What is the difference between MGT-7 and AOC-4?

MGT-7 is the annual return with shareholder, director, and capital information. AOC-4 contains audited financial statements. Both are mandatory annual MCA filings.

Which companies require a Secretarial Audit Report?

Companies with paid-up capital of ₹10 crore or more or turnover of ₹50 crore or more must obtain a Secretarial Audit in Form MR-3 from a practising Company Secretary.

Can a director be disqualified for non-compliance?

Yes. Under Section 164(2), a director of a company that fails to file annual returns for 3 consecutive years is disqualified from holding directorship in any company for 5 years.

Company Compliance Overview

Q: What happens if a company misses its annual filing deadline?

Late filing attracts ₹100 per day per form. Continued non-filing can lead to director disqualification under Section 164(2) and company strike-off under Section 248.

Q: Is there a grace period for holding the AGM?

AGM must be held within 6 months of the financial year end. A 3-month extension may be granted by the RoC on application before the due date.

Stay Compliant, Avoid Penalties, and Keep Your Company in Good Legal Standing

Every company registered under the Companies Act, 2013 is required to fulfil a range of statutory obligations throughout its lifecycle — from annual filings and board meetings to event-based compliances triggered by changes in the company's structure or management. Non-compliance can result in heavy penalties, disqualification of directors, and even strike-off of the company from the MCA register.

Company compliance covers both periodic obligations (such as MGT-7 annual return filing and AOC-4 financial statement filing) and event-based requirements such as name changes, registered office changes, share transfers, MOA amendments, AOA amendments, and auditor appointments. We provide end-to-end MCA compliance support to keep your company's records current and penalties at zero.

Our Company Compliance Services

Annual Filings

Timely filing of MGT-7 (annual return) and AOC-4 (financial statements) with the Registrar of Companies to avoid late fees and disqualification.

Event-Based Compliances

Filing forms for changes in directors, registered office, share capital, auditors, and other corporate events as they occur.

Board & General Meetings

Drafting board resolutions, AGM notices, minutes of meetings, and secretarial documentation as required under the Companies Act.

Share Capital Compliances

Filing for authorized capital increase, share allotment, share transfer, and dematerialisation of shares with MCA.

Structural Changes

Handling MOA/AOA amendments, name changes, registered office changes, and conversion of company type through proper MCA filings.

Compliance Calendar

Setting up a structured compliance calendar to track due dates for all periodic and event-based filings throughout the year.

Key Annual Compliance Obligations for Companies

Filing of MGT-7 / MGT-7A annual return within 60 days of AGM
Filing of AOC-4 financial statements within 30 days of AGM
Holding Annual General Meeting (AGM) within 6 months of financial year end
Minimum 4 board meetings per year with proper notice and minutes
ADT-1 filing for auditor appointment within 15 days of AGM
DIR-3 KYC for all directors annually by 30 September
MSME-1 filing (if applicable) for delayed payments to MSME vendors

Frequently Asked Questions

What happens if a company misses its annual filing deadline?

Late filing of MGT-7 or AOC-4 attracts additional fees of ₹100 per day per form. Continued non-filing can result in the company being marked as "defaulting company," directors being disqualified under Section 164(2), and ultimately the company being struck off from the MCA register under Section 248.

What is the difference between annual return (MGT-7) and financial statements (AOC-4)?

MGT-7 is the annual return filed with MCA that contains information about the company's shareholders, directors, registered office, share capital, and indebtedness as at the financial year end. AOC-4 contains the audited financial statements — balance sheet, profit & loss account, and notes to accounts — for the financial year. Both are mandatory annual filings.

Which companies are required to maintain a Compliance Certificate?

Companies with paid-up share capital of ₹10 crore or more, or turnover of ₹50 crore or more, are required to obtain a Secretarial Audit Report in Form MR-3 from a practising Company Secretary. Listed companies have additional secretarial compliance reporting requirements under SEBI regulations.

Is there a grace period for holding the AGM?

The AGM must be held within 6 months from the end of the financial year (i.e., by 30 September for companies with a 31 March year end). For the first AGM, it must be held within 9 months of the end of the first financial year. An extension of up to 3 months may be granted by the Registrar of Companies on application before the due date.

Can a company director be disqualified for non-compliance?

Yes. Under Section 164(2) of the Companies Act, a director of a company that has not filed annual returns or financial statements for three consecutive financial years becomes disqualified. A disqualified director cannot be appointed as director in any company for five years and may be removed from the board of all companies where they hold directorship.