What is Consequences of not filing AOC-4 and MGT-7?
Nexa Consultancy | Startup & Finance Glossary
Failure to file the annual financial statements (AOC-4) and annual return (MGT-7) by the due date results in a late filing fee of ₹100 per day, per form. Prolonged non-filing can lead to the company being struck off and the directors being disqualified.
Startup Example: A startup neglects its annual filings for a year. It faces a penalty of (₹100 * 2 forms * 365 days) = ₹73,000, plus the risk of director disqualification.
Our compliance retainers cover all these critical filings.