Hello everyone
Rajat, Anjali, Kajal, Kunal, Harish, Monu, Rahul
Welcome to the class
And those who are absent, we will not take their names again
Today we are going to start the topic of Registrar of
Companies, ROC
What is it? Why is it? How is it?
We will do its base building later
First, you will do some noting with me about these things
After the noting is over, we will start understanding things
Everybody start writing down with me
Come on everyone
ROC Compliances
Headings ROC Compliances
ROC stands for
What happened big brother?
Registrar of Companies
ROC stands for Registrar of Companies
Can you see? Increase the size
Increase the size a little
Is it okay now? Can you see?
Everyone, last one in the back
Monu sir
ROC stands for Registrar of Companies
Do not do the spelling wrong
Registrar of Companies ROC Department
Some of the major compliances are as follows
ADT-1 Appointment of Auditor
INC-20-A Commencement of Business Certificate
DIR-3 KYC Regular KYC of Directors of the Company
AOC-4 and MGT-7 Financial Statements Filing and Annual
Return Filing
Write it down
To be fulfilled on respective due dates
Otherwise, Heavy Panel Provisions are established
Okay Complete it quickly and then tell me
Sir, we have written it
We have done it
Rajat sir
Why are you smiling?
Tell me the reason
I also want to smile
Smile Nature Nature Oh, you remember
Nature It's okay
Smile Nice to smile
Complete it quickly everyone
Yes, sir
Can you see?
Is it clear?
Good
Yes Yes Yes Yes Yes Yes Let's understand things
Quickly Friends Let me tell you
I will ask you some questions
You will answer me
How many types of businesses are there? 11th 12th
Graduation Professional You have to answer me
Otherwise Something is wrong
I will not be able to answer
You are studying in 12th
So, respect me
It's a matter of family
Type of business
Manufacturing Manufacturing Manufacturing Very good answer
from Rajat
And Service Service, very very good
One more
Professional is in service
Take me
I am giving service
The last one being
An example of an uncle
He is neither a manufacturer nor a service provider
Who is he?
Wholesaler retailer
Trader There are three businesses
Manufacturing, trading and service
Manufacturing means
Making and selling
Like this mobile phone
Apple has made
So, who is Apple?
Manufacturing entity
And from where you bought
From which shop you bought
Who is he? Trader
Who buys from one person and sells to another
What did the trader do?
He bought from the trader and sold it to you
Then in the service sector
Take my example
I am sitting in front of you
I am selling something to you
I am making something and selling it
I am buying something and selling it
Nothing at all
I am providing service
Take another example
You come in a bus
What does the bus driver do?
He picks you up from one place and drops you at another
What is that?
He drops you at your home
And gives you the key to the bus
You take the bus and leave
Service means
Not selling anything
Just providing service
What is the network facility
What is the calling facility
Manufacturing, trading
It is a service sector business
And there is a good saving margin
In which business?
In the service sector business
Savings margin
If you look at it
Talk about me
What do you think?
This is a one time investment
Regularly in every batch
And after that you work hard
So in the service sector
A little profit margin is fine
Next question
I will ask the next question from the next color pen
Tell me which color do I take?
I take Rajat's favorite color
Forms of business
After this
Forms of business
Tell me sir What are the forms of business?
Very very good.
Soul proprietorship.
After that?
Partnership.
After that?
Good, good.
I will tell you what you are saying.
Soul proprietorship.
Absolutely right.
What is another name for soul proprietorship?
Individual business.
In which there is only one poor person.
What does only one poor person do?
He is the one who invests capital.
He is the one who works hard.
He is the one who tries to take the business forward.
If there is profit, it is his.
If there is loss, it is his.
He has to bear it.
One poor proprietor is sitting in front of you right now.
On the chair.
You can see.
Right? Yes.
This is called individual, i.e.
soul proprietorship.
What was the next one you told?
Sir, the one we studied in 12th.
The one who took a lot of our life.
Partnership firm.
Still, I am very happy with Deepak's results.
Very good, Deepak.
