Company Annual Compliance in India: ROC Filings, Due Dates and Penalties
Running a company in India does not end with incorporation. Once a company is registered, it has to follow several statutory and regulatory requirements every year. Annual compliance is one of the most important responsibilities of a company, whether it is actively doing business or has very little activity during the financial year. Company annual compliance mainly involves maintaining statutory records, preparing financial statements, conducting the Annual General Meeting (AGM), and filing prescribed forms with the Registrar of Companies (ROC) through the Ministry of Corporate Affairs (MCA) portal. Missing these requirements can result in additional filing fees, penalties and, in serious cases, other legal consequences. Therefore, companies should maintain a proper compliance calendar and complete their filings within the prescribed timelines. What Is Company Annual Compliance? Company annual compliance refers to the statutory filings, disclosures, meetings and records that a compan...