Fact-check notes
Last fact-checked: 2026-05-30
Compliance caution: MCA, audit, accounting and city-service details should be verified against current portal status, company master data, engagement scope and local professional rules.
Use this page as preparation guidance. A professional should verify the active law year, notification, portal utility and source records before filing or taking a tax position.
What this covers
Non-filing of company financial statements and annual returns can create company penalties, director exposure and disqualification risk.
- Company annual filings should be checked year-wise on MCA master data.
- Delay can create additional fees, penalties and prosecution exposure.
- Repeated default can affect director status and company compliance standing.
- Professional review should include financials, board approvals and ROC forms.
Who this is for
- Company missed annual filing.
- Director received MCA notice.
- Startup cleaning up old ROC defaults.
- CA/CS preparing delayed filing.
Documents and data to verify
- Financial statements and audit report.
- Board/shareholder meeting records.
- MCA master data and filing history.
- Penalty/additional fee calculations.
Common mistakes to avoid
- Filing only one form while another remains pending.
- Ignoring director KYC or disqualification angle.
- No board approval trail.
- Waiting until bank/investor due diligence discovers default.
How to proceed
- Confirm the applicable financial year, assessment year, taxpayer type, state and portal status before acting.
- Reconcile portal data with books, AIS/Form 26AS, GST returns, contracts, invoices, bank statements and source documents.
- Prepare a written computation, checklist, filing note or response with assumptions clearly stated.
- Download acknowledgements, challans, workings and evidence after filing or submission.
FAQs
Can WorkIndex help with this?
Yes. Post the facts and documents; relevant experts can quote for filing, advisory, reconciliation, registration, appeal support or ongoing compliance.
Is this page final legal advice?
No. Use it to prepare. A professional should verify the active law year, notification, portal utility and records before filing or taking a tax position.
What should I mention while posting?
Mention the year, state, form, deadline, amount involved, documents available, portal status and whether you need filing, correction, advisory or representation.