AOC 4 Form is a crucial document that every company in India has to file annually. The Ministry of Corporate Affairs (MCA) mandates it to ensure transparency and accountability in the company’s financial and administrative affairs. In this article, we will discuss everything about AOC 4 Form, including its meaning, purpose, due date, and penalties for non-compliance.
What is AOC 4 Form?
AOC 4 Form is a financial statement filed by companies under the Companies Act, 2013. It is a mandatory document that outlines a company’s financial performance during a fiscal year. It includes the balance sheet, profit and loss statement, cash flow statement, and other relevant financial statements.
Purpose of AOC 4 Form:
The primary purpose of the AOC 4 Form is to ensure that companies comply with the financial regulations laid down by the Ministry of Corporate Affairs. It helps the government monitor the financial activities of companies and identify any irregularities or fraud. Additionally, it helps stakeholders, such as investors, creditors, and employees, understand the financial health of the company.
Due Date for Filing AOC 4 Form: All companies registered in India, including private and public limited companies, must file AOC 4 Form annually. The due date for filing AOC 4 Form is 30th October of the year following the end of the financial year. For instance, if the financial year of a company ends on 31st March 2022, the due date for filing AOC 4 Form is 30th October 2022.
Penalties for Non-Compliance: Non-compliance with the AOC 4 Form filing requirements can lead to significant penalties for companies. Companies that fail to file AOC 4 Form on time can be penalized with a fine of up to Rs. 100 per day of the delay. Additionally, directors of the company may be disqualified from holding directorship in any other company for up to five years.
How to File AOC 4 Form?
AOC 4 Form can be filed online on the Ministry of Corporate Affairs website. To file the AOC 4 Form, the company must follow the steps below:
Step 1: Log in to the Ministry of Corporate Affairs website using your credentials.
Step 2: Click on the “E-forms” tab and select “Annual Filing” from the drop-down menu.
Step 3: Select the appropriate AOC 4 Form based on the type of company and the financial year for which it is being filed.
Step 4: Fill in the required details, such as the balance sheet, profit and loss statement, and cash flow statement.
Step 5: Attach any additional documents required for filing the AOC 4 Form.
Step 6: Pay the required fee and submit the form online.
Conclusion:
AOC 4 Form is a crucial financial statement that every company in India must file annually. It is a mandatory document that outlines a company’s financial performance during a fiscal year. The purpose of the AOC 4 Form is to ensure that companies comply with the financial regulations laid down by the Ministry of Corporate Affairs. Failure to comply with AOC 4 Form filing requirements can lead to significant penalties for companies, including fines and disqualification of directors. Companies can file the AOC 4 Form online on the Ministry of Corporate Affairs website.
Read more useful content:
- How to Save Tax on Salary
- Guide to Understanding Direct Taxes in India
- Filing Income Tax Returns
- GST E-invoice
Frequently Asked Questions:Â
Q: What is AOC 4 Form?
A: The AOC 4 Form is a financial statement filed by companies under the Companies Act, 2013. It is a mandatory document that outlines a company’s financial performance during a fiscal year.
Q: What is the purpose of the AOC 4 Form?
A: The primary purpose of the AOC 4 Form is to ensure that companies comply with the financial regulations laid down by the Ministry of Corporate Affairs. It helps the government monitor the financial activities of companies and identify any irregularities or fraud. Additionally, it helps stakeholders, such as investors, creditors, and employees, understand the financial health of the company.
Q: Who needs to file AOC 4 Form?
A: All companies registered in India, including private and public limited companies, must file AOC 4 Form annually.
Q: What is the due date for filing AOC 4 Form?
A: The due date for filing AOC 4 Form is 30th October of the year following the end of the financial year.
Q: What are the penalties for non-compliance with AOC 4 Form filing requirements?
A: Companies that fail to file AOC 4 Form on time can be penalized with a fine of up to Rs. 100 per day of the delay. Additionally, directors of the company may be disqualified from holding directorship in any other company for up to five years.
Q: How can companies file AOC 4 Form?
A: AOC 4 Form can be filed online on the Ministry of Corporate Affairs website. Companies need to fill in the required details, attach any additional documents required for filing the AOC 4 Form, pay the required fee and submit the form online.
