TaxTMI 
TaxTMI 
TaxTMI 
Every Private Limited Company (Pvt. Ltd.) in India ought to follow annual submitting requirements under the Companies Act, 2013. Two key filings for compliance are AOC 4 and MGT 7, which serve exclusive functions.
This article gives a broad detailing and differentiation of these two forms.
What is AOC 4?
AOC 4 is an obligatory form used to document the financial statements of a Pvt. Ltd. Business enterprise with the Registrar of Companies (ROC).
Key Details in AOC 4:
- Includes Balance Sheet, Profit & Loss Statement, and Cash Flow Statement (if relevant).
- Contains Auditor’s Report and Board’s Report.
- Requires information on subsidiaries, if any.
Due Date for AOC 4 Filing
- It should be submitted within 30 days after the Annual General Meeting (AGM).
- If no AGM is held, the cut-off date is 30 days from the due date of the AGM.
Penalty for Late Filing
- ₹100 per day of delay until the form is filed.
What is MGT-7?
MGT 7 is used to file the Annual Return of a Pvt. Ltd. Employer, detailing its shareholding shape, directorship, and typical governance.
Key Details in MGT 7:
- Includes information about the employer’s registered office and business status.
- Contains names of directors, shareholders, and debenture holders.
- Mentions changes in directorship and shareholding sample.
Due Date for MGT 7 Filing
- It must be filed within 60 days after the AGM date.
Penalty for Late Filing
- ₹100 per day of delay until the form is filed.
Key Differences Between AOC 4 and MGT 7
- Purpose: AOC 4 is for financial statement submission, as MGT 7 is for annual return submission.
- Details Required:AOC 4 includes financials, audit reviews, and board reports, whereas MGT 7 includes shareholding, governance details, and directorship modifications.
- Due Date: AOC 4 ought to be filed within 30 days of the AGM, whilst MGT 7 must be filed inside 60 days of the AGM.
- Late Fees: Both forms require a penalty of ₹100 per day if filed late.
Conclusion
Both AOC 4 and MGT 7 are essential forms for Pvt. Ltd. annual filing. While AOC 4 specializes in financial reporting, MGT 7 guarantees the right governance disclosure. Timely submission of these forms helps avoid legal penalties and consequences.