Financial statements of a company

What are a company’s financial statements?

Section 2(40) describes the set: a balance sheet, a statement of profit and loss, a cash flow statement, a statement of changes in equity where applicable, and the explanatory notes.

Section 129 requires the statements to give a true and fair view and to comply with the accounting standards. The board approves them. The members adopt them at the annual general meeting. AOC-4 then goes to the Registrar within 30 days of that meeting.

Who signs them?

Section 134 names the signatories.

• The chairperson, if authorised by the board, or two directors, of whom one is the managing director where there is one.
• The chief executive officer, the chief financial officer and the company secretary, where they are appointed.
• A one person company: one director.

The auditor’s report is attached. The appointment of the auditor is a separate filing.

Which papers go into AOC-4?

AOC-4 carries four documents.

• The financial statements, signed as section 134 requires
• The auditor’s report
• The board’s report
• The consolidated statements, when the company must prepare them

What are the filing steps?

Company Suggestion files the statements in four steps.

1. The books are closed and the statements are drawn.
2. The auditor reports. The board approves the statements and the board’s report.
3. The members adopt them at the annual general meeting. An OPC’s member adopts them without an AGM.
4. AOC-4 is filed within 30 days of the meeting, or within 180 days of the year end for an OPC.

Related page: Annual return of a company

Frequently asked questions

4 questions cover the rules that decide this registration.