AOC-4

Simplifying AOC-4: A Step-by-Step Breakdown of Mandatory Information

Welcome to our comprehensive guide on simplifying AOC-4: A Step-by-Step Breakdown of Mandatory Information. If you're a business owner or a financial professional, you've likely come across the AOC-4 form during your annual filing obligations. The AOC-4 form is a crucial document that plays a vital role in the financial reporting process for companies. It requires the disclosure of essential information related to a company's financial statements, balance sheets, profit and loss accounts, and other key details. In this article, we will delve into the intricacies of the AOC-4 form, providing you with a step-by-step breakdown of the mandatory information you need to include. By the end of this guide, you will have a solid understanding of the AOC-4 form and be equipped with the knowledge to tackle it confidently. Let's dive in and demystify the AOC-4 form together.

The following information are to be provided in the AOC-4 form

a) General information of the company like CIN, Name of the Company, its Registered office, e-mail id: In the AOC-4 form, you need to provide general information about the company, including its Corporate Identification Number (CIN), official name, registered office address, and email ID.

(b) Financial year to which financial statements relate: Specify the financial year to which the financial statements in the AOC-4 form relate. This indicates the period for which the financial information is being reported in the AOC-4 filing.

(c) Date of Board Meeting in which financial statements & board report were approved: Mention the date of the Board Meeting where the company's financial statements and board report were approved. This signifies the official endorsement and acceptance of the financial records in the AOC-4 form.

(d) Details of AGM held and its date on which it is held: Include details of the Annual General Meeting (AGM) that took place during the reporting period, along with the date on which it was held. The AGM is an important event where shareholders gather to discuss company matters, including the financial statements covered by the AOC-4 filing.

(e) Details of subsidiary of the company: If the company has subsidiaries, provide relevant information about them in the AOC-4 form. Include the names of subsidiaries and any ownership percentages as required.

(f) Details of Auditors: Include the details of the auditors responsible for auditing the company's financial statements, as specified in the AOC-4 form. This typically involves providing the name and relevant information about the audit firm engaged by the company.

(g) Type of industry in which the company operates: Specify the type of industry in which the company operates, as required in the AOC-4 form. This helps provide context about the nature of the company's business activities.

(h) Certain specific information: In this section of the AOC-4 form, address certain specific information requirements, such as whether consolidated financial statements are required, and whether the company maintains its books of account and other relevant records in electronic form.

(i) Financial parameters related to Balance Sheet: Provide financial parameters related to the company's balance sheet in the AOC-4 form. This includes details such as net worth, loans, intercorporate borrowings, debentures and interest thereon, intercorporate deposits, and other relevant financial figures.

(j) Details of shares issued: If the company has issued any shares during the reporting period, provide the necessary details regarding the share issuance in the AOC-4 form. Include information about the number of shares issued and other relevant details.

(k) Financial parameters related to Profit and Loss Account: Include financial parameters related to the company's Profit and Loss Account in the AOC-4 form. This encompasses figures such as revenue, expenses, net profit, and other relevant financial data.

(l) Details related to principal products or services of the company: Specify the principal products or services offered by the company in the AOC-4 form. This helps identify the primary focus of the company's business operations as required in the AOC-4 filing.

(m) Details related to Corporate Social Responsibility (CSR): If applicable, provide information about the company's CSR activities in the AOC-4 form, including its applicability based on turnover and net worth, average net profit, details of CSR expenditure, projects undertaken, and related reports.

(n) Disclosure about related party transactions: Include relevant information about transactions with related parties in the AOC-4 form, as required. This ensures transparency and disclosure of potential conflicts of interest within the scope of the AOC-4 filing.

(o) Details about the auditors, their report, and CARO Applicability: Provide details about the auditors in the AOC-4 form, including their report and the applicability of the Companies (Auditor's Report) Order (CARO) to the company's financial statements, as required by the AOC-4 filing.

(p) Secretarial audit applicability: Specify in the AOC-4 form whether the company is subject to secretarial audit requirements, which involve auditing compliance with applicable laws and regulations, as per the requirements of the AOC-4 filing.

Please note that the specific requirements and details mentioned above may vary based on the jurisdiction and regulations applicable to your company's AOC-4 filing.