Globex Holdings Keys to Investment: India | Page 35

4.5.3 Reporting Requirements Every Company is required to file the following documents with the ROC :

( i ) Annual Return - Companies are required to prepare and file annual return with the ROC within 60 days from the date of the holding their AGM . The annual return has details of shareholders , directors and any changes there of from the date of the previous AGM .

( ii ) Balance Sheet - Companies are required to file with the ROC copies of the audited balance sheet , profit and loss account together with the director ’ s report and the auditor ’ s report within 30 days of the AGM . Following Companies falling in Phase-1 are required to file their Balance Sheet and Profit & Loss Account in XBRL mode from the year 2010-11

• All Companies listed in India and their Indian Subsidiary .

• All Companies having paid up capital of ` 5 crore or more and turnover of ` 100 crore and more

( iii ) Compliance Certificate - Every company having paid up capital of ` 1 million ( US $ 1,836 approx ) or more but less than ` 50 million ( US $ 183,553 ) is required to file with the ROC a certificate from a Company Secretary in whole time practice within 30 days of the AGM . The certificate should state that the company has complied with all requirements under the Companies Act .

The audited financial statements are also filed with the income tax , VAT authorities . and excise department .

Indian Regulatory Environment - Key Dates

* In case where the transfer pricing report is required ** 5th – deposited manually 6th – deposited electronically

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