Private Limited Company Annual Compliances

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Private Limited Company Annual Compliances
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Annual Compliances of Private Limited Company

A company registered in India as a Private Limited Company must file an annual return and income tax return each year. The annual compliances of a Private Limited Company also include holding an Annual General Meeting at the end of each financial year and filing an annual return with the Ministry of Corporate Affair to maintain compliance. A newly incorporated company can hold its Annual General Meeting within 18 months from the date of incorporation or 9 months from the date of closing of the financial year, whichever is earlier.

The annual return also includes the information pertaining to the balance sheet of the company, compliance certificate, register of members, shares and debentures, registered office address and management of the company. In India, the financial year starts on April 1 and ends on March 31, with September 30 as the due date to file the annual compliances of the company.

A company registered in India as a Private Limited Company must file an annual return and income tax return each year. The annual compliances of a Private Limited Company also include holding an Annual General Meeting at the end of each financial year and filing an annual return with the Ministry of Corporate Affair to maintain compliance. A newly incorporated company can hold its Annual General Meeting within 18 months from the date of incorporation or 9 months from the date of closing of the financial year, whichever is earlier. The annual return also includes the information pertaining to t
e balance sheet of the company, compliance certificate, register of members, shares and debentures, registered office address and management of the company. In India, the financial year starts on Apr

A company registered in India as a Private Limited Company must file an annual return and income tax return each year. The annual compliances of a Private Limited Company also include holding an Annual General Meeting at the end of each financial year and filing an annual return with the Ministry of Corporate Affair to maintain compliance. A newly incorporated company can hold its Annual General Meeting within 18 months from the date of incorporation or 9 months from the date of closing of the financial year, whichever is earlier.

The annual return also includes the information pertaining to the balance sheet of the company, compliance certificate, register of members, shares and debentures, registered office address and management of the company. In India, the financial year starts on April 1 and ends on March 31, with September 30 as the due date to file the annual compliances of the company.

Cost effective & Transparent Pricing

Basic

Rs. 16000/- inclusive of all fees

ROC Return filing, ITR filing, secretarial services, GSTIN and compliance management for a company with an annual turnover of up to Rs. 10 lakhs.

Standard

Rs. 25000/- inclusive of all fees

Annual ROC filing, ITR filing, secretarial services, GST Registration and compliance management of a company with an annual turnover of up to Rs. 50 lakhs.

Advanced

Rs. 35000/- inclusive of all fees

Annual ROC Compliances, ITR filing, secretarial services, GST registration and compliance management for a company with an annual turnover of up to Rs. 1 crore.

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Need Help With ROC Filing Of Private Company?

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Choose The Compliances For Your Business

Compare the annual compliances of different kinds of business structures!

Compliances Private Limited Company Limited Liability Partnership One Person Company Partnership Firm Sole Proprietorship
+ Board Meeting Compulsory Not Compulsory Not Compulsory Not Compulsory Not Compulsory
  It is compulsory to conduct 4 board meetings in a year and 1 meeting within 30 days of incorporation. A board meetings for designated partners is not mandatory. A board meeting is required only if there are more than 1 directors. No board meeting is required. No board meeting is required.
+ Annual General Meeting Compulsory Not Compulsory Not Compulsory Not Compulsory Not Compulsory
  It is compulsory to hold an AGM. No AGM is required. An AGM can be conducted if there are more than 1 directors. No AGM is required. No AGM is required.
+ Annual Tax Filing Compulsory Compulsory Compulsory Compulsory Not Compulsory
  It is mandatory to file ITR irrespective of income. It is compulsory to file an ITR regardless of the annual turnover. It is compulsory to file an Income Tax Return. It is compulsory to file an ITR every year. An ITR must be filed if the annual income crosses Rs. 2.5 lakhs.
+ Tax Audit Conditional Conditional Conditional Conditional Conditional
  A tax audit is required if the annual turnover crosses Rs. 1 crore. A tax audit is required if the annual turnover crosses Rs. 1 crore. A tax audit is required if the annual turnover crosses Rs. 1 crore. A tax audit is required if the annual turnover crosses Rs. 1 crore. A tax audit is required if the annual turnover crosses Rs. 1 crore.
+ Annual Compliances Many Some Many Few Few
  Annual compliances include balance sheet, profit and loss account, acocunt flow statement, statement of changes in equity and an Annual Return. Annual compliances include Annual Return and statement of accounts & solvency. Annual compliances include balance sheet, profit and loss account, acocunt flow statement, statement of changes in equity and an Annual Return. Annual compliance include ITR filing and tax audit (if applicable). Annual compliance include ITR filing and tax audit (if applicable).
+ Compliance Cost High Medium High Low Low
  As there are numerous compliances, the cost is high. Compliances are limited and it costs less than PLC/OPC. As there are numerous compliances, the cost is high. There are a few compliances and the cost is extremely low. There are a few compliances and the cost is extremely low.
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Frequently Asked Questions

What is meant by Compliances?
Compliance means adhering to all the laws, rules and regulations laid out by the government in running an organisation.
What are the compliances of a Private Limited Company?
The primary annual compliances of a PLC include annual filing, annual returns, minutes of the meeting, notices and updating the Statutory Register.
Which law governs the Annual Compliances?
The Companies Act, 2013 governs all the compliances to be done by an organisation and its promoters.
Is there any specific compliance for directors?
Yes, the directors have to inform the company about their directorship in other companies every year.
Are Annual Compliances compulsory for all companies?
All the Companies incorporated in India have to compulsorily file various forms, returns and documents with the ROC.
What is the due date for ROC filing of PLC?
Every Private Limited Company must file its annual return within 60 days from the date on which AGM is held. However, in case there is no AGM in a particular year, then the annual compliances must be filed before 30th September.
What are the penalties for non-compliance of ROC filing?
In case of any failure to file the annual compliances, the Private Limited Company and every officer who is in default will be punishable with a fine for the period for which default continues. If there is a delay in any filing, additional fees must be paid that increases with the increase in number of days of non-compliance.
Is Issue of Share Certificate mandatory?
Yes, if the share certificate is not issued, the company can be held liable for punishment.
Is Professional Tax registration mandatory?
Yes, if professional tax registration is not done, the company can be held liable for punishment.
Do I need to physically present for the process?
No, You don't need to be physically present for the process as Legistify can handle you annual compliance filing online.

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