Non-Compliance Cost Analysis
Running a business isn't just about revenue; it's about responsibility. The Indian government has drastically increased the penalties for missing ROC and Income Tax filings.
1. Massive Financial Penalties
Currently, missing an AOC-4 or MGT-7 filing carries a daily penalty of ₹100 PER DAY per form. If you miss multiple forms for a year, you could be looking at ₹50,000+ in avoidable fines!
2. Director Disqualification
If a company fails to file returns for 3 consecutive years, its directors are disqualified for 5 years! This means they cannot join any other company as a director either.