ROC Compliances

The annual ROC compliances are detailed reporting of the business procedures that every registered company/LLP in India

should submit within the due date prescribed in the Companies Act, 2013 and Companies Rules. The companies/LLP must file the ROC forms with ROC without fail, or else they will have to pay a penalty.

ROC form filing

Companies/LLP must download the forms from the MCA website. They need to fill it, attach the required documents and submit them on the MCA portal. 

ROC monthly or yearly

The ROC forms are annual forms. There are no forms that need to be filed every month with the ROC. The forms to be filed with the ROC relate to the financial information of the company/LLP for a financial year.

ROC for filing forms

A company/LLP can ask for an extension in the due date for filing a ROC form by applying for an extension with the ROC where the company/LLP is registered. The company/LLP has to state the reason for the extension required for filing a form. The ROC will grant an extension if the reason is valid. 

MSME

An MSME is a Micro, Small and Medium Enterprise. A micro-enterprise is an entity whose investment in plant and machinery or equipment is not more than Rs.1 crore, and annual turnover is not more than Rs. 5 crore. A small enterprise is an entity whose investment in plant and machinery or equipment is not more than Rs.10 crore, and annual turnover is not more than Rs. 50 crore. A medium enterprise is an entity whose investment in plant and machinery or equipment is not more than Rs.50 crore, and annual turnover is not more than Rs.250 crore.

All companies except One Person Company (OPC) must hold their AGM within a period of six months from the end of the financial year. If the company’s financial year ends in March, then the company must conduct an AGM before 30 September every year. However, in the case of a first annual general meeting, the company can hold the AGM in less than nine months from the end of the first financial year. The time gap between two AGMs of a company should not exceed 15 months.