Managing regulatory compliance is crucial for companies to operate smoothly within the legal framework. The Registrar of Companies (ROC) in India sets forth various compliance requirements that companies need to adhere to.
Here’s a detailed ROC Compliance Calendar for the Financial Year (FY) 2024-25:
1. MSME-01:
- Compliance: Form for furnishing half-yearly return with the registrar in respect of outstanding payments to Micro or Small Enterprises.
- Period: 1st October 2023 to 31st March 2024
- Due Date: 30th April 2024
2. Form-11:
- Compliance: Annual Return of Limited Liability Partnership (LLP)
- Period: FY 2023-24
- Due Date: 30th May 2024
3. PAS-06:
- Compliance: Reconciliation of Share Capital Audit Report (Half-yearly)
- Period: 1st October 2023 to 31st March 2024
- Due Date: 30th May 2024
4. DPT-03:
- Compliance: Filing return of deposit or particulars of transaction not considered as deposit or both by every company other than Government company.
- Period: FY 2023-24
- Due Date: 30th June 2024
5. DIR-03 KYC:
- Compliance: Application for KYC of directors
- Period: FY 2023-24
- Due Date: 30th September 2024
6. ADT-01:
- Compliance: Informing ROC about Appointment of Auditor
- Due Date: Within 15 days from the conclusion of AGM
- FY 2023-24 AGM Due Date: 30th September 2024
- Due Date: 14th October 2024
7. Form-08:
- Compliance: Statement of Account & Solvency and Charge filing
- Period: FY 2023-24
- Due Date: 30th October 2024
8. AOC-04:
- Compliance: Filing financial statement and other documents with the Registrar
- Due Date: Within 30 days from the conclusion of AGM
- FY 2023-24 AGM Due Date: 30th September 2024
- Due Date: 30th October 2024
9. MGT-07A:
- Compliance: Filing Abridged Annual Return for OPCs and Small Companies
- Due Date: Within 60 days from the conclusion of AGM
- FY 2023-24 AGM Due Date: 30th September 2024
- Due Date: 29th November 2024
10. MGT-07:
- Compliance: Filing Annual Return for companies other than OPCs and Small Companies
- Due Date: Within 60 days from the conclusion of AGM
- FY 2023-24 AGM Due Date: 30th September 2024
- Due Date: 29th November 2024
11. PAS-06:
- Compliance: Reconciliation of Share Capital Audit Report (Half-yearly)
- Period: 1st April 2024 to 30th September 2024
- Due Date: 29th November 2024
12. MGT-14:
- Compliance: Filing resolutions and/or agreements within 30 days after being passed at the meeting of the Board/Shareholders
- FY 2023-24 AGM Due Date: 30th September 2024
- Due Date: 30th October 2024
13. MSME-01:
- Compliance: Form for furnishing half-yearly return with the registrar in respect of outstanding payments to Micro or Small Enterprises.
- Period: 1st April 2024 to 30th September 2024
- Due Date: 31st October 2024
These due dates are subject to change if extended by the ROC.
Due Date for conducting Annual General Meeting:
- The AGM of every company, except OPCs, must be held no later than six months following the conclusion of the financial year.
- AGMs should be held before September 30 if the financial year ends in March.
- The first AGM may be held within nine months following the conclusion of the first financial year.
- AGMs should be held at intervals of no more than 15 months.
Frequently Asked Questions on ROC Compliances, MSME, and AGM
In the realm of business governance and regulatory compliance, certain terms and procedures often raise questions among entrepreneurs and business owners. To shed light on some of the commonly asked queries, here’s a detailed FAQ covering ROC compliances, MSME classification, and AGM requirements:
1. What are ROC compliances?
- ROC (Registrar of Companies) compliances refer to the annual reporting obligations that every registered company/LLP (Limited Liability Partnership) in India must fulfill. These procedures entail submitting detailed reports as per the Companies Act, 2013 and Companies Rules within the prescribed deadlines. Failure to comply may result in penalties.
2. How to do ROC form filing?
- Companies/LLP can download the requisite forms from the MCA (Ministry of Corporate Affairs) website. After filling out the forms and attaching necessary documents, they must submit them on the MCA portal for processing.
3. Are the forms that need to be filed with ROC monthly or yearly?
- ROC forms are annual in nature. There are no monthly filings required with ROC. These forms primarily pertain to the financial information of the company/LLP for a given financial year.
4. Can we ask for an extension from the ROC for filing forms?
- Yes, companies/LLP can request an extension for filing ROC forms by submitting an application to the ROC where they are registered. The request should include valid reasons for the extension, and if deemed appropriate, the ROC may grant an extension.
5. What is an MSME?
- MSME stands for Micro, Small, and Medium Enterprise. These classifications are based on investment in plant and machinery or equipment, as well as annual turnover.
- Micro-enterprise: Investment not exceeding Rs. 1 crore and turnover not exceeding Rs. 5 crore.
- Small enterprise: Investment not exceeding Rs. 10 crore and turnover not exceeding Rs. 50 crore.
- Medium enterprise: Investment not exceeding Rs. 50 crore and turnover not exceeding Rs. 250 crore.
6. By when should the AGM be held?
- All companies except One Person Company (OPC) must conduct their Annual General Meeting (AGM) within six months from the end of the financial year. For instance, if a company’s financial year ends in March, the AGM should be held before 30th September. The gap between two AGMs should not exceed 15 months.
Understanding these key aspects of business compliance ensures smooth operations and regulatory adherence for companies and LLPs across India. Stay informed, stay compliant!
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