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What are ROC compliances?

Depending on the context, ROC (Regulatory Compliance) can mean different things. For example, it can refer to "Report on Compliance" in the context of PCI DSS (Payment Card Industry Data Security Standard), or it can have a broader meaning that encompasses regulatory compliance in a variety of sectors and regions.

Who Requires a ROC?

Merchants at Level 1: Usually, businesses handling more than 6 million Visa or Mastercard transactions annually, or any business experiencing a data breach.
Levels 2-4 Merchants: Usually completing a Self-Assessment Questionnaire (SAQ), merchants may be asked to complete a ROC if a merchant bank or card association deems it necessary.

Importance of ROC Compliance
Security: Verifies that the appropriate security procedures are in place at your company to safeguard client information.
Trust: Establishes trust by showcasing a dedication to security with stakeholders, partners, and customers.
Legal and Financial: Assists in preventing possible fines and expenses related to data breaches.
For companies accepting credit cards, ROC compliance is essential, especially when considering PCI DSS. Noncompliance may lead to significant penalties, legal ramifications, and harm to an organization's image.

ROC Compliance Calendar for year 2024-25 related to FY 2023-24

Sr. no

Form

Particulars

 

Due Date
 

1

Disclosure u/s 184 and 164

MBP-1 and DIR-8

 

01.04.2024

2

MSME-1 (1st HY)

Reporting amount outstanding to MSME for more than 45 days (HY)

30.04.2024 (Oct 23 – Mar 24)

3

PAS-6

To be filed by unlisted public co. for reconciliation of share capital audit report (HY)
 

30.05.2024 (Oct 23 – Mar 24)
 

4

DPT-3 Return of Deposit

Return of Deposit

30.06.2024
 

5

FLA
 

Annual Return to RBI (Unaudited)
 

15.07.2024

 

6

KYC

 

KYC of Directors
 

30.09.2024

 

7

FLA
 

Annual Return to RBI (Audited)
 

30.09.2024

 

8

Demat for Private Companies
 

            Applying for ISIN

        30.09.2024

9

MSME-1 (2nd HY)

 

Reporting amount outstanding to MSME for more than 45 days (HY)
 

31.10.2024 (Apr 24 – Sept 24)
 

10

PAS-6
 

To be filed by unlisted public co. for reconciliation of share capital audit report (HY)

29.11.2024 (Apr 24 – Sept 24)
 

11

MGT-14
 

For Financials & Director Report
 

within 30 days from BM
 

12

ADT-1

Auditors Appt/Re-appt

within 15 days of Appt/Re-appt

13

 

AOC-4/ AOC-4 (XBRL)

Financial Statement

within 30 days of AGM

14

MGT-7/ MGT-7A

Annual Return

within 60 days of AGM

 

ROC Due Date Compliance Calendar FY 2024-25

 

Form

Compliance 

Period

 

 

Due Date

MSME-01           

 

 

Form for furnishing half yearly return with the registrar in respect of outstanding payments to Micro or Small Enterprises.

1st October 2023 to 31st March 2024

 

 

30th April 2024

Form-11

Annual Return of Limited Liability Partnership (LLP)

FY 2023-24     

30th May 2024

PAS-06

Reconciliation of Share Capital Audit Report (Half-yearly)

1st October 2023 to 31st March 2024

30th May 2024

DPT-03

Form DPT-3 shall be used for filing return of deposit or particulars of transaction not considered as deposit or both by every company other than Government company.

FY 2023-24     

 

 

30th June 2024

DIR-03 KYC

Form No. DIR-3-KYC is used for filing application for KYC of directors.        

FY 2023-24     

 

30th September 2024

ADT-01

Form-ADT-01 is filed for informing ROC about Appointment of Auditor.

To be filed in 15 days from the conclusion of AGM.

AGM for FY 2023-24 can be done upto 30th September 2024

FY 2023-24     

 

14th October 2024

Form-08           

Statement of Account & Solvency and Charge filing       

FY 2023-24

30th October 2024

AOC-04

Form for filing financial statement and other documents with the Registrar.

To be filed in 30 days from the conclusion of AGM.

AGM for FY 2023-24 can be done upto 30th September 2024.

FY 2023-24

30th October 2024

MGT-07A

Form for Filling Abridged Annual Return for OPCs and Small Companies

To be filed in 60 days from the conclusion of AGM.

AGM for FY 2023-24 can be done upto 30th September 2024.

FY 2023-24

29th November 2024

MGT-07           

 

 

Form for Filling Annual Return for companies other than OPCs and Small Companies

To be filed in 60 days from the conclusion of AGM.

 

AGM for FY 2023-24 can be done upto 30th September 2024.

FY 2023-24     

 

29th November 2024

PAS-06

Reconciliation of Share Capital Audit Report (Half-yearly)

1st April 2024 to 30th September 2024   

29th November 2024

MGT-14           

Form for filling resolutions (Including resolutions for Adoption of Accounts) and/or agreements within 30 days after being passed at the meeting of the Board/Shareholders of the company or of the making of the agreement.

AGM for FY 2023-24 can be done upto 30th September 2024

 

FY 2023-24     

30th October 2024

MSME-01           

Form for furnishing half yearly return with the registrar in respect of outstanding payments to Micro or Small Enterprises.           

1st April 2024 to 30th September 2024   

 

31st October 2024

CONTACT US 

AIAT INSTITUTE

Address: AIAT Institute, 15 Bhande Plot Umred Road Nagpur.

Phone: 9604121000

Website: www.aiatindia.com

Question & Answer

1. What does ROC stand for in the context of compliance?

a) Report on Compliance

b) Regulatory Oversight Committee

c) Return of Capital

d) Record of Compliance

Answer: a) Report on Compliance

2. Which level of merchants typically requires a ROC (Report on Compliance) according to PCI DSS?

a) Level 1

b) Level 2

c) Level 3

d) Level 4

Answer: a) Level 1

3. What is the primary purpose of ROC compliance?

a) Ensuring efficient resource allocation

b) Enhancing customer service

c) Safeguarding client information

d) Reducing operational costs

Answer: c) Safeguarding client information

4. When is the due date for filing the MBP-1 and DIR-8 forms for disclosure under section 184 and 164?

a) 30th April 2024

b) 01st April 2024

c) 30th June 2024

d) 30th September 2024

Answer: b) 01st April 2024

5. Which form is used for reporting outstanding payments to Micro or Small Enterprises on a half-yearly basis?

a) PAS-6

b) DPT-3

c) MSME-1

d) MGT-14

Answer: c) MSME-1

6.  What is the due date for filing the FLA (Foreign Liabilities and Assets) annual return to RBI for unaudited statements?

a) 15th July 2024

b) 30th June 2024

c) 30th September 2024

d) 30th April 2024

Answer: a) 15th July 2024

7. Which form is used for the reconciliation of share capital audit report for unlisted public companies on a half-yearly basis?

a) PAS-6

b) MSME-1

c) MGT-7

d) DPT-3

Answer: a) PAS-6

8. What is the deadline for filing the KYC of Directors form?

a) 30th April 2024

b) 30th June 2024

c) 30th September 2024

d) 30th November 2024

Answer: c) 30th September 2024

9. When should the Form-11, which is the annual return of Limited Liability Partnership (LLP), be filed for FY 2023-24?

a) 30th May 2024

b) 30th June 2024

c) 30th April 2024

d) 30th October 2024

Answer: a) 30th May 2024

10.Which form is used for informing the ROC about the appointment of an auditor within 15 days of the appointment?

a) MGT-14

b) ADT-1

c) AOC-4

d) FLA

Answer: b) ADT-1

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