Section 137 requires the filing of annual accounts.
Purpose: The purpose of Section 137 is to require companies to file their annual accounts with the Registrar of Companies.
Timeline: Companies are required to file their annual accounts within 30 days from the date of the Annual General Meeting (AGM).
Penalty: If a company fails to file its annual accounts within the specified timeline, it may be liable to pay a penalty which can range from Rs. 1,000 to Rs. 10,000 per day of default.
Form: The annual accounts are required to be filed in the prescribed form as per the Companies Act, 2013.
Reporting Authority: The annual accounts are required to be filed with the Registrar of Companies in the state where the company is registered.
