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What Does Annual Return of a Company Tell You?


Online GST Return An Annual Return is a snapshot of ownership and management of a company. Every Indian company is required to file its Annual Return to the Registrar of Companies Jerry Tillery Womens Jersey , every year after holding its Annual General Meeting on completion of the financial year. In this article, we will discuss the information that is revealed by an annual return of the company.


What is an AGM? Annual General Meeting (AGM) is an annual meeting of shareholders that is held once in year. It is mandatory by law and every company is required to hold an AGM. Therefore, all the members, directors and shareholders of the company meet at the AGM, discuss and approve the Financial Statements Mike Williams Womens Jersey , Auditors Report and other things, if any. After they approve, the Balance Sheet and Auditors Report are finalized and filed with the Ministry of Corporate Affairs.


There are several components which combine and form the annual return, they are:


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1. Basic Details


In the first part of the Annual Return, you will find the basic details of the company. This includes the registration number Derwin James Womens Jersey , state of registration of the company, the full legal name, email address and the physical address. The date on which the Annual General Meeting was held is also mentioned.


2. Capital structure


This section explains the capital structure of the company. How much Equity or preference capital has the Company raised? How many shares has the company issued? How much is the authorized and paid up capital? This section also details the broad categories of the shareholders who hold shares vizDirectors, Foreign companies, Mutual funds Joey Bosa Womens Jersey , Government, etc.


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3. Directors detail


The details of directors of the company also form part of the annual return. Their name, identification number, designation, date of appointment and equity shares held by them are stated in the annual return. It also gives details of those directors who left in the last year. Apart from the directors Melvin Gordon III Womens Jersey , the annual return may also include details of the manager and the secretary of the company.


4. Debentures


The detail about debentures of the company is also covered. How many debentures have been issued by the company? How many of them are fully convertible, partly convertible or non-convertible. What is the nominal value of each debenture? All these details are mentioned in the annual return.


Online GST Return


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5. Shares


The detail of shares includes the details of shares at the time of AGM of the company. It includes the name of the shareholders, the equity shares held by them and the percentage holding in the company. The annual return also reports the transfer of shares taken place during the reporting year.


6. Certification And Verification


The annual return is usually certified by two directors of the company, authorized by the board to sign and verify the returns of the company before filling them up to ROC. It is a clear sign that the return shave now been checked and are ready to be uploaded.


An annual return is easy to read and understand. It describes all the basic details of a company. The annual return of the company is submitted as an attachment in E FORM 20B which is specifically meant for filling of the return within 60 days of the Annual General Meeting (AGM).


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If you are looking to pay Online GST Return then I will suggest to you that Advise24 will the best option for you. Because Advise24 is providing the best GST Return services in India.


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