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Producer Company Annual Filing

ROC Annual Filing for

For Producer Company

Every Producer Company Company must file returns on an annual basis. Make your company ROC compliant. Prices start at INR 6,999/- only.

 
 
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What is ROC Annual Filing for Producer Company Company?

All you need to know

What is a Producer Company?

A Producer Company means a company that is formed with a purpose of engaging in any activity that is connected to or relatable to any primary produce. In other words, a Producer Company is a company that is formed with a primary objective of production, harvesting, procurement, grading, pooling, handling, marketing, selling, port of primary produce of the members or import of goods or services for their benefits.

 

Here, “produce” are the products that have been grown or produced by farming. This means that, a Producer Company primarily is engaged with agriculture and post-harvest processing activities.

Annual Compliance of the Producer Company

  • Annual Compliance refers to specific forms that the Companies are required to file with the Registrar of the Companies during a year.
  • Be it any type of company, to be adhere to the Annual ROC Compliance is mandatory.
  • The Producer Company needs to file the Balance Sheet, P&L Account and other documents with MCA.
  • Hence, being a Producer Company, you need to file your Annual Compliance Forms correctly on a regular basis in order to ensure that your company gets good legal standing. The Following are the main annual compliance for a Producer Company.
  1. Hold Annual General Meeting each financial year.
  2. Audit balance-sheet and profit and loss accounts of the Producer Company.
  3. File annual Return.

Advantages of Complying with the Annual Compliance for Producer Company

  • Credibility and Transparency: Compliance is mandatory for Producer Company. When the company is regular with Annual Compliance, it raises its credibility and transparency of an organization.
  • Active Status: Non-filing or defaults in complying with the Annual Filing for Producer Company may result in striking off the name of the Company by the Registrar of Company. Hence, Annual Compliance in helps in maintaining active status.
  • Assures Investors and customers: Annual Compliance creates a competitive advantage for the Producer Company in the market. This can be useful to advertise the business and assure the investors and customers about the company’s business.
  • Avoiding Penalties: Regularity in filing the Annual Compliance helps the Producer Company to avoid the heavy penalties.

Why ThinkBiz Filings as Service Provider for Your Producer Company Annual Filing?

Entire team of ThinkBiz Filings consists of Highly qualified CA, CS, Lawyers and business administrators. ThinkBiz Filings  would be a one stop destination for Company Compliance / ROC Compliance and filing and entire gamut of Professional and advisory services in India. ThinkBiz Filings has also come up with E-Retainer Concept, which is more than just Virtual CFO Services. Our Retainership Packages will absolve you of all worries of taking care of book-keeping, returns filing, advisory, HR, Payroll, Vendor Management and many other legal compliances. You may get in touch with our compliance manager on 09704561215or email info@Thinkbizfilings.com  for for free consultation.

Filing Fees for Private Limited Company Annual Filing

Cost of Compliance in India
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Compliance Requirements for a Partnership Firm

Income Tax Return

    Partnership firms must file annual tax returns. The due date is 31st July for non-audit cases and 30th September for audited firms. Timely filing ensures compliance, avoids penalties, and maintains legal standing.

    GST Compliances

      Partnership firms must register for GST if turnover exceeds the prescribed threshold. Regular GST return filing is mandatory to ensure compliance, avoid penalties, and maintain smooth business operations under GST laws.

      TDS Compliance

        Partnership firms must deduct and deposit Tax Deducted at Source (TDS) if liable under the Income Tax Act. Timely filing of TDS returns ensures compliance, avoids penalties, and maintains smooth financial operations.

        Accounting

          firms must maintain proper books of accounts reflecting an accurate and fair view of financial affairs. Each partner’s capital, withdrawals and profit share should be recorded separately to ensure transparency

          Tax Audit (if applicable)

            Required for partnership firms if business turnover exceeds ₹1 Cr or professional receipts surpass ₹50 Lakh under Section 44AB, ensuring regulatory compliance and accurate financial reporting.

            Firm Updates

              Partnerships must file updates on any changes in firm structure, such as partner additions, removals, or modifications to the partnership deed, ensuring legal compliance and transparency.

              Documents Required for Partnership Firms

              Quick Checklist

              • PAN card of all partners of the firm.
              • Aadhaar/Passport/Voter ID/Driving License of all partners.
              • Latest utility bill, rent agreement, or ownership proof of the firm’s office.
              • Latest bank statements of partners.
              • Recent photos of all partners.

              Key Benefits of a Partnership Firm

              Points to make your decision easy

              Ease of Formation

                Partnership firms have a straightforward registration process with minimal legal formalities, making them easy and cost-effective to establish.

                Tax Benefits

                  Partnership firms avoid double taxation, as profits are taxed only at the firm’s level and not again in the hands of partners, ensuring tax efficiency.

                  Lower Compliance

                    Partnership have fewer regulatory requirements and legal formalities compared to corporations, reducing administrative burdens and operational costs.

                    Decision-Making

                      Partnership firms enable quick decisions without extensive regulatory approvals, allowing for agile business operations and faster implementation of strategies.

                      Profit Sharing

                        Partners can distribute profits as per the agreed ratio in the partnership deed, allowing flexibility and mutual benefit in financial management.

                        No Minimum Capital

                          Partnership firms have no minimum capital requirement and can be registered even with Rs. 10,000 as total capital, providing flexibility in business setup.

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                          FAQs On Producer Company Annual Filing
                          Get answers to all your queries
                          • A Producer Company is a company registered under the Companies Act, 2013, that is formed by farmers, agriculturalists, or producers to improve their income and market accessibility.
                          • The mandatory filings include: ✅ AOC-4: Filing of Financial Statements with ROC ✅ MGT-7: Filing of Annual Return with ROC ✅ Income Tax Return (ITR-6): Filing with the Income Tax Department ✅ DIR-3 KYC: KYC compliance for Directors ✅ Board Meetings & AGM Compliance
                          • The Board of Directors is responsible, with assistance from a Company Secretary (CS) or Chartered Accountant (CA).
                          • Due Dates for Producer Companies: ✅ AOC-4 (Financial Statements) – Within 30 days from AGM ✅ MGT-7 (Annual Return) – Within 60 days from AGM ✅ Income Tax Return (ITR-6) – 31st October of the assessment year
                          • 🚨 AOC-4 Late Fee – ₹100 per day 🚨 MGT-7 Late Fee – ₹100 per day 🚨 Income Tax Late Fee – ₹10,000 (if filed after due date)
                          • Yes, a statutory audit is mandatory, irrespective of turnover.
                          • The company must file: ✅ Balance Sheet ✅ Profit & Loss Statement ✅ Cash Flow Statement ✅ Auditor’s Report
                          • Yes, an AGM must be held within 6 months from the end of the financial year (by 30th September).
                          • No, the AGM must be conducted before filing AOC-4 and MGT-7.
                          • 📌 Consequences of non-compliance: ❌ Penalty of ₹100 per day for each delayed filing ❌ Company may be struck off by ROC ❌ Directors may be disqualified for 5 years
                          • Don’t worry!! Our expert will help you to choose the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@thinkbizfiling.com or call us @+91 970 456 1215

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