And almost all of your results.
It was very, very, very pleasing.
This is what happens.
Things were difficult according to which things were.
The result was very okay.
One or two children who were of a different level.
That is fine.
Now you can see.
The girl has left.
Are you understanding things?
So, it is up to you to understand.
Which is the right direction, which is not.
And there is one more.
One more organization.
Which we know by the name of the company.
Although association of person, body of individual.
There are many other things.
Trust etc.
We will not talk about them.
Mainly these three are business firms.
Sir, first of all, let me tell you a very terrible thing
today.
The 12th class you are studying.
And now you will feel a shock.
It feels like a shock three times.
One, two, three.
Three times shock.
Company word is wrong.
Its real word is corporate.
What is its real word?
Corporate.
And let me tell you something interesting.
When you will learn telly.
I will tell you this thing in telly.
Company word can be used for these three only.
Company has become heading.
Inside it comes sole proprietor, partnership firm and
corporate.
What you had studied in 12th.
Shares, debentures.
That company accounting.
The name was written on your book.
But that is wrong.
Its real name is corporate accounting.
What is the name?
Corporate accounting.
Limited companies are there.
Private limited companies are there.
Actually, they are limited corporate.
Private limited corporate.
What is the right word?
Corporate.
Company can be used for any of these three.
Company means to do something together.
Have you ever heard these dialogues in movies?
Buddy, you come with me.
I will become a little company.
Have you ever heard this?
You will go to college.
You will get to hear this.
Buddy, you come with me.
I will become a little company.
And because of that, you will become a little more company.
Company means together.
Buddy, you can see me in sole proprietorship.
And these people are with me.
The office people are sitting.
These people are together.
So we became a company together.
In the same partnership firm, partners and their employees.
They became a company together.
Became together.
In the same corporate.
So the word company can be used for anyone.
What is the right word?
Corporate.
And how is this corporate word made for those entities?
Corporate is made from the word incorporate.
With whom?
Incorporate.
Whenever.
Now I will also say company word in between.
Because you have a habit of company word.
Whenever we register a company i.e. corporate.
So it is not called registration.
It is called incorporation.
What is it called?
Incorporation.
The sole proprietor's partnership firm is registered.
And what is the corporate?
Incorporation.
Corporates are incorporated.
Individual and partnership firms are registered.
Corporates are not registered.
Instead, corporates are incorporated.
And friends.
We have taught you this in a separate clip.
How to incorporate a company.
We have taught you this in a separate clip.
You can watch that clip.
Okay.
What is being taught now?
After the incorporation of a company.
The compliances that you have to do.
They are called after incorporation compliances.
ROC compliances.
It is not that you have incorporated a company.
You have made an organization.
And after that, the problem is over.
Keep doing business.
Keep earning money.
No.
Even after incorporation.
The real work starts after incorporation.
After incorporation.
We have to file forms with the Indian government.
Why? The government knows.
What is the biggest form of business in the country?
What is the biggest form of business?
Corporates.
Companies.
There is no one above them.
Yes.
The government wants to keep an eye on them.
The government wants to keep an eye on their directors.
The government wants to keep an eye on their financials.
The government wants to keep an eye on their KYC.
The government wants to keep an eye on their profits.
Because you know.
The entire economy of the country depends on them.
All the major revenue of the tax.
All depends on them.
That is why the government is in constant touch with them.
And have put responsibilities on them.
That you continue to fill the form.
Even after incorporation.
Keep doing compliances.
That is why friends.
We need people like you and me.
CSES and CM.
These people.
Along with incorporating the company.
In its after incorporation compliance.
They also help the company owners.
They don't let the company get stuck in legal issues.
Unless.
Boss is a fraud.
Boss is saying.
My company.
If you want to sign, it's okay.
If you don't want to, it's okay.
I will do it this way.
Otherwise, I will not give money to the government.
Otherwise, I will not give compliances on time.
So it's different.
Otherwise, they don't let people get stuck.
In any legal issue.
No company can be incorporated.
Until a CA.
