Annual Return Filing of a Company

Annual filing means submitting companies' financial and non-financial information to the Companies regulatory authority, i.e., the ROC (Registrar of Companies) of the concerned state where the Company's registered office is situated within the stipulated time period.

Annual filing ensures transparency in the working of the companies. Since it is a mandatory requirement, companies cannot hide their financial information. The Annual Filing provides various company information such as the Company's business activities, capital structure, cash flow, liquidity and profitability, transactions with related parties, etc.

Eligibility Criteria for Annual Return Filing of a Company

You must submit financial and non-financial information about your Company to the company registrar of companies (ROC) via annual return filing. Any private limited or public limited Company falls within the Company's eligibility criteria for annual return filing. 

Details of the Annual Returns

All registered companies must file their Annual Returns with the Registrar of Companies in the e-form MGT 7. The filing must be conducted within 60 days from the date of the AGM, i.e., the Annual General Meeting. A Company can file its Annual Returns with the digital signature of the appointed directors of the Company or the registered DSCs of the Chartered Accountant auditing the Company.

If any of the following entities want to file its annual return filing or a company having or more or turnover of fifty crore rupees or more, they must have the ROC filing certified by a practising Company Secretary in the e-Form MGT 8:

• Listed Company
• Company with a paid-up share capital of Rs. 10 crores
• Company with a turnover of Rs. 50 crores or more
• Details Provided in Annual Return

The filed returns must contain the information from the previous financial year, such as:

About Business:

• Registered Office Address
• Principal Business Activities of the incorporation
• Particulars of its Company’s Holdings
• Company’s Subsidiary
• Associate Companies

About Shares:

• Shares details
• Debentures
• Securities
• Shareholding pattern of the Company
• Company’s Indebtedness details

About Membership:

• Member details
• Debenture holders and the requisite changes since the previous financial year's closure

About Company Personnel:

• Promoters Details
• Directors information
• Key Managerial Personnel, along with the changes since the previous financial year’s closure

About General Meetings:

• Meeting Members details
• Meeting Members classes
• Board of Directors
• Various Committees

Attendance Details of the Meeting

For Limited Company:

• Remuneration of Directors
• Remuneration of Key Managerial Personnel

About Penalties:

• Penalty/Imposed Punishment details
• Penalties served by the Company’s Directors/Officers
• Offence Compounding details
• Appeals against Penalty/Punishment

About Compliance:

• Certification of Compliances
• Disclosures details

About FDIs:

Share Details held by Foreign Institutional Investors, such as:

• Names
• Addresses
• Countries of Company’s Incorporation
• Registration
• Percentage of FDI’s shareholding

Company’s Undertaking:

• Undertaking Details signed by Directors or the Company Secretary
• If the Company appoints no Company Secretary, then a practising Company Secretary 

Documents Required for Annual Returns Filing of a Company

The documents required for the annual return filing of a company are as follows:

1. PAN card of the Company
2. ID proof of the directors of the Company
3. MOA of the Company to show the director details and shareholding pattern of the Company.
4. Financial Statements that include the following:

• • Balance Sheets
  • Cash Flow statements
  • Profit & Loss accounts

Process for filing Annual Returns of a company

Following is the list of compliances your LLP has to file per the MCA regulations:

Under the Companies Act, there are only two forms, namely, AOC-4 and MGT-7, which are prescribed for annual filing. Both documents are filed online to ROC.

E-form AOC-4

This Form mainly contains financial statements, which include Profit & Loss Account, Balance Sheet, and Cash Flow statements. All these statements reveal all the financial information of the Company.

This Form is filed within 30 days of the Annual General Meeting (AGM).

E-form MGT-7

This Form is used for filing the Annual Return, which contains both financial as well as non-financial information of the Company, which includes the following:

• Directors' details
• Various meetings held during the year
• Remuneration of Directors and KMP
• shareholding pattern and more
• This Form is filed within 60 days of the AGM

Annual Return shall also contain a certificate as per Form No. MGT 8  duly authenticated by the Company Secretary in practice in case of a listed company or a company having paid-up share capital of Rs. 10 Crore or more or turnover of Rs. 50 Crore or more.

Our Assistance in filing the Annual Returns of a Company

We at Registrationwala provide end-to-end solutions for filing Annual Return Filing of a Company. Our services include:

• Collection of information and starting the process
• Creating the first compliance draft
• Reviewing the draft and making changes if necessary
• Filing the compliance

Registrationwala.com is a leading legal consultancy firm providing comprehensive services relating to the Annual Return Filing of a Company. Have you filed the annual returns of your Company yet? If not, we are ready to rub them on your behalf.