Annual Compliances (ROC)

If you run a company in India, it’s important to ensure that you are meeting all the annual compliance requirements set forth by the Registrar of Companies (ROC). Here are some of the key annual compliances that your company needs to fulfill:

• Annual General Meeting (AGM): Every company is required to hold an AGM each year within six months of the end of the financial year. The purpose of the AGM is to discuss and approve the company’s financial statements and other key matters.
• Filing of Financial Statements: Every company is required to file its financial statements with the ROC within 30 days of the AGM. This includes the balance sheet, profit and loss statement, and other related documents.
• Filing of Annual Returns: Every company is required to file its annual returns with the ROC within 60 days of the AGM. The annual return includes information about the company’s directors, shareholders, and other key details.
• Appointment of Auditors: Every company is required to appoint an auditor within 30 days of incorporation. The auditor is responsible for auditing the company’s financial statements and ensuring that they are accurate and comply with accounting standards.
• Maintenance of Statutory Registers: Companies are required to maintain various statutory registers, including the register of members, register of directors, register of charges, and others.
• Compliance Certificates: Some companies are required to obtain compliance certificates from a professional such as a company secretary or a chartered accountant. This certificate certifies that the company is in compliance with all the relevant laws and regulations.

By fulfilling these annual compliance requirements, companies can ensure that they are operating legally and avoid potential penalties or other legal issues. It’s important to work with an experienced professional who can help you understand your specific compliance requirements and ensure that you are meeting them in a timely and accurate manner.