Annual Compliance for Private Limited Company
Are you looking for Annual Compliance for your Private Limited Company? Get Annual Compliance, Audit, Income Tax Return, DIN KYC, ROC Filing, etc. services by a single Consultant. We provide a one-stop annual compliance solution for Private Limited Companies across India. All Private Limited Companies are required to undergo audit, file income tax returns, and submit Registrar of Corporate filings annually. Our dedicated ROC Compliance and Audit experts, Chartered Accountants (CAs), and Company Secretaries (CSs) will help you in keeping your company’s compliance up to date.
Are you looking for a CA who can handle the compliances of your Pvt Ltd Company?
Private Limited Company Compliance
According to the Companies Act, 2013, every registered company, whether it’s a Private Limited Company, a One Person Company (OPC), a Section 8 Company, or a Limited Company, is required to complete annual compliances regardless of whether any activities are conducted or not (meaning even inactive or zero turnover companies are obligated to fulfill their filings). Annual compliances primarily include the preparation of Books of Account (Profit and Loss Statement, Balance Sheet, and Notes), filing of Income Tax Return (ITR), statutory audit by a Chartered Accountant (CA), and ROC Filings. Failure to comply with any of these obligations results in heavy penalties.
Typically, companies are required to have their Books of Account audited by a Chartered Accountant, file ITR, complete DIN KYC, and complete ROC Filing, which includes MGT-7 Filing, AOC-4 Filing, ADT-1 Filing, DPT-3 Filing, MSME-1 Filing, etc. However, depending on sales and gross receipts, additional compliance may be applicable. Feel free to contact us if you’re confused and want to know the exact compliance list for your private limited company.
In addition to annual filing, Private Limited or other company forms must comply with the provisions of the Companies Act. Any changes in Auditor, Director, Business Place, Activity, Shareholding, Loan, and Charge creation, etc., must be reported to the ROC via filing of MCA forms. Board of Directors are the responsible for each compliance filing, thus filing of company compliance is top most responsibility of director.
Applicable Compliances for Private Limited Companies in India
Let’s check the list of compliances required to be maintained by every Pvt. Ltd. Company in India:
One-Time Compliance:
– ADT-1: Auditor Appointment – Within 30 Days of Company Incorporation
– INC-20A: Business Commencement – Within 180 Days of Incorporation
Annual ROC Compliance:
– Holding of AGM and Board Meeting (Paperwork)
– AOC-4: Financial Statement Filing (Including P&L, Balance Sheet, and Directors’ Report) – Within 30 Days of AGM
– MGT-7A: Annual Return – Within 60 Days of AGM
– DIR KYC: Director KYC – Before 30th June Every Year
– DPT-3: Deposit Return (Loan) – Before 30th June Every Year
– MGT-14: Filing of Resolutions of Board Meeting – Within 30 Days of Board Resolution
– MSME: Filing of MSME-1 if MSME Creditors
Audit and Income Tax:
– Statutory Audit – Before 30th September Every Year
– Income Tax Audit – Before 30th September (only if applicable)
– ITR Filing – Before 31st October Every Year
Event-Based Filing:
– Change in Directors
– Change in Capital
– Business Place Change (Registered Office Change)
– Auditor Resignation and Appointment
– Loan/Charge Filing
– Other MCA-ROC Filings
Expert Chartered Accountant and Company Secretary for Company Compliance
As we know, compliances are key monitoring parameters of directors’ performance, as compliance monitoring provides the perfect view of corporate governance. Nowadays, startup investors are more interested in corporate governance; they ensure that all the compliances are up to date and conduct due diligence before making any investments. Chartered Accountants and Company Secretaries are highly qualified professionals who can handle company compliance with the utmost care. We provide CAs and CSs for your private limited company compliance, who will analyze your company in detail and assist you in filing each return and form with the respective government authority.
What Are the Documents Required for Private Limited Company Compliances?
Generally, following documents are required for Annual Compliance for Private Limited Company
- Book of Account (ie. Annual Report including Profit and Loss Account, Balance Sheet, and Notes)
- Audit Report (We also provide Audit Service, if Audit is pending)
- Digital Signature Attestation by Directors
- Share Transfer Details (if Any)
- We also provide Book Keeping Service, Account Preparation Service and Statutory Audit Service
Fees for Private Limited Company Annual Compliance
We are the nearest Company Compliance Consultancy (CA) providing Private Limited Company Compliance Services across India. Our Charges for Company Compliances are as follows
- ROC Annual Filing (AOC and MGT): Rs. 5000 Professional Fees
- DIN KYC: Rs. 1000 Per Director
- ADT-1 Filing: Rs. 1000
- Statutory Audit – Rs. 10,000 (Starting, Depend on Turnover)
- ITR Filing: Rs. 2,000
- DPT-3 Filing: Rs. 2000
- Other MCA-ROC Form: Rs. 2000 Per Form
Obtain Annual Compliance Service for Company
Connect with our team for your annual filing and other compliance requirement. We will analyze your requirement and prepare the list of compliance required to complete.
We will prepare list of compliance, also we will ask for required documents and details to start the compliance work.
Upon receiving required documents and details we will start filing. We assure you that, we will complete all filing well in time.
What are the Other Important Compliances for Private Limited Company?
Mainly, After Registering Private Limited Company Some of One time compliance required to file to ROC ie. ADT-1 and INC-20A. After that, Event Based Compliance required ie. Change in particular of company. Lastly, Annual Filing required. However, Depend on activity, Change and turnover company is required to file certain specified form on regular and annual basis. Talk with our expert regarding Annual Compliