How to get help for Annual Return Filing of a company?

According to the companies act, there is need to file certain documents annually for doing business in India. Every company shall conduct an annual general meeting at the end of financial year and file annual returns with the registrar in a period of 60 days from AGM.

Annual return includes the balance sheet, shares and debenture details, profit and loss account, registered address, compliance certificate, debt details, and register of members. The company also has to disclose its shareholding pattern, transfer of securities, and change in members. In case the company fails to complete the compliances within the set period, it has to pay a heavy penalty which would vary depending on the time taken for completion.

An independent auditor is appointed to conduct an audit and prepare a balance sheet and necessary reports needed for the compliance. The board of Directors call for an annual general meeting of all the shareholders and members. The annual report should be signed by the Director(s) and company secretary. It is necessary to note that it is an annual compliance for all companies incorporated in India and even companies running in loss need to comply with this regulatory procedure to avoid penalty and stay legal. Annual return filing is a regulatory procedure completely different from income tax returns that are also compulsory for all businesses.

Also, an accurate filing of this information and documents is needed, as any error may result in legal issues leaving an adverse impact on the operations of the company. Most entrepreneurs are unfamiliar with this process and keeping in view the regulatory importance of this process services of a consultant firm are recommended. These consultants provide the due support for completion of these compliances well before the due date, the chances of any error are nil, as these firms have a legal team controlling all the steps.

With digitization, the consultancy services are readily available by submitting an online inquiry, as most top firms maintain a web presence. These firms also provide the secretarial services required to complete the compliance, as most consultants have a team of legal experts and lawyers to help clients.

CCV Group has emerged as a brand for all types of legal and financial compliances for corporates. It also provides consultancy services for annual return filing for companies. With a team of experts from different disciplines, the company serves to different needs of clients.

Conclusion: Annual return filing is a regulatory compliance for all companies and to get the required help, the services of a consultant firm may be considered.

Corporate Capital Ventures is a leading brand company in the field of consultancy services that offers legal, financial, and secretarial services having more than 10 years of experience.