Government has no info regarding incomplete, wrong non-updated financial reports by companies with ROC

Submission of Financial Reports

There is no information with the Government regarding companies registered in the offices of registrar of companies are incomplete, wrong and not updated.

However, several companies have not submitted their annual report/return, audited report, balance sheet and details of profit/loss. As per data generated from MCA 21 System, following are the details of companies who have not filed their Balance Sheets and Annual Returns:-

• Not filed only Annual Return for 2015 – 389503

• Not filed only Balance Sheet for 2015 – 386103

• Not filed Annual Return and Balance Sheet for 2015 – 374727

As per the provisions of the section 403 of the Companies Act, 2013 any document can be filed on payment of such additional fees for delay as prescribed within a period of 270 days from the date by which it should have been filed.

The Government had extended the last date upto 30.12.2015 for filing of Annual Returns. Further, for the State of Tamil Nadu and UT of Puducherry, the last date for filing Annual Returns was extended upto 30.01.2016.

This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Lok Sabha today.