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AOC-4 FILLING IS MANDATORY FOR OPC ?

AOC-4 FILLING IS MANDATORY FOR OPC

AOC-4 FILLING

AOC-4 is a form that is used to file the financial statements of a company with the Registrar of Companies (ROC) in India. The form is required to be filed within 30 days of the company’s annual general meeting (AGM).

The form AOC-4 contains the following information:

  • The company’s name and registration number
  • The financial year for which the financial statements are being filed
  • The balance sheet
  • The profit and loss account
  • The cash flow statement
  • The notes to the financial statements
  • The auditor’s report

The form AOC-4 must be certified by a practicing Chartered Accountant or Company Secretary.

The penalty for not filing AOC-4 on time is Rs. 10,000 per day, up to a maximum of Rs. 5 lakhs.

some of the key features of AOC-4:

  • It is a mandatory form that must be filed by all companies in India.
  • It must be filed within 30 days of the company’s annual general meeting.
  • The form contains the company’s financial statements for the previous financial year.
  • The form must be certified by a practicing Chartered Accountant or Company Secretary.
  • The penalty for not filing AOC-4 on time is Rs. 10,000 per day, up to a maximum of Rs. 5 lakhs.

AOC-4 FILLING IS MANDATORY FOR OPC

AOC-4 filing is mandatory for OPCs. OPCs are required to file AOC-4 within 180 days of the end of their financial year. The form AOC-4 contains the company’s financial statements for the previous financial year, including the balance sheet, profit and loss account, cash flow statement, notes to the financial statements, and the auditor’s report.

Here are some of the key reasons why AOC-4 filing is mandatory for OPCs:

  • It is a statutory requirement under the Companies Act, 2013.S
  • It provides transparency and accountability to the company’s stakeholders.
  • It helps to protect the interests of the company’s creditors.
  • It helps to ensure that the company is complying with all applicable laws and regulations.

If you are an OPC, it is important to ensure that you file AOC-4 on time to avoid any penalties. You can file AOC-4 online through the Ministry of Corporate Affairs (MCA) website.

Additional Information

  • The form AOC-4 can be filed in either paper or electronic format.
  • The form AOC-4 must be signed by the company’s auditor.
  • The form AOC-4 must be accompanied by the company’s financial statements.
  • The form AOC-4 must be filed with the ROC in the state where the company is registered.

 

BENEFITS

There are several benefits to filing Form AOC-4 on time. These include:

  • Compliance with the law. Filing Form AOC-4 is a legal requirement for all companies registered under the Companies Act, 2013. Failure to file the form on time can result in penalties, such as fines or imprisonment.
  • Transparency and accountability. Form AOC-4 provides shareholders with a detailed overview of the company’s financial performance. This information can help shareholders make informed decisions about their investment.
  • Access to credit. Lenders and other financial institutions often require companies to file Form AOC-4 before they will approve a loan or other form of credit. This is because the financial statements provide lenders with information about the company’s ability to repay its debts.
  • Investor confidence. Filing Form AOC-4 on time can help to boost investor confidence in the company. This is because it shows that the company is transparent and accountable, and that it is taking its financial reporting obligations seriously.