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When a company is incorporated, there are a number of compliances under the Companies Act, 2013. Every company that is registered must inform the Registrar of Companies about the changes in the company like change in the registered office, changes in the memorandum of association, change of directors, etc.
Apart from this, a company must also file various ROC forms informing about the appointment of the auditor, resolutions passed or made by the company, annual returns of the company, agreements made by the company and so on.
The Companies Act 2013 and the different rules made under it specify various ROC forms for filing information, submitting accounts, company incorporation, etc. These forms must be filed carefully and one should be aware of the general requirements under the law.
ROC stands for the Registrar of Companies. It is an office under the Ministry of Corporate Affairs (MCA) that deals with the administration of the companies Act 2013. The Registrar of Companies has been appointed under section 609 of the companies act. It covers the states and union territories. Its primary duty is to register companies and LLP’s in the respective states and union territories. It shall also ensure that such companies and LLP’s comply with the statutory requirements of the Act.
The office of the Registrar of the company works as registry records, with respect to the companies registered with them that are ready for inspection by members of the public after payment of the prescribed fee. At present, there are 22 registrars of companies operating from offices across India. The Central Government has administrative control over these offices through its regional directors. The compliances applicable must be adhered to by the companies to avoid any penalties or fines.
Also, Read: Mandatory Compliances under Companies Act 2013.
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The Companies Act provides for filing of various ROC forms and returns to the Registrar of companies. All the companies must comply with the legal procedures under the Companies Act 2013. As part of the annual filing, many ROC forms have been prescribed to be filed to the Registrar of companies annually by the companies. Non-filing of the ROC forms within the due date may attract huge penalties and can even close your business down. No matter how well you manage the affairs of your businesses, if you fail to file ROC return, then it may ruin your hard work. The Companies Act and the rules prescribe stringent penalties in case of omission to file the ROC forms with the Registrar of Companies. The company, the officer of the company, or the director, responsible for filing the forms, shall be liable for penalties under the Companies Act, 2013.
The prescribed forms for filing information, submitting accounts, company incorporation, etc. must be filed in a timely manner in order to avoid any hindrances and for the smooth functioning of the business. In order to avoid penalties arising due to non-compliance, one must be aware of the general requirements under the law.
More Info: E-Form DPT-3 – Mandatory Filing of Return of Deposits.
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