Producer Company Annual Compliance

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  • Producer Company Annual Compliance

Producer Company Annual Compliance Process

Step 1
Prepare documentation
Step 2
Fill the application form
Step 3
Submit the
application form
Step 4
Wait for processing
Step 5
Process complete

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For Producer Company annual compliance in India, there are several forms that may need to be filed with the Registrar of Companies (RoC) and other regulatory authorities as per the Companies Act, 2013. The specific forms required may vary based on the activities, size, and circumstances of the Producer Company.

Here are some commonly used forms for Producer Company annual compliance:

1. Form MGT-7: Annual Return

This form is used to file the annual return of the Producer Company with the RoC. It includes details of the company's registered office, directors, shareholders, changes in share capital, and other relevant information.

2. Form AOC-4: Financial Statements

This form is used to file the financial statements, including the balance sheet, profit and loss statement, and cash flow statement of the Producer Company, with the RoC. It should be filed along with the audited financial statements and related documents.

3. Form ADT-1: Appointment of Auditor

This form is used to appoint the auditor of the Producer Company. It should be filed with the RoC within 15 days of the AGM where the auditor is appointed.

4. Form DIR-12: Appointment/Resignation/Change of Directors

This form is used to notify the RoC about the appointment, resignation, or any change in the directors of the Producer Company. It should be filed within 30 days of such appointment or change.

5. Form MGT-14: Filing of Resolutions and Agreements

This form is used to file various resolutions and agreements passed by the Producer Company. It includes resolutions related to the approval of financial statements, dividend declaration, appointment/reappointment of directors, and other significant decisions.

6. Form PAS-3: Return of Allotment

This form is used to file the details of any allotment of shares made by the Producer Company during the financial year. It should be filed with the RoC within 30 days of the allotment.

7. Form CRA-4: Cost Audit Report

If applicable, this form is used to file the cost audit report of the Producer Company with the Ministry of Corporate Affairs (MCA). It should be filed within 30 days from the date of receipt of the report from the cost auditor.

8. Form IEPF-1: Statement of Unclaimed and Unpaid Amounts

If there are any unclaimed and unpaid amounts by the Producer Company, this form is used to file the details of such amounts with the Investor Education and Protection Fund (IEPF) Authority.

These are some of the common forms used for filling Annual Compliance For Producer Company. The specific forms required may vary based on the company's activities, size, and the prevailing regulatory requirements.

Here are the general deadlines for some commonly filed forms:

1. Form MGT-7: Annual Return

Deadline: Within 60 days from the date of the Annual General Meeting (AGM), typically by September 30.

2. Form AOC-4: Financial Statements

Deadline: Within 30 days from the date of the AGM.

3. Form ADT-1: Appointment of Auditor

Deadline: Within 15 days from the conclusion of the AGM where the auditor is appointed.

4. Form DIR-12: Appointment/Resignation/Change of Directors

Deadline: Within 30 days of such appointment or change.

5. Form MGT-14: Filing of Resolutions and Agreements

Deadline: Within 30 days of passing the resolution or entering into the agreement.

6. Form PAS-3: Return of Allotment

Deadline: Within 30 days of the allotment of shares.

7. Form CRA-4: Cost Audit Report

Deadline: Within 30 days from the date of receipt of the cost audit report from the cost auditor.

8. Form IEPF-1: Statement of Unclaimed and Unpaid Amounts

Deadline: Within 30 days from the end of the financial year.

Please note that these are general deadlines, and it's important to refer to the latest notifications and circulars issued by the MCA and the RoC for any changes or specific requirements regarding filing deadlines.

Here are some frequently asked questions regarding Producer Company annual compliance in India:

  • 01. When should the Annual General Meeting (AGM) be held for a Producer Company?

    The AGM should be held within six months from the end of the financial year, typically by September 30.

  • 02. What are the financial statements that need to be prepared for a Producer Company?

    The financial statements include the balance sheet, profit and loss statement, cash flow statement, and notes to the financial statements.

  • 03. Is it mandatory to appoint an auditor for a Producer Company?

    Yes, it is mandatory to appoint an auditor who is a qualified Chartered Accountant to audit the financial statements of the Producer Company.

  • 04. What is the deadline for filing the annual return of a Producer Company?

    The annual return, filed in Form MGT-7, should be filed within 60 days from the date of the AGM.

  • 05. Are there any specific compliance requirements related to the appointment of directors in a Producer Company?

    Yes, certain compliance requirements need to be met when appointing directors, such as filing Form DIR-12 with the Registrar of Companies (RoC) within 30 days of appointment or change.

  • 06. What are the consequences of non-compliance with Producer Company annual obligations?

    Non-compliance can result in penalties, fines, and other legal consequences. It is crucial to meet the annual compliance requirements to avoid such repercussions.

Please note that these answers are general in nature, and it's important to consider the specific requirements and regulations applicable to your Producer Company.