An Overview of Form AOC-4
The Board of Directors of a company and its shareholders may conduct an evaluation of the firm's performance by using the company's financial statements as a reference. The financial statement of the company must be submitted to the Registrar of Companies using MCA form AOC 4 for each fiscal year. Within 30 days of its Annual General Meeting, the company must submit the form. All Indian registered companies are required to file Form AOC 4 for each fiscal year under the Company Act of 2013. Any lack or delay in completing the papers might subject the company to fines or penalties.
To account for the company's actions to its stakeholders, Financial Statements, disclosures, the Board's report, and the Auditor's report must all be used. Financial statements serve as the primary means of communication between the Board of Directors and the shareholders. During each fiscal year, the Registrar of Companies receives the financial statements on Form AOC-4. (ROC). The Company must present the AOC-4 CFS when submitting consolidated financial statements.
Form AOC-4: Eligibility for Filling the Form
Financial Statements and Form AOC-4 must be submitted by every business.
The financial statements should be submitted using Form AOC-4 Company, and any consolidated financial statements should be submitted using Form AOC-4 CFS.
Every company subject to Section 135(1) of the Companies Act 2013 is obliged to submit a report on corporate social responsibility in Form CSR-2 as an attachment to Form AOC-4 or Form XBRL (Ind AS), as appropriate. On or before March 1, 2021, 0 AOC, after Forms CSR-, XBRL, or NBFC, as applicable, Form CSR.
According to Regulations 2 and 3 of the Companies (Filing of Necessary Papers and Forms in Extensible Business Reporting Language), enterprises that are required to comply with this obligation must produce financial statements in XBRL format. The following categories of organizations must use e-Form AOC-4 XBRL to submit their financial statements and other supporting paper works.
For the purpose of filing financial statements with the ROC, the Companies Act of 2013 establishes the following standards:
Advantages of Submitting Form AOC-4
The following are the advantages of submitting Form AOC-4:
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Tips for Filling Form AOC-4
Consider the following while submitting Form AOC-4:
Balance sheet data and details (Part A)
Balance sheet data and details (Part B)
Reporting on Corporate Social Responsibility, Part C
Disclosure of Business Transactions Involving Related Parties, Part D
The auditor's report, Part E
Miscellaneous, Part F
Due Dates of Form AOC-4 Filing for FY 2022-23
The AOC-4 form must be submitted by October 29, 2023, or within 30 days of the annual general meeting for financial years 2020-21. In addition, there is a fine associated with failing to submit the AOC-4 electronic form when it was required to do so. It should be brought to everyone's attention that the AOC-4 electronic form has to be filed within 30 days after the conclusion of the Annual General Meeting (In the case of OPC within 180 days from the end of the financial year).
E-Form |
Purpose of Form |
Periodicity |
Last Date to File |
Remark |
AOC-4 |
Filing of Financial Statement of Company |
Yearly |
August 2023 |
If AGM of Company held between 1st April 2023 to 30th June 2023 |
AOC-4 |
Filing of Financial Statement of Company |
Yearly |
August 2023 |
|
Who is required to fill out Form AOC-4?
A financial statement in XBRL format may only be submitted under certain circumstances. For each fiscal year, the following companies are required to submit AOC-4 form XBRL:
The following factors are taken into consideration while determining the filing fee structure for AOC-4:
Penalties for Late Form Submission AOC-4
Regarding Validation and Accreditation:
The form's information has to be approved by the director, the manager, the chief financial officer, and the chief executive officer. If the information is correct and compliant with the law. E-form AOC-4 requires a digital signature from one of the following individuals:
Frequently Asked Questions
This form is used to file the financial statements for each financial year with the Registrar of Companies.
Every private public company can file Form AOC-4. Companies which needs to file their Financial Statements using XBRL under Section 149 of the Companies Act for Financial Year.
- Balance Sheet
- Profit and Loss Statement
- Cash Flow Statement
- Statement of Change in Equity
- Reports from the Auditors
- Reports from the Board
- Corporate Social Responsibility Report, if any
- Statement of Subsidiaries in Form AOC-1
- Any other relevant necessary papers
Rs. 10,000/- and in case of continuous failure with further penalty of Rs. 100 each day during which such failures continue, subject to a maximum of Rs 2 lakhs in case of a Company.
Yes, CA Certificate is compulsory for filing Form AOC-4 and it should be certified by a full time practicing CA/CS/Chartered Accountant.
The due date of filing AOC-4 is 30 days from the date of AGM held.
NBFCs and companies which are involved in power sector, banking, and insurance.
Both the forms are mandatory to be filed by the registered companies. However, AOC-4 Form is used to file the Financial Statements whereas MGT-7 Form is used to file Annual Return of the Company.