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Annual Compliances For Private Limited

Our Packages for Annual Compliances For Private Limited

Annual Compliance for Startups

Annual Compliance for Startups upto a turnover of 20 Lakhs

Rs 15000/-
Annual Compliances without Tax Audit

Annual Compliance without Tax Audit ( Turnover less Than 1 Crore for Trading and Less Than 25 Lakhs for Service)

Rs 20000/-
Annual Compliance with tax Audit

For Turnover above 1 Crore in Trading and Rs 25 Lakhs in Service

Rs 40000/-

Process involved in Annual Compliances For Private Limited

  • Company Annual Filing

    maintain annual compliance with the Ministry of Corporate Affairs.

  • Annual Return Preparation

    prepare the Annual Return for your Company based on the financials and performance during the previous financial year.

  • Annual Return Verification

    Once the Annual Return is prepared in the requisite format, the Client's Finance Team can verify the prepared annual return and affix the digital signature.

  • Project Finalization

    Once the Annual Return is prepared and verified, the Annual Return can be filed with the Minsitry of Corporate Affairs along with the necessary attachments.

Annual Compliance for Private Limited Company

  • Every Pvt Ltd shall comply with Annual Requirements of ROC and Income Tax and shall file
  • Income Tax Return every year before 30th Sep 
  • File Form MGT-7 - Statement of Disclosure of ShareHolders and Directors - within 60 days from Date of Annual General Meeting (AGM)
  • File Form AOC-4- Annual Return of Companies before 30th October every year.

Following documents are required for Audit, ITR filing and ROC filling of your Company-

1. Bank Statements of all accounts in the name of Company and Individual.

2. Sales Tax/Service/TDS Tax returns if any

3. Invoices of all purchases and sales.

4. Invoices of all types of expenses.


Procedure For Annual Compliance fulfillment Procedure

  • Maintain Proper Books of Accounts.
  • Prepare and File Balance Sheet
  • Get your accounts Audited by Chartered Accountant
  • File Form ADT-1, MGT-7 and Form AOC-4 with ROC
  • File Income Tax Returns with Income Tax Department

Need for Annual Complaince

  • Late filing or non-filing of Annual Return before the due date will attract a penalty 12 Times of Normal Fees.
  • Further, the Company cannot be wound-up or closed without filing of the return.
  • Therefore, it is best to file the Annual Return within the due dates.

Frequently Asked Questions (FAQ's)

What is the Cost of Non compliance:?

The Companies Act, 2013 provides for penalty/fine or imprisonment either of the officer in default and/or the company. The Managing Director, Executive Director are the “officer in default”. If there is no executive director, all the directors are treated as “officer in default”. For the procedural lapses such as late filing of forms, additional filing fees are required to be paid.

compliance regarding Board Meetings?

At least four board meetings need to be held in a year and at least one meeting needs to be held every quarter. Presence of the directors is needed for the meeting. Quorum is 1/3rd or 2 Directors whichever is greater. The meetings need to be logged and the signed minutes need to be maintained at the Registered Office.

What is form RD1?

Form for filing application to Regional Director

what is the compliance related to Maintenance of Statutory Register & Minutes Book?

A number of registers are required to be maintained, such as? Register of Member, Register of Directors, Register of Contracts, Register of Charges, etc. The registers are required to be kept at the registered office of the company.

what is AGM?

This is a shareholders meeting that needs to be held every year. Approval of financial statements, declaration of dividends, appointment of auditors, etc. is the primary agenda for this meeting. AGM needs to be held in the city where the registered office of the company is situated.

What is GNL.1?

it is a Form for filing an application with Registrar of Companies

Feature's of Annual Compliances For Private Limited

It reflects the capital structure of the company

Continuity of existence: business not affected by the status of the owner.

More capital can be raised as the maximum number of shareholders allowed is 50.

Our Package