The books are used to prepare the Financial Statements for the End of the Financial Year for filing the ROC Report and the Income-tax Return. The company's financial statements are drawn in compliance with accounting standards. They are also prepared according to Schedule III of 2013, which contains all the disclosures required by law. We recommend that our customers maintain their books and accounts using quality accounting software. It is important that accounting software can keep track of changes in company accounts. Get in touch with us for support in accounting and software implementation. We are technical partners with Quickbooks and Zoho Books.

• Balance Sheet
• Profit & Loss Account
• Statement of Cash Flow
• Notes to Account
• Statement of Changes in Equity

An annual general meeting (AGM) is a meeting of shareholders to carry out four important business. AGM is a statutory gathering under section 96 Companies Act 2013. A company should hold its first AGM nine months after the financial year's end. The next AGM should take place within six months. The interval between AGMs shouldn't exceed 15 months. Financial Year, which has been defined differently by the Companies Act 2013, must be understood.
The meaning of the financial statement: When referring to an existing company, the financial year refers to the period that ends on 31 March for all financial years. A newly incorporated company will have its financial year beginning when it was incorporated and ending with 31 March for the next fiscal year.
Consequences in default at Annual General Meeting: Any default in AGM or any provision of section 96 - 98 of 2013, the Companies Act, 2013, must be punished by a fine of up to Rs One lakh. In case of a continual offense, the ROC may impose a Rs 5000 fine for every day of default.

The company is a legal entity distinct from the others and is subject to the Income Tax Act 1962. Whatever the company's transactions or profitability, all companies must file their Income Tax Return in ITR-6 for the prior year. Each company established on or after 31 March 2021 should file its Income Tax Return during FY 2021-22. The company's income tax returns should be filed after the audit, and financial statements have been completed.
Due date of filing ITR: Company ITR must be filed by 31 October 2021 for the financial year 2020-21. Late filing of ITRs will incur a penalty as high as Rs 10,000/¬.
Late or Revised ITTR: As per the Finance Act (2021), the last date to file late (late or revised) ITR for FY 2020-21 has been reduced by three months. Accordingly, 31 December 2021 is now the last date to file the revised ITR (late).

The annual general meetings have four functions. They approve financial statements, declare the dividend appointment and decide whether to reappoint the auditor. ADT-1 is a form that must be filed with the ROC to inform them of any changes or additions to the company's statutory auditor. ADT-1 must file with the ROC no later than 15 days following the conclusion of the AGM. More fees may be required if the filing is delayed.

A company must file its annual audited financial report and the Director's Report to the ROC with the prescribed form AOC-4 within the time limit of the AGM. Here is a list with links to documents you should attach to AOC-4 forms when filing them.

• Balance Sheet with notes
• Profit and Loss Account with Notations
• Statement of Cash Flow
• Statement of Equity Change
• Auditor's reports
• Directors Report
• CSR report (if applicable)
• Statement of Subsidiary, AOC-1 (if applicable)

AOC-4 Certificate: The form AOC-4 has been certified by Digital Signature from the CEO, Director, Manager or CFO. A Practicing CA, CS, and CMA will also confirm the correctness and validity of AOC-4.
AOC-4 Filing Delay: If financial statements or other documents are not submitted in Form AOC-4 by the deadline, they will be returned to the AGM with an additional fee of Rs 100 each day.
AOC-4 Non-Filing Consequences: AOC-4, which is required by law under the company's act 2013, requires AOC-4 be filed. A company that fails to file the financial report along with any attachments, including the director report and auditor report, is subject to a penalty of Rs. The company in default is subject to an Rs. 1000 per day for default with a maximum penalty of up to Rs 10 Lakhs.
The Personal Liability of Each Director for Non-Filing of AOC-4. Each director and CFO can be personally held liable for an Rs One Lakh plus Rs100 for each day that continues to default. A maximum fine not exceeding Rs 5 Lakhs is possible.

An Annual Return to ROC must be filed by every company under section 92, 2013, within 60 days from the end of the AGM. Every company must file MGT-7. It is a summary of key information and is mandatory according to the law. All company, significant changes over the past financial year can be found in the company's annual return.
For all companies that need to hold AGMs, filing annual returns is required. Even if the company has made no transactions, it is still mandatory to file Company ROC.
Due Day & ROC Fee An annual return must be filed within the 60 days following the conclusion of the AGM. MGT-7's prescribed ROC filing fees are only Rs 300 for companies with an authorized stock capital of Rs 1 00,000. MGT-7 can be filed if the annual returns are not filed by the due date. A more Rs 100 fee will be charged for each day of delay.

Recently, MCA created a new form allowing Person Companies to file annual returns. It also prescribed MGT-7A. MGT-7A has been simplified to reduce the complexity of OPC annual tax filing. Due Day for Filing MGT-7A OPC Return: OPCs do not need to have an AGM. Thus, the event for filing an annual return in MGT-7A OPC returns is 180 Days from the end of the financial year. So, the 60-day period for filing the ROC Annual return for OPC must begin on the date mentioned above. OPC Annual Return is due for 2020-21. Fee Required: A prescribed filing fee for the OPC annual returns is Rs 300 for OPCs with an authorized capital of Rs 1 00,000. More fees of Rs 100 for each day after the OPC ROC Annual Report is due are levied if the OPC ROC Annual Report is not filed by the due date (29th Nov 2021).