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1. What is Form AOC 4 CFS? 

AOC 4 CFS is a form filed by a company for consolidated financial statements. Once financial statements are adopted then the company shall file the adopted consolidated financial statements via e-form AOC-4 CFS within 30 days of the AGM (actual or adjourned whichever is applicable). In case a company needs to revise the financial statement or Board’s report under provisions of section 130 or section 131 then revised consolidated financial statements shall be filed via e-Form AOC-4-CFS. 

2. Why is it important? 

Section 137 (3) of the Companies Act, 2013: If a company fails to file the copy of the financial statements under sub-section (1) or sub-section (2), as the case may be, before the expiry of the period specified in section 403, the company shall be punishable with fine of one thousand rupees for every day during which the failure continues but which shall not be more than ten lakh rupees, and the managing director and the Chief Financial Officer of the company, if any, and, in the absence of the managing director and the Chief Financial Officer, any other director who is charged by the Board with the responsibility of complying with the provisions of this section, and, in the absence of any such director, all the directors of the company, shall be punishable with imprisonment for a term which may extend to six months or with fine which shall not be less than one lakh rupees but which may extend to five lakh rupees, or with both.

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