Private Limited Company Compliance

Private Limited companies are required to comply with several legal and regulatory obligations after their incorporation, including annual compliances under the Companies Act, 2013. These compliances are mandatory and must be completed within their prescribed due dates. For detailed information on what these annual compliances for pvt ltd company and their due dates are, go through the entire blog.

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The annual compliances for Private Limited Company include filing several e-forms to the ROC, such as annual returns (MGT-7), annual financial statements (AOC-4), intimation of auditor’s appointment (ADT-1), and annual ITR. In addition to these, there are internal compliances to be completed, like organizing general meetings of shareholders, board meetings of directors, and updating statutory registers.

The due dates for each of these compliances vary depending on regulatory requirements. Non-compliance or delays may result in penalties that might hinder business operations and raise the cost of compliance. Hopefully, the information in this blog will help avoid such adverse consequences.

Annual Compliances for Private Limited Company

The Companies Act, 2013 governs all Private Limited Companies incorporated in India, prescribing a detailed list of compliances to ensure transparency and accountability in business operations. The table below describes all these compliances for Private Limited Company in detail, with comprehensive explanations about their objectives, due dates, and penalties.

Whether you’re an entrepreneur looking forward to starting a Company or an established owner already running one, this table will help you create a robust compliance calendar to keep your business standing on the right legal foot!

FAQs on Private Limited Company Compliance

What are the key compliances for Private Limited Company?

Key annual compliances for Private Limited Company includes:

Filing Annual ROC Returns
Filing Annual Financial Statements to ROC
Filing Annual ITR to Income Tax Department
Filing Intimation of Auditors Appointment to ROC
Holding Annual General Meeting

What is the due date for filing financial statements with the ROC?

Financial statements must be filed with the ROC within 30 days from the date of the Annual General Meeting (AGM), and they should be prepared within 6 months from the end of the financial year.

What is the penalty for not holding an Annual General Meeting on time?

Non-compliance with AGM due dates can result in a fine on the company of up to Rs.1,00,000. Directors may also face penalties of up to Rs.1,00,000 for every default, in addition to the penalty on the company.

What forms need to be filed annually with the ROC?

Related Business Registrations

In addition to registration or incorporation, a business may require other registrations depending on the business activity undertaken. Talk to an Advisor to find out registrations your business may require post registration.

Income Tax Return

Income Tax Advisory

Internation Taxation & NRI Return Filing

Audit & Assurance

Accounting & Virtual CFO

GST Return

GST ADVISORY

Other Compliances

Annual Compliance- Individual Business

Annual Compliance- Company

Annual Compliance- LLP

Compliance- NGO / Trust

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