Streamlined Annual Filing for a Compliant and Successful Business
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RETURNS
Annual Filing
Annual Filing is a mandatory compliance process for companies and Limited Liability Partnerships (LLPs) in India, as per the Companies Act, 2013 and LLP Act, 2008. It ensures that all key financial and operational information is submitted to the Ministry of Corporate Affairs (MCA) on an annual basis. Filing these documents accurately and on time is essential for maintaining the company’s legal status, avoiding penalties, and ensuring transparency for stakeholders.
Necessity of Annual Filing
1. Legal Compliance: Stay compliant with the Companies Act and LLP Act to avoid penalties and potential legal issues.
2. Transparency: Provide stakeholders with an accurate overview of the company’s financial health and operations.
3. Avoid Penalties: Timely filing helps avoid heavy penalties, which can accrue daily for non-compliance.
4. Business Credibility: Maintaining proper records and filing on time enhances your company’s reputation among investors and clients.
5. Record of Growth: Filing annual financial reports showcases the company’s performance and growth trajectory, providing insights for future planning.
Who Should Opt for Annual Fillings?
1. Private Limited Companies
Maintain Legal Status and Ensure Compliance
All private limited companies must file their annual returns (Form MGT-7) and financial statements (Form AOC-4) with the MCA to maintain their legal status and avoid penalties.
2. Limited Liability Partnerships (LLPs)
Ensure Compliance with LLP Laws
LLPs are required to file annual returns (Form 11) and financial statements (Form 8) each year. This ensures compliance with the LLP Act and prevents legal complications.
3. Public Limited Companies
Stay Compliant and Maintain Stakeholder Trust
Public limited companies must file their annual returns and financial statements to comply with the Companies Act and to provide transparency for shareholders and the public.
Our Process
Data Collection and Review: We collect all necessary documents, including financial statements, directors’ reports, and other required information, to prepare for the annual filing process.
2. Preparation of Annual Returns: Our team prepares and files Form MGT-7 (for private and public limited companies) or Form 11 (for LLPs), detailing the company’s key information, including directors, shareholders, and share capital.
3. Preparation of Financial Statements: We file Form AOC-4 (for companies) or Form 8 (for LLPs) to submit your company’s balance sheet, profit and loss account, and other financial details to the MCA.
4. Ongoing Compliance Support: We provide ongoing support to ensure that your company or LLP remains compliant with all filing deadlines and regulatory requirements throughout the year.
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Have questions? Ask us or find your answer here
Private limited companies must file Form MGT-7 (annual return) and Form AOC-4 (financial statements) with the Ministry of Corporate Affairs.
For companies, annual returns (Form MGT-7) must be filed within 60 days of the Annual General Meeting (AGM), and financial statements (Form AOC-4) within 30 days of the AGM. LLPs must file Form 11 by 30th May and Form 8 by 30th October each year.
Late filing attracts penalties, with fees starting at ₹100 per day for each form. Continued non-compliance can also lead to legal action against the company or LLP.
Documents include the company’s balance sheet, profit and loss account, cash flow statement, directors’ report, and auditor’s report for companies. LLPs must submit a statement of accounts and solvency.
Yes, annual filings must be done online through the MCA portal. We handle the entire process on your behalf, ensuring accuracy and timely submission.
While it’s not possible to revise an annual return after filing, corrections can be made through a rectification request with the MCA for certain errors.
Form AOC-4 is used to file the financial statements of a company, including the balance sheet and profit and loss account, ensuring that the company’s financial health is reported to the government.
Failing to file annual returns can result in daily penalties, disqualification of directors, and even the company being struck off the registrar, leading to the cessation of business operations.