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Difference between Annual accounts and Annual return

jeets (CS ) (461 Points)

03 March 2011

Hello Everyone,

I'm filing annual return for the year ended 31/03/2010. The company happened to increase its share-capital in June from 1 lakh to 15 crore

My query here is-

1- While filing up Schedule V annual return and form 20B it would show authorised, issued, subscribed and paid up share capital as 15 crore, and while the annual financial statments would reflect 1 lacs, is it ok?

2-Do I need to attach forms 2 or 5, along with 20 B in order to declare the dates on which the share capital was increased.

Please guide me

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SANTOSH SHAH (Company Secretary) (754 Points)
Replied 03 March 2011

Originally posted by : jeets
	Hello Everyone, I'm filing annual return for the year ended 31/03/2010. The company happened to increase its share-capital in June from 1 lakh to 15 crore My query here is- 1- While filing up Schedule V annual return and form 20B it would show authorised, issued, subscribed and paid up share capital as 15 crore, and while the annual financial statments would reflect 1 lacs, is it ok? 2-Do I need to attach forms 2 or 5, along with 20 B in order to declare the dates on which the share capital was increased. Please guide me

Hello Jeet,

Annual Return will contain information as on date of AGM and

Annual Accounts will be for financial year ended 31st March ....respective year.

So if There is increase in ASC & PSC from 1 lac to 15 Cr, the activity is taken post 31st march but before AGM. So file the respective forms as and when required.

Your annual accounts of next year i.e 31st March 2011 will include the capital as 15cr.

Annual accounts will always be financial year ending 31st March giving financial details of ur company, B/S / P/L etc.

Annual Return would cover company highlights as on date of AGM, i.e, ASC / PSC / Directors , Share holders, their addresses, Share Transfers during the year etc.

And no need to file form 2 or form 5 with annual return. File list of shareholders as on date of agm.

Hope this clears.

regards

Santosh Shah

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Jayashree S Iyer (Company Secretary) (3224 Points)
Replied 03 March 2011

Simply put,

Annual Accounts show the profitability of the company for a particular financial year and its assets and liaibilities as at a particular date. They are filed in Form 23AC (Attachments - Balance Sheet, & its schedules, Directors Report, Auditor's Report, etc.) and Form 23ACA (Attachments - P&L and its schedules).

Annual Return on the other hand shows the details of shareholders, shareholding pattern, share transfers during the year, changes in the capital structure of the company till the date of AGM and the details of current and previous directors, etc. It is made upto the date of AGM of the Company.