All the firms enrolled beneath the companies act 2013 or previous acts are needed to furnish the financial and yearly return through the Ministry of Corporate Affairs. The forms to furnish the financials and yearly return are prescribed beneath section 137 and section 92 correspondingly of the companies act 2013.
Beneath section 137 of the companies act, 2013 companies are needed to furnish their audited financial statement in Form AOC-4
Sr. No | Company Type | “Applicable Taxonomy” |
---|---|---|
1 | “Companies listed with stock exchanges in India and their Indian subsidiaries” | IndAS |
2 | “Companies having paid-up capital of five crore rupees or above” | C&I |
3 | “Companies having a turnover of one hundred crore rupees or above” | C&I |
4 | The firms which are needed to prepare the financial statements under the Companies (Indian Accounting Standards) Rules, 2015 | IndAS |
But the mentioned companies are privileged from furnishing the financials statements in XBRL:
One person company is needed to furnish a copy of the financial statements 180 days from the closure of the fiscal year.
S.no | Share Capital of Nominal | Fee Applicable |
---|---|---|
1 | Less than 1,00,000 | Per Document INR 200 |
2 | 1,00,000 to 4,99,999 | Per Document INR 300 |
3 | 5,00,000 to 24,99,999 | Per Document INR 400 |
4 | 25,00,000 to 99,99,999 | Per Document INR 500 |
5 | 1,00,00,000 or more | Per Document INR 600 |
Prior to furnishing on the MCA website, the e-form AOC-4 is needed to be signed in the digital method through any of the mentioned key managerial personnel of the firm:
You must know that the e-form is digitally signed by the Director/Manager/ Secretary/CEO/CFO
The e-form AOC-4 requires to be certified through any of the mentioned practicing professionals:
Along with the Form AOC-4 firms, it needs to furnish the yearly return inside Form MGT-7/MGT-7A. There are various firms that want to furnish the yearly return in 60 days of AGM. Indeed from FY 2020-2021, the commencement of the firms (management and administration) revision rules 2021 one-person company and small company is needed to furnish the yearly return in Form MGT-7A.
The mentioned class firms are needed to obtain the certificate in Form MGT-8:
S.no | Nominal Share Capital | Fee applicable |
---|---|---|
1 | Less than 1,00,000 | INR 200 Per Document |
2 | 1,00,000 to 4,99,999 | INR 300 Per Document |
3 | 5,00,000 to 24,99,999 | INR 400 Per Document |
4 | 25,00,000 to 99,99,999 | INR 500 Per Document |
5 | 1,00,00,000 or more | INR 600 Per Document |
Prior to furnishing the MCA website, the e-Form MGT-7 needs to be digitally signed through any director of the firm.
Certification of the practicing professional (excluding the small firm or a company posing the company secretary).
The e-form requires to be certified through any of the next practicing professionals:
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