Company Compliance





ROC Filing

Every Company have wo file their annual accounts to ROC (Registrar of Company). In Annual Return Company need to file AOC-4, MGT-7, ADT-1 either in XBRL or non-XBLRL.
• Following class of companies shall file their financial statement and other documents under section 137 of the Act, with the Registrar in e-form AOC-4 XBRL for the financial years commencing on or after 1s' April, 2014 using the XBRL taxonomy given in Annexure II to the Rules, namely:-i. all companies listed with any Stock Exchange(s) in India and their Indian subsidiaries; or
ii. all companies having paid up capital of rupees five crore or above;
iii. all companies having turnover of rupees hundred crore or above; or
iv. all companies which were hitherto covered under the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2011:

Provided that the companies in Banking, Insurance, Power Sector and Non-Banking Financial companies are exempted from XBRL filing.
Under the erstwhile Companies Act 1956, similar classes of companies were required to do the XBRL filing:
• A company required to furnish cost audit report and other documents to the Central Government under sub-section (6) of section 148 of the Act and rules made thereunder, shall file such report and other documents using the XBRL taxonomy given in Annexure-III for the financial years commencing on or after 1st April, 2014 in e-Form CRA-4 specified under the Companies (Cost Records and Audit) Rules, 2014.




Charge Creation/Satisfaction

When a company take any loan on which company's property charge to bank then such charge have to register in MCA. CHG-1 form to be filed for Charge creation and CHG-4 form to be filed for the purpose of Charge satisfaction and modification.




Director/Address Change

a. Director can be added and remove at any point of time in company, DIR-12 required to filed for normal director appointment, removal and designation change. MR-1 form to be filed in case of appointment of Managing director.
B. For address change of company, INC-22 required to be filed and in case of address change outside the state approval to be taken from central government.




Object/Name Change

Company have to register with a single object but lateron it can added and change their object. Like this company can also change their name at any point of time for extention of their business.




Closure of Company

If business is closed then company also required to be closed, there are two ways to close the company

1. Through fast track exit mode
2. Through Court

 




ROC Search report

When a company going to take any loan then they required to submit a ROC search treport which create the detail of existing loans, charges detail etc.




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