Question 1

ROC Annual Filing: AOC-4 (Financials) and MGT-7 (Annual Return)

Accepted Answer

Every private limited company must file two annual returns with the Registrar of Companies (ROC/MCA21). AOC-4: audited financial statements (balance sheet, P&L, board report). MGT-7: annual return (shareholding, directors, share capital changes). Missing these: ₹200/day penalty per form until filed. After 3 consecutive years of non-filing: directors can be disqualified. AOC-4, Financial Statements package: Must include: Balance Sheet (as of March 31). Statement of Profit and Loss. Cash Flow Statement (if not small company). Statement of Changes in Equity. Notes to Accounts. Board Report (must include: extract of annual return, composition of committees, material changes, CSR report if applicable, directors' remuneration). Auditor's Report (statutory audit). All digitally signed by director and filed on MCA21. MGT-7, Annual Return contents: Company details (registered office, type, CIN). Share capital and debentures. Shareholding pattern (each shareholder with PAN, % holding). Transfer of shares during year. Directors and Key Managerial Personnel (DIN, designation, joining/cessation). Meetings held. Related party contracts. Declaration of compliance. Signed by director and CA/CS.

Question 2

Company Housekeeping

Accepted Answer

Stage: Foundation, before any raise. Documents: Certificate of Incorporation; MOA + AOA (Memorandum and Articles); PAN + TAN of company; DPIIT Recognition Certificate; Udyam Registration (if MSME); GST registration certificate; Board resolution authorising fundraise; Register of shareholders (SH-2); Register of directors (DIR-12); All shareholder agreements (existing); All previous funding contracts.

Question 3

Employer Group Health Insurance: What's Covered and What's Not

Accepted Answer

Most salaried employees think employer group health covers everything. It doesn't. Group health has sub-limits, waiting periods waived at joining but pre-existing at GROUP level, not individual. It covers only while employed. The day you resign or are laid off: cover stops at midnight. You need an individual policy ALONGSIDE group cover. What group health typically covers: In-patient hospitalisation (24-hour admission). Pre-existing diseases (usually from Day 1, waiting period waived in group). Maternity (1-2 year waiting period typically retained even in group). Day-care procedures (100+ procedures requiring less than 24-hour admission). Ambulance charges (typically ₹1,000-2,000 sub-limit). Pre and post hospitalisation expenses (typically 30-60 days before/after). What group health typically does NOT cover: OPD (outpatient consultation, diagnostic tests, medicines, unless employer buys OPD rider). Dental and vision (separate rider). Cosmetic treatment. Fertility treatment and IVF. Organ donor expenses. Experimental treatment. Mental health (in some older policies, newer IRDAI mandates now include it). Specific sub-limits: room rent (often ₹3,000-5,000/day), ICU (₹5,000-8,000/day), cataract (₹25,000/eye).

Question 4

FFS: Fund of Funds (via AIFs)

Accepted Answer

Structure: SIDBI invests in 131+ SEBI-registered AIFs, the AIFs invest in startups; SIDBI contributes max 20% of any AIF's corpus, every ₹1 attracts ₹4+ private capital; 940+ startups funded. Blume Ventures, Chiratae, Omnivore, Fireside among empanelled AIFs; Sector and stage agnostic, seed to growth. How To Access: You do NOT apply to SIDBI directly. Pitch to empanelled AIFs who invest your sector/stage; Get DPIIT recognised first, AIFs require it for FFS-related investment; List of empanelled AIFs at sidbi.in/ffs; Process: AIF pitch → term sheet → legal → wire. 3-9 months typical. Eligibility: DPIIT recognition required; Pvt Ltd company (AIFs almost never invest in LLP or partnership); Traction, team, and market opportunity, AIF's commercial criteria apply. Government does not dictate investment decisions.; No turnover cap from SIDBI side, individual AIF mandates vary. Term Sheet: Non-binding. Covers valuation, instrument (equity/CCPS/CCD), anti-dilution, board seats, information rights, pro-rata rights. Negotiate hard here. Shareholders Agreement (SHA): Binding. Drag-along, tag-along, ROFR, vesting schedule, liquidation preference. Get a startup lawyer.

A company has ROC dates too. Never pay a late fee again.

What people like you ask us

Free samples to look at

Done for you, at a fixed price

Send any one of these to start

The jobs people like you bring us

Business owner? Books to ITR, one CA, one fee.

Credit not in GSTR-2B? Stop losing input tax credit.

GSTR-9 due? Close the GST year cleanly.

Questions, answered the CA way

A company has ROC dates too. Never pay a late fee again.