File Annual Compliance Forms
For Producer Company
Each Producer Company is required to file returns annually. Comply with the Producer Company ROC
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What is annual compliance for Producer Company?
What does a producer company do?
A Producer Company is a company formed for the purpose of engaging in activities that are related to primary produce. A Produce Company, on the other hand, is a company formed for the primary purpose of producing, harvesting or procuring primary produce, or importing goods or services.
The products produced or grown by agriculture are called “produce”. A Producer Company is primarily engaged in agriculture and post-harvest activities.
Annual compliance of the Producer Company
- The term Annual Compliance is used to describe the specific forms that are required by the Registrar to be filed with the Company during the course of a calendar year.
- It is mandatory for any company to adhere to the Annual ROC Compliance.
- The Producer Company must file with MCA the balance sheet, P&L account and other documents.
- As a Producer Company you must file your Annual Compliance forms correctly and on a regular schedule to maintain a good legal standing for your company. Here are the main compliances for a Producer Company.
- Every financial year, hold an annual general meeting.
- Audit balance sheet and profit and Loss Accounts of the Producer Company
- Do not forget to file your annual return.
Benefits of complying with the annual compliance for producer companies
- Transparency and Credibility: Compliance for Producer Company is mandatory. The credibility of the organization is increased when the company maintains a regular Annual Compliance.
- Active status: Failure to comply with the Annual Filing for Producer Company or non-filing of documents may result in the name of the Company being struck off by the Registrar of Company. Annual compliance is important to maintain active status.
- Assures Customers and Investors: Get a competitive edge for the Producer Company on the market with Charted Choice Annual Filing. This can help to advertise your business and reassure investors and customers of the company’s operations.
- Avoiding penalties: The Producer Company can avoid heavy penalties by submitting the Annual Compliance on time.
What is the annual compliance for producer company?
Points that will make your decision easier
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Name
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Details
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Form MBP1
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Each director must disclose their interest in any firm, company or other AOI at the first meeting of its board by submitting Form MBP 1.
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Form 8
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Each Director of the company must file the disclosure of disqualification each financial year.
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Form 7
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The Producer Company is required to file an Annual Return on Form MGT-7 containing the most recent information regarding its directors and shareholders.
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Form AOC 4
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Financial Statements on Form AOC-4, to be filed along with the balance sheet, profit and loss account, directors' report, cash flow statement, auditor's report, and the consolidated financial statement.
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Form 1
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Within 30 days of the date of incorporation of the company, the Board of Directors shall appoint the auditor. The appointment must be made in ADT-1.
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DIR-3 KYC
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The Return of deposit should be filed with the Registrar of Companies using FORM DPT-3.
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Simple Checklist
Simple Checklist
A Compliance Manager will contact you to remind you of the various deadlines for filing Annual Compliance forms. They will also provide you with a checklist and your documents. This checklist must be completed and submitted with the documents.
Preparing forms
Our expert team will begin the return preparation process once we receive the documents required for processing Annual Compliance. Your dedicated Compliance Manager will update you on the progress of the Public Limited Company annual filing process.
Filings done
Before we file your Annual Compliance Forms with the Registrar of Companies, we will review them. We will then file the Annual Compliance forms online once you have approved it. We will send the acknowledgement receipt to your registered email address after successful submission.
How do I file annual filing forms for a producer company?
Comply with your annual compliance in just 5 easy steps
FAQs of Producer Company Annual Filing
What is the annual return for producer company?
Every year, the annual return along with other documents such as the P&L account and balance sheet is filed. The Ministry of Corporate Affairs is responsible for this department, which is separate from the Income Tax Department.
Who Signs the Annual Return?
Two Directors of producer company must sign the annual return. The director's should be authorized by board
Is a non-working Producer Company still required to comply with Annual Compliance even though the Producer Company does not work?
The Producer Company is required to submit all of the Annual Compliance Forms, regardless of whether it works or not.
Do Producer Companies have to hold board meetings? How many meetings are held in a calendar year?
A Producer Company is required to hold a minimum of 4 Board Meetings, with no more than a 3 month gap between each meeting.
What is meant by Financial Statements?
The MCA requires that all COMPANY’S registering with them submit a ‘Balance sheet and Profit & loss statement with Directors’ Report, and Auditors’ Report’. This should include a declaration of the company’s solvency. The directors are responsible for this.
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