What are the penalties for missing ROC filing deadlines?

Missing ROC filing deadlines can lead to serious consequences for your company under the Ministry of Corporate Affairs (MCA) regulations. Here are the key penalties you should be aware of:

• Monetary Fines:
  The MCA imposes fines starting from a few thousand rupees for late filing of Annual Returns (Form MGT-7) and Financial Statements (Form AOC-4). These fines increase daily for each day the filing is delayed, which can add up to a significant amount.

• Additional Penalties:
  Continued non-compliance may attract additional penalties, including interest on unpaid fines and further legal action.

• Legal Actions Against Directors:
  Persistent failure to file on time can lead to prosecution of company directors, including possible disqualification from holding director positions, which harms your company’s leadership.

• Striking Off the Company:
  If filings are not made for an extended period, the company risks being struck off the ROC register, meaning it legally ceases to exist. Restoration can be complicated, costly, and time-consuming.

• Damage to Company Reputation:
  Late filings reflect poorly on your company’s credibility and can affect your ability to secure loans, attract investors, and do business with partners.

Avoiding these penalties requires timely ROC filings. Many companies seek professional help to ensure compliance and prevent costly mistakes.

At FilingPoint, we specialize in managing ROC filings on time, helping you avoid fines and legal troubles. For expert assistance, contact FilingPoint at +91-72999-72500 and stay compliant effortlessly.