Company Annual Filing in Ajmer

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Company Annual Filing in Ajmer

Company annual filing refers to the completion of the audited annual financial statements of the Company and the report of the Directors and the company’s annual return with the Registrar of Companies. This annual supplement is mandatory for every registered Company regardless of whether the Company does business or not. This article provides an analysis of the company annual filing in Ajmer.

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Why choose to register a Company at Ajmer?

Ajmer is one of the largest and oldest cities in the Indian state of Rajasthan and is in the heart of the Ajmer District. Ajmer is located at the center of Rajasthan.

Not only this, in Ajmer we can easily find the full benefits of the area as it is located in the center of Rajasthan. Fabric, arts and crafts, festivals, dance and folk, education, and other items are found there that attract the corporate sector and therefore offer business opportunities in the city of Ajmer. As Ajmer is now trying to become the fastest-growing cities in Rajasthan we need to integrate it under Ajmer company registration services.

Benefits of registering a company in Ajmer:

  • The company has a legal entity with its actual existence
  • Limited Liability
  • Perpetual succession
  • Can be sued or sue
  • It has its borrowing capacity

Therefore to receive the benefits, it is advisable to go for the company registration process in Ajmer.

Importance of Registering a Company in Ajmer

Ajmer offers the best company coverage inclusive

So in this case we can say that Ajmer has the advantage of company registration.

Company annual filing in Ajmer

To complete the Company’s Annual Filing on time, the following documents/process must be completed:

  • Annual Financial Accounts
  • Board Meeting Records and Minutes
  • Account Analysis by accredited auditors
  • Directors’ report
  • Annual General Meeting
  • Submission Form AOC-4 and Form MGT-7 with ROC
  • Check appointment of auditors and complete Form ADT-1 for appointments

Annual Financial Accounts (Form AOC-4)

Financial Accounts refer to financial statements that include a Balance Sheet and a Profit and Loss Account which have been prepared following accounting standards and under Schedule 3 to the Companies Act. The annual financial statements should be audited by the company’s official auditor and will provide an honest and fair view of the company’s position.

The Board of Directors should also prepare the Directors’ Report in the prescribed manner and should convey the same to shareholders and audited accounts.

The aforementioned financial statements must be prepared before the Company’s Annual General Meeting (AGM) and must be approved at the meeting.

Annual Return (Form MGT-7)

Every company will prepare a return containing the following information at the end of the financial year:

  • Its registered office, key business functions, details of its holdings, subsidiaries, and affiliates
  • its shares, liabilities, and other securities and pattern of shares;
  • its members and creditors and changes since the end of the previous financial year;
  • its facilitators, directors, management executives, and reforms since the end of the last financial year;
  • meetings of its members or class, the Board and its various committees, and attendance details;
  • salaries of directors and key managers;
  • fines or penalties imposed on the company, its directors or officers, and details of mergers and appeals made against such fines or penalties;
  • matters relating to law enforcement, disclosures that may be prescribed;
  • details, as may be determined, in respect of shares held or on behalf of External Institutional Investors

Private Limited Company Registration in Ajmer

Final words

Every Company and an LLP is required to file an annual return with the Ministry of Corporate Affairs (MCA). Delays or non-compliance with return filing attract significant interest and penalties. Hope you got an insight on company annual filing in Ajmer, its requisites, importance of location, and other compliances.

CS Urvashi Jain is an associate member of the Institute of Company Secretaries of India. Her expertise, inter-alia, is in regulatory approvals, licenses, registrations for any organization set up in India. She posse’s good exposure to compliance management system, legal due diligence, drafting and vetting of various legal agreements. She has good command in drafting manuals, blogs, guides, interpretations and providing opinions on the different core areas of companies act, intellectual properties and taxation.

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