What are forms AOC-4 and MGT-7? Are these important forms for a company?
These are forms to filled and submitted to Register of companies (ROC).
- AOC-4 = it is all about balance sheet items and values
- MGT-7 = it is all about BOD Meetings & capital hold by promoters & Members.
These forms are to mandatory to be filed by all companies with ROC which should be filled within the due date.
- The due date for AOC-4 is within 30 days of AGM.
- The due date for MGT -7 is within 60 days of AGM
If it is not filed within the due date
9 months imprisonment Or 50,000 to 5,00,000 penalty Or Both
Note: The above-mentioned penalties is applicable even you not filled annual return within 270 days of due. If you filed within 270 days there may be some late fee charges that’s it.