Annual ROC Compliances in India – An Overview
Companies and LLPs that are running in India with registration issued under the regulation of Companies Act, 2013 and Limited Liability Partnership Act, 2008, are to compulsorily follow a set of annual submission/declaration filing procedure with ROC (Registrar of Companies) in prescribed deadline, failing the obligation may lead to penal charges as per the rule put in place in India. Apart from that, companies and LLPs are to submit their IT Return on time irrespective of any income, profit or loss faced by the entity. Registrar of Companies (ROC) is the regulatory body working under Ministry of Corporate Affairs (MCA) that issues Registration/Incorporation Certificate to Indian Companies and LLPs, grants their closure and looks after their administrative processes.
Benefits Of Roc Filing Compliance
- Helps to remain organised, aware and updated about the Company’s administrative, legal and financial position.
- Proof of existence of Companies/LLPs when their annual reports are regularly submitted correctly in ROC’s official records.