Are you curious to know what is AOC 4? You have come to the right place as I am going to tell you everything about AOC 4 in a very simple explanation. Without further discussion let’s begin to know what is AOC 4?
What Is AOC 4?
In India, the Ministry of Corporate Affairs (MCA) requires companies to file various documents and forms on an annual basis, as well as when certain events occur. One such document is the AOC-4 form, which is used for filing financial statements with the Registrar of Companies (ROC). In this blog post, we will discuss what the AOC-4 form is, who needs to file it, and what information it contains.
What Is The AOC-4 Form?
The AOC-4 form is a document that contains the financial statements of a company for a particular financial year. These financial statements are prepared in accordance with the Indian Accounting Standards (Ind AS) and include the Balance Sheet, Profit, and Loss Account, and Cash Flow Statement. The form is required to be filed with the ROC within 30 days from the date of the Annual General Meeting (AGM).
Who Needs To File The AOC-4 Form?
All companies registered under the Companies Act, 2013 are required to file the AOC-4 form. This includes companies that are limited by shares, guarantees, or both, as well as private and public companies. Companies that are not-for-profit or that are registered under the Companies Act, of 1956 are not required to file the AOC-4 form.
What Information Does The AOC-4 Form Contain?
The AOC-4 form contains the financial statements of a company for a particular financial year. These financial statements include the Balance Sheet, Profit and Loss Account, and Cash Flow Statement, as well as various schedules and notes to the accounts. The financial statements must be audited by a Chartered Accountant and must be prepared in accordance with the Ind AS.
In addition to the financial statements, the AOC-4 form also requires the following information:
- Details of the company, including its name, registered office address, and Corporate Identity Number (CIN).
- Details of the financial year for which the financial statements are being filed, including the start and end dates.
- Details of the auditor, including the name of the auditor, membership number, and date of appointment.
- Details of the Board of Directors, including the names of the directors and their DINs.
- Details of the Share Capital, including the authorized, issued, and subscribed share capital.
The AOC-4 form is an important document that companies in India are required to file on an annual basis. It contains the financial statements of the company for a particular financial year, including the Balance Sheet, Profit and Loss Account, and Cash Flow Statement. Companies must ensure that they file the AOC-4 form within the stipulated time frame and that the financial statements are prepared in accordance with the Ind AS and audited by a Chartered Accountant.
What Are AOC 4 And Mgt 7a?
However, e-Form AOC-4 is used to file the Financial Statements of the company along with Directors Report and other required attachments including Annual Return. e-Form MGT-7 is used to file the Annual Return of the company.
What Happens If AOC 4 Is Not Filed?
10,000/- and in case of continuing failure, with further penalty of Rs. 100 for each day during which such failure continues, subject to a maximum of Rs. 200,000/- in case of a company and Rs. 50,000/- in case of an officer who is in default.
Who Can Certify AOC 4?
AOC-4 must be certified by a practicing Chartered Accountant or Company Secretary.
What Documents Are Required For AOC 4?
Financial Statements of a company include a Balance Sheet, Profit, and Loss Account, Cash Flow statement (if applicable), statement of change in equity (if applicable), and any explanatory notes annexed to the financial statements.
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