of penalties. It enhances transparency and builds the trust of stakeholders in the company. Further, it maintains financial stability by keeping a record of the historical analysis.

Let’s further discuss why the Filing of Annual Returns with ROC in Bangalore is a crucial aspect.

Meets the Legal Requirements: The ROC filings in Bangalore is important as the Companies Act, 2013 states that it is important for every company ( Private, Public, and one-person company) it is important to file annual returns. Not doing so can lead to possible causes and legal action.

Obedience: The Filing of Annual Returns in Bangalore and providing an assurance that the company is progressive and follows the statutory laws of The Companies Act 2013. Not obeying the laws of the act can lead to penalties and fines, and a person can face legal consequences.

Managing Records: With a process of Annual Filling Returns with ROC it is easy to maintain the records. This includes Shareholding patterns, directorship details, compliance with regulatory norms, and financial statements.

Process File an Annual Return with ROC in Bangalore

This is a legal procedure under which you need to follow some steps. If any of it is missed, it can cause hurdles. Mentioned below are the steps of it.

Financial Statements: Before stepping forward for the Filing of Annual Returns with ROC in Bangalore, you must get ready with the financial statements. It includes balance sheets, profit and loss statements, account maintenance slips, and cash flow statements.

Directors of the Board Meeting: The board of directors of the authorities should hold a meeting to approve the financial statements. They should have a week before filling out the annual records.

Digital Signature Certificates (DSC): The directors of the board need to fill up the digital signatures. After obtaining this, it will be uploaded in the annual return filing documents, This is an essential process as it reduces the chance of the cancelation of the audit returns mid-way.

The Annual Return Forms: The companies after the above process need to start the preparation of the annual return forms. The larger organizations need to look up the Form MGT-7 whereas the smaller organization needs to prepare Form MGT-7A.

ROC Filing: After you are done with the filling of the forms, the next step involves Ministry of Corporate Affairs (MCA) involvements. They will send the approvals with a specific fee.

Compliance Certificate: If the per capita of a company goes higher than INR 10 million, they then need to practice company secretary.

Verification of the Documents: After, the ROC filing verifies and acknowledges the documentation offers and then further begins with the process.

Mandatory Documents for an ROC Filing in Bangalore

For ROC filing in Bangalore, there are some mandatory documents you need to gather. The team of Prakasha and Co. is here with the details of it.

• A Balance Sheet ( 23 AC) is mandatory followed by the Profit and Loss Accounts (23 ACA) statements.
•  Annual Return: Form 20B to be filed by Companies having a share capital
• Annual Return: Form 21A to be filed by companies without share capital.
• Annual Return: Form 21A to be filed by companies without share capital.
• Compliance Certificate: Form 66 (Only for the Companies with a per capita of Rs.10 lakh to Rs. 5 crore)

Connect with Prakasha and Co. for ROC Filing

Prakasha and Co. is a group of legal consultants offering services for the past 15 years. We offer various types of services to clients including GST filing, Annual Audit, etc. As the top-tier firm in Bangalore, we can help you with Filing Annual Returns with ROC in Bangalore. The ROC filing is very simple and it won’t cause any complexities when done by our professionals. Contact us to avail of the service.

Call- +91 7019 827 351

Email- crp@prakashaandco.com