Roc Annual Filings Process Online In Bangalore

Roc Annual Filings Process Online In Bangalore



The paperless world is taking over India Inc as corporate filings that used to be done in physical form with the registrar of companies (ROC) and the stock exchanges are now being filed online. Although there are still some issues, including limitations on file size and formats of reports, India Inc is slowly making the transition to electronic filings, which offer greater efficiency and eliminate red tape.

During the current fiscal, more than 2.25 lakh companies have been struck off by ROCs because they failed to submit financial statements and annual Filing returns for two consecutive years. This has prompted the Central Board of Direct Taxes to ask zonal heads to check whether these companies indulged in money-laundering activities during the demonetisation period.

A Pvt Ltd company is required to comply with the annual filing requirement with the registrar of companies (ROC). This can be a cumbersome task given that the statutory compliance also involves preparation and submission of a number of documents. It is important to note that non-compliance with ROC regulations attracts stringent penalties, which can add up to the legal costs of a business.

It is possible for a business to avoid the penalties levied by the registrar of companies by opting for online filing of ROC returns. This can be done through the help of a professional who is experienced in handling such matters. The professional will assist the client in preparing the annual return by submitting all the necessary documents like financial statements, profit and loss account, balance sheet and director report through the online system.

 

Tel:+917299972500

info@filingpoint.com

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