Annual compliance for a Private Limited Company

The good benefits of a private limited company such limited liability protection, raise fund from Venture capitalist, continuous existence, the confidence of the community come at the cost of increased annual compliance.

Annual General Meeting of a newly incorporated company should be held within 18 months from the date of registration or 9 months from the date of closing of the financial year, whichever is earlier.

2nd year onwards Annual General Meeting should be held within 6 months from the end of that fiscal year and from second-year Annual returns of the company must be filed latest by 30th September every year.

Annual return consists following:

Package Inclusions:

S.N Particular Frequency Deadline
1 Disclosure of directors interest in any other entities  Every year By 30-09
2 Every Director of the will file a disclosure of non-disqualification. Every year By 30-09
3 Mandatory Annual return with ROC Every year With 60 days from the Date of AGM
4 Financial Statement( PL, balance sheet, and all schedules ) Every year With 60 days from the Date of AGM
5 Directors' Report Every year Before AGM
6 Circulation of Financial Statement Every year Before AGM
7 Board Meetings Quarterly
8 Appointment of Auditor Every year On AGM

FAQ's on Annual Compliance

1. What is Annual Filing of a company?

Value Added Tax (VAT) is a tax levied on the sales of goods and services in state. Manufactures, Retails, Online sellers, whole sellers and traders should obtain VAT Registration.

2. Is there any penalty for not filing the Annual Filling?

Yes. Penalty is to be payable in case of delay in annual filling if later than 30th September of the following financial year.

3. What documents need to fill with ROC with Annual Filing?

PL, B.S, director's report, Shares details and several other documents are required to fill with ministry of corporate affairs.

4. Who should sign Annual filling E-forms?

Annual return is required to be signed digitally by a Director of the company and a CA/ CS.

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