Companies in the corporate world must comply with various requirements laid down by the Companies Act, 2013. One of them includes annual Roc filling, which includes filling of MGT-7 & AOC-4, which must be filed annually; these are called annual filling regarding the Companies Act, which the company has to do at the end of every year.
What is MGT-7 & AOC-4?
MGT-7 is an e-form provided by the ministry of corporate affairs to fill in details relating to annual returns. MCA maintains the record of MGT-7 filed by the companies based on the statement of correctness given by the company. In contrast, AOC-4 is also an e-form that must be filed to fill the annual financial statements for each financial year with the registrar of companies (ROC).
Who is required to file MGT-7 & AOC-4?
| MGT-7 | All companies reported under the Companies Act, 2013 are required to file MGT-7 for its annual returns. |
| AOC-4 | All companies reported under the Companies Act, 2013 are required to file AOC-4 for filling financial statements. |
| AOC-4-XBRL |
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Read more: Difference between MGT-7 and AOC-4
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