AOC- 4 financials of company

The company has to mandatorily file the financial statements to give the exact financial position of the company, to the shareholders. AOC-4 is used to file the financial statements for each financial year with the registrar of companies (ROC). If a company has its’ subsidiary company the company must file consolidated financial statements in the form AOC- 4 CFS.

• Who has to file AOC 4?
• Points to be remembered while filing AOC 4
• Certifying form AOC 4
• Fees for filing AOC 4
• Late fees on form AOC 4
• Penalty for non-filing AOC 4

Who has to file AOC 4?

The following companies are required to file AOC 4 XBRL (extensible business reporting language);

• All listed company’s
• All companies having,
• share capital of 5 cr. Or more
• turnover of 100 cr. Or more
• All companies covered under companies rule 2011

Points to be remembered while filing AOC 4

(PART-A)Information and particulars in respect of balance sheet?

• CIN of the company
• On clicking the pre-fill button details of the company will be automatically filled.
• Enter the date of the financial year.
• Date of the board meeting.
• Date of AGM.
• Extension if any.?

(PART-B)Information and particulars in respect of balance sheet?

It consists of various details about the balance sheet and financial aspects.

• Reporting of corporate social responsibility.

As per section 135 of the companies act,2013 following companies has to comply with these provisions:

• All companies having;
• Net profit 5 cr. Or more, OR
• Share capital of 500 cr. Or more, OR
• Turnover of 1000 cr. Or more

has to make the expenditure of 2% of average net profit of the company for last 3 financial year.

• Disclosure of related party transactions

Particulars of contracts that the company entered contracts on Arm’s length basis.

• Auditor’s report
• In case of govt. the company, the regulations of CAG must be complied with as per section 143 of the company’s act, 2013.
• Details of remarks made by the auditor whether its-

Clear or Unqualified opinion, or

Qualified Opinion, or

Adverse Opinion,or

Disclaimer of Opinion,or

• applicability of CARO to the company has to be stated.

Certifying form AOC 4

A declaration has to be given by the director/manager/secretary/CEO/CFO certifying that all information provided is TRUE AND CORRECT and is in compliance with the law. The form has to be digitally signed along with the DIN of the director or PAN of the manager/CEO/CFO. A full-timepracticing-chartered accountant /cost accountant/company secretary has to provide a declaration stating he/she is verified all the documents attached and he/she certifies all information to be TRUE AND CORRECT and COMPLETE. The practicing professional has to also state the membership number and the status. i.e fellow or associate.

Fees for filing AOC 4

The applicable fees based on the share capital are as follows:

For the company not having share capital 200 per document will be the fees.

Late fees on form AOC 4????????????????????????????????????????????????

In case of delay in filing the annual returns/balance sheet/financial statement the following fees are inapplicable:

In case of delay in filing the belated annual returns/balance sheet/financial statement, the following fees are applicable.

Penalty for non-filing AOC 4

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Posted by:

CS Neetu Saini

AKGVG & Associates