Any CMA.
Or any.
CSK is not signed.
Online Digital Signature Certificate is not attached.
Without the attachment of the signature of anyone.
Either CA or CS or CMA.
A company cannot be incorporated in India.
Online is the signature.
Digital signature.
Let me show you.
What is this type of digital signature?
This is my digital signature certificate.
If I want to sign any form online.
I open the form.
There is space in it to attach a digital signature.
I will put it on my laptop.
I will put my password key in it.
And it will be signed digitally.
And it will be believed that I have signed that form.
I will be fully responsible for it.
This type of digital signature is there.
That's a different thing.
It's a little lost ahead.
There is a box to close it.
To save it.
It is lost.
We will find it later.
Okay? Okay.
So this is the topic of compliances.
Now you will understand.
The biggest institution in the country.
The biggest form of business.
Even after incorporating corporates.
The government has to file continuous forms.
We are teaching you about those compliances.
What do they call them?
ROC Compliances.
ROC is the full form.
ROC stands for Registrar of Companies.
The full form of ROC is Registrar of Companies.
It is a department of the Indian government.
Registrar of Companies.
Works under the Ministry of Corporate Affairs.
Have you heard of Ministry of Corporate Affairs MCA?
Look, the central government.
It has about 50-55 departments.
Ministry of Corporate Affairs is different.
Home Ministry is different.
Foreign Ministry is different.
Defense Ministry is different.
Are you understanding things?
The same is the Ministry of Corporate Affairs.
Means the ministry that works on companies.
Ministry of Corporate Affairs.
Its department is ROC.
You have to file there.
For every incorporated entity in India.
For every incorporated entity company in India.
There are several regular compliances to be filed.
With Registrar of Companies Department.
You have to do a lot of compliances.
I will teach you the major compliances.
Which are they?
ADT-1.
You have to appoint an auditor.
I am just teaching you the names.
We will learn them one by one in detail.
Don't worry.
I am just teaching you the names.
We will learn them one by one in detail.
In complete detail.
You have to appoint an auditor.
Without the appointment of an auditor.
No company can run.
Where does CA's motor revenue come from?
From here.
When they are appointed as auditors in companies.
INC-20A.
You have to fill a form.
The business commencement certificate.
You have to take that.
Not that you did incorporation.
You got the certificate of incorporation.
And the work is over.
Even after that.
Even after incorporation.
You have started the work.
For this.
You have to take a business commencement certificate.
There are dates for this too.
I will tell you when and how.
DIR-3 KYC.
The directors of the company have a regular KYC.
Where do they stay?
Is there any change?
Last year.
The data was with the Ministry of Corporate Affairs.
Has the director's data changed this year?
Has he changed his address, mobile number, email ID?
All that information.
And then at the end.
Company's financial statement.
Trading P&L balance sheet.
All that has to be sent to the ROC.
Financial statement filing.
And annual return filing.
We do this through two forms.
AOC-4 and MGT-7.
These compliances are mandatory in nature.
to be fulfilled on respective due date.
And there is a date for all of these.
All these forms have to be filled at a certain time.
Their last date is annual.
All that will be told to you.
Otherwise, if you don't fill them on time, then...
heavy panel provisions are established.
Heavy panel provisions are established.
Do you understand what heavy panel provisions mean?
Penalty is very heavy.
There are very heavy penalties.
I mean, the owner of the business will say...
the shareholders and directors of the company will say...
this is a big problem.
That's why all the compliances of the company should be
done on time.
Otherwise, there will be no limit to the penalty.
Such are the provisions.
That's why it's a very delicate job.
It's a very responsible job.
That's why it's put on the shoulders of professionals like
you.
Okay? Okay.
Let's go.
So, in the coming clips, we will go through them one by one
in detail.
What is ADT-1?
Why? How is it filled?
What is the due date? What are the late fees?
All those things.
And the same way, IMC-20A, DR3, KYC, AOC-4 and MGT-7, one
by one.
Thank you for now.
Bye-bye and take care everyone.