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Annual ROC (Registrar of Companies) Compliances are detailed reports on business practices that are expected to be submitted on time by every registered firm in India. Annual compliances for the companies are required for every registered company, whether it conducts a single business transaction or multiple transactions. The company must comply with the annual compliance obligation regardless of its entire turnover or capital amount.
A company is a legal body formed by a group of people to conduct and manage a business. In India, companies are of the types of Private Limited Company, Partnership Firm, One Person Company, and others.
The Companies Act of 1956 governs the formation of a company in India. Once a company is formed, it must adhere to several regulations. According to these regulations, all companies registered in India must maintain yearly compliances, such as annual returns and income tax returns with the Registrar of Companies (ROC).
The Registrar of Companies is the regulatory authority within the Ministry of Corporate Affairs (MCA) in charge of enforcing the Companies Act, 2013. Section 609 of the Company Act of 1956 entrusts the ROCs with the principal task of registering companies formed in the respective states and union territories under their jurisdiction. The ROC grants firms registration or incorporation certificates and regulates their administrative activities.
Why is ROC compliance required?
ROC compliance is required for every registered company in India. The following are the reasons that make ROC compliance necessary:
ROC Filing Form
There are various compliance and forms which are required to be filed by a company to inform the ROC regarding the changes made within the Company such as a change in Director, change in Authorized Share Capital, Return of Allotment, the appointment of Statutory Auditor, and so on. The forms include:
Offices in India
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