Accountability of the company to the stakeholders is mandatory and is done via Financial Statements, disclosures, Board’s report and the Auditor’s report. The main means of communication between the Board of Directors and the shareholders is through the financial statements.Form AOC 4 is used to file the financial statements for each financial year with the Registrar of Companies (ROC).In the case of consolidated financial statements, the company shall file the AOC 4 CFS.synmac provide you the best AOC 4 FILING in Chennai, Bangalore & Delhi.
Financial statements are the source on the basis of which the Board of Directors and shareholders can evaluate the performance of a company. Form AOC 4 is for filing the company’s financial statement for every financial year with the Registrar of Companies. The company is responsible for duly furnishing the form within 30 days of its Annual General Meeting. AOC-4 needs to be approved by a practising Company Secretary or Chartered Accountant (CA).
The following companies are required to file AOC 4 XBRL (extensible business reporting language):
• All companies listed with any stock exchange in India and their Indian subsidiaries.
• All companies with a capital of 5 crores or above.
• All companies with a turnover of 100 crores or more.
• All companies which were covered till date under the Companies Rules 2011.synmac provide you the best AOC 4 FILING in Chennai ,Bangalore & Delhi.
• Non-Banking Financial Companies and companies engaged in Power Sector, Banking, and Insurance are exempt from filing financial statements with Form AOC in XBRL.
• For Non-Banking Financial Companies AOC-4 NBFC is required to be filed which has been introduced on 20.02.2020.synmac provide you the best AOC 4 FILING in Chennai ,Bangalore & Delhi.
• Balance Sheet with its Notes.
• Profit and Loss Statement with its Notes.
• Cash Flow Statement.
• Statement of Change in Equity.
• Reports from the Auditor
• Reports from the Board
• Corporate Social Responsibility Report, if Any
• Statement of Subsidiaries in Form AOC-1, if Any
• Other Relevant Documents, if Any Required.synmac provide you the best AOC 4 FILING in Chennai ,Bangalore & Delhi.
The AOC 4 form is to be filed by 29th October 2020 or within 30 days from the annual general meeting for the FY 2019-20. Therefore it is mandatory to file the form before the due date arrives. Also, there is a provision of penalty if the AOC 4 e-form is missed. It is to be noted that the AOC 4 e-form is to be filed within 30 days from the conclusion of the AGM (In case of OPC within 180 days from the end of the financial year).synmac provide you the best AOC 4 FILING in Chennai ,Bangalore & Delhi.
Fees Structure for Filing AOC 4 form is based on the authorized capital of the company:-
• Less than 1,00,000- Rs 200 per document.
• 1,00,000 to 4,99,999- Rs 300 per document.
• 5,00,000 to 24,99,999- Rs 400 per document.
• 25,00,000 to 99,99,999- Rs 500 per document
• 1,00,00,000 or more - Rs 600 per document.For Company not having share capital Rupees 200 per document will be the fees.synmac provide you the best AOC 4 FILING in Chennai ,Bangalore & Delhi.
From 01st July 2018, the late filing of Form AOC-4 shall attract the penalty of Rs. 100 per day till the date of filing. As per Company fresh start scheme 2020 Aoc-4 for previous years can be filed without paying late fees till 30th September 2020.
• Delay up to 30 Days – 2 times of normal filing fees.
• More than 30 days and Up to 60 Days – 4 times of normal filing fees.
• More than 60 days and Up to 90 Days – 6 times of normal filing fees
• More than 90 days and Up to 180 Days – 10 times of normal filing fees
• More than 180 days and Up to 270 Days – 12 times of normal filing fees
Apart from penalties, there are even worst consequences on delay, the Directors, Managing Director or Chief Financial Officer of the company may get convicted and sent to jail or may get bound to pay the sum of fine as per the provision of Companies Act 2013.synmac provide you the best AOC 4 FILING in Chennai ,Bangalore & Delhi.
• A declaration has to be given by the Director/Manager/Secretary/CEO/CFO certifying that all information provided in the form is true and correct and is in compliance with the law.
• The form has to be digitally signed along with the DIN of the director or PAN of the Manager/CEO/CFO.
• A full time practising Chartered Accountant/Cost Accountant/ Company Secretary has to provide a declaration stating he/she has verified all the documents attached and he/she certifies all the information to be true, correct and complete.
• The practising professional has to also state the membership number and the status i.e. fellow or associate.synmac provide you the best AOC 4 FILING in Chennai ,Bangalore & Delhi.
• The company must appoint and authorize the auditors for the audit of the financial statements.
• As per the company act, the directors with the help of other key officials have to prepare a board report.
• In the Board Meeting, the Financial Statement and the Board report has to be approved.
• The financial statement shall be framed after the conclusions of the Annual General Meeting (AGM). After all, shareholder’s approval is the ultimate requirement for accepting the financial statements.
• Company’s general details such as Corporate Identity Number (CIN);
• Details about its director/s, manager, CEO, CFO and all who signature company’s financial statements and Board Report;
• Details about Auditor and SRN of ADT-1 etc should be filed with Form AOC-4 along with company’s financial parameter, P&L account, Balance sheet, share capital, Corporate Social Responsibility (CSR) reporting and Acknowledgement of related party transaction.synmac provide you the best AOC 4 FILING in Chennai, Bangalore & Delhi.
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