A private limited company has a separate legal existence and identity, which requires maintaining its active status through regular filings with Ministry of Corporate Affairs. It’s a must for all companies to to file an annual returns and audited financial statements with Ministry of Corporate Affairs every financial year. RoC (Registrar of Companies) filing is also mandatory irrespective of the turnover, whether it is in crores or zero. For every registered Private Limited Company, it is a must to met annual compliances whether a single transaction or none undertaken. The due dates for annual filing of a company are based on the date of Annual General Meeting. The failure for submitting returns in a continuous basis may result in removal of the company’s name from RoC’s register, including disqualification of directors. Ministry of Foreign Affairs also initiate actions against the companies which fail to file annual returns.
Compliance of law is the primary requirement for any business. The annual filing date of any company is displayed on the Master Data at Ministry of Corporate Affair’s portal. The regularity in compliances is a major criterion to measure the credibility of a company when comes to the events such as Government Tenders or Bank Loan Approval.
Any Individual or Companies invest in a business only after complete analysis of the proposed business and its financial condition. The investors may ask for all the financial records from the company or they can check it directly from the portal of Ministry of Corporate Affairs. Investors mostly tent to support the companies with regular compliance report.
Heavy penalties will be charged to the companies fails in filing the returns continuously and the status of the company turned to default. It may cause the company to be declared as defunct or removed from the RoC. The directors associated with the business will get disqualified and barred from their future appointments. The delay in filing may attract an additional penalty of Rs. 100 for each day of delay till the date of filing.
PAN Card of the company
MOA & AOA, Certificate of Incorporation
Financial Statements audited by an independent auditor
A valid Digital Signature Certificate of one of the Directors must be provided
Within 30 days from the date of AGM
Within 60 days from the date of AGM
Step 01
Step 02
Step 03
All it takes 5 working days*
*Subjected to Government Processing Time.
