ROC Filing

Overview of ROC Filing

ROC (Registrar of Companies) filing is the process of submitting the audited financial statements and annual returns of a company to the Ministry of Corporate Affairs (MCA) under the provisions of the Companies Act, 2013. It is a mandatory compliance requirement for all registered companies, ensuring transparency and accountability in business operations.

Key Features of ROC Filing

1. Mandatory Compliance: All companies, whether public or private, must file their annual return and financial statements with the Registrar of Companies (ROC).
2. Deadline for Filing: The first AGM must be held within 9 months from the end of the first financial year of the company. Subsequent AGMs should be held within 6 months from the close of the financial year.
3. Annual Financial Statements: Companies must submit audited financial statements, including balance sheets, profit & loss accounts, and cash flow statements.
4. Board Approval: The financial statements and the annual return must be approved by the Board of Directors before submission.

Benefits of ROC Filing

1. Legal Compliance: Ensures that the company complies with the legal requirements set out by the MCA.
2. Transparency: ROC filings maintain the transparency of a company’s financial health and business operations.
3. Avoid Penalties: Timely filing avoids penalties and fines for non-compliance.
4. Credibility: Proper filings enhance the company’s credibility and reputation, as stakeholders can access reliable financial data.