AOC-4 stands for form of filing of financial statements by company With MCA within 30 days from the conclusion of AGM.
There are two types of AOC-4 FILING:
Following are the class of companies which have to file their financial statements and other documents in e-Form AOC-XBRL on or after 1st April 2014:
• All companies listed with any Stock Exchange(s) in India & their Indian subsidiaries
• All companies having paid up capital of rupees five crore or above
• All companies having turnover of rupees hundred crore or above
• All companies which were hitherto covered under the companies (Filing of Documents & Forms in Extensible Business Reporting Language) Rules, 2011
Those companies registered in India (Private limited company, one person company, Limited Company, Section8 company etc) have to file the financial statements along with board report. Filed financial statements provide a broad financial picture of the affairs of the company to the Shareholders, Government, Stakeholders and Public.
Government Fee for Filing AOC-4
Penalty for Late Filing AOC-4
Penalty will be calculated on the basis of Rs 1000 per day or Rs 10 Lakhs whichever is lower.
Further, the Managing Director, Directors and the Chief Financial Officer of the company, could be punished with imprisonment for a term which may extend to six months or with fine which will not be less than Rs.1 and upto Rs.5 lakhs. In addition to the above penalty, the Government fee for filing AOC-4 would also be increased as follows: