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Annual Compliance for Private Limited Company

What is Annual Compliance for Private Limited Company?

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.

₹ 882 All Inclusive

Benefits of Annual Compliance

Enhancing Credibility of the Company

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.

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Attract Investors

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.

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Avoid Penalties and Maintain Active Status

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.

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Register for Annual Filing of Company Online

Documents Required for Annual Fling of Company

  1. PAN Card PAN Card of the company
  2. Incorporation Document MOA & AOA, Certificate of Incorporation
  3. Audited Financial Statements Financial Statements audited by an independent auditor
  4. DSC of Director A valid Digital Signature Certificate of one of the Directors must be provided

Due Dates of compliance for Private Limited Company

AOC – 4 (Financial Statement)
Within 30 days from the date of AGM

MGT – 7 (Annual Return)
Within 60 days from the date of AGM

Register Online

Book Annual Compliance Service in 3 Easy Steps

  1. Fill up the registration form

    Select any package suits your requirement
    Fill up the form which will take less than 10 minutes
    Make payment through secure payment gateway.

  2. BookMyTM is Here to Help

    Your queries will be answered quickly and effectively
    Provide details & Share documents required for Annual Compliances
    Drafting of required documents for filing

  3. Online filing of Financial Statement and other documents

    Online filing of annual return of Company
    Annual Compliance for your Company is done.
    All it takes 5 working days*
    *Subjected to Government Processing Time.

The Process of Annual Filing of Company

  1. Day 1

    Collection of Information
    Discussion and Collection of required documents

  2. Day 2 – 4

    Verification of information and documents provided
    Decide the dues dates of ROC Filing for Pvt. Ltd. Company
    Drafting of required documents for filing
    Attachment of supporting documents

  3. Day 5

    Filing of AOC – 4 (Financial Statements)
    Filing of MGT – 7 (Annual Return)
    *Subjected to Government Processing Time

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FAQ

Which form is to be file for the appointment of the statutory Auditor?

Form ADT-1 is filed for appointing or replacing the Statutory Auditor.

Which form is attached to the companies Director Report?

MGT-9 is attached to the company’s Director Report, which is an extract of MGT-7

Are audited financial statements mandatory while filing annual returns of Private Limited Company?

Audited financial statements are necessary for every company from its incorporation. The company must file audited statements only.

Does the appointment of Statutory Auditor fall under annual compliance?

A company can appoint a statutory auditor either for five consecutive years or till the conclusion of the next annual general meeting, there for the appointment of a statutory auditor cannot be considered as a part of annual compliance.