What happens if ROC filing is not done?

If the company fails to file the ROC Filing, the company as well as the directors are liable to the penalties and the consequences for non-filing. In case if there is further failure in filing the annual return, then a fine of Rs. 100 per day which is subject to maximum of Rs. 5,00,000 as penalty.

What is the penalty for late filing of ROC return?

In case the ROC filing is still at a failure a penalty of Rs. 1000 per day is imposed which cannot be more than Rs. 5,00,000 in total….Consequences of not filing ROC on time.

Period of Delay	Additional fee
More than 60 days and up to 90 days	6 times of normal filing fees
More than 90 days and up to 180 days	10 times of normal filing fees

Is there any extension for ROC filing?

The ROC’s of every state has issued the order of extension of time for holding AGM by two months. Thus, the due dates for filing Form ADT-1, AOC-4, MGT-7 and MGT-14 are extended by two months since there is an extension for holding AGM for FY 2020-21 by two months.

What if MGT 7 is not filed?

If the company is found guilty of not filing MGT 7 within the designated time limit then the company along with its key officials will be liable for paying Rs. 50,000 as a penalty. However, if the delay continues then the penalty of Rs. 100 per day will be payable until the amount reaches the maximum of Rs.

How much is the penalty for late filing of GIS?

For late AFS and GIS filings – the minimum penalty for each first offence is P500, for companies with assets of P100,000 or less. The penalty rises with the increase in assets, up to P5,000 for companies with assets above P10,000,000.

Can ROC return be revised?

Can we do revised filing of already filed Annual filing eForm? Yes, revised filing of all Annual filing eForms except Form 23AC/ACA and Form 23AC-XBRL/ 23ACA-XBRL can be done in respect of the Forms already filed but the fees for subsequent revised filing shall be charged, assuming it as a new filing.

Can ROC forms be revised?

Yes, revised filing of all Annual filing eForms except Form 23AC/ACA and Form 23AC-XBRL/ 23ACA-XBRL can be done in respect of the Forms already filed but the fees for subsequent revised filing shall be charged, assuming it as a new filing.

Can revised MGT-7 be filed?

In case of Annual return, You can file fresh MGT-7, if earlier one was defective. So the latest one shall be considered for records. For Revision of AOC-4, you should contact the concerned ROC with an application.

What is the difference between MGT-7 and MGT 9?

The Form MGT-9 refers to an extract of the annual return (MGT-7) which was used to form a part of the Board’s report of the company. The amendment mandated every company to display a copy of the annual return on the website of the company, while the web-link of the same is to be disclosed in the Board’s report.

Who are required to file GIS?

All corporations shall file their GIS within 30 calendar days from: a. Stock Corporations – date of actual annual stockholders’ meeting b. Non-Stock Corporations – date of actual annual members meeting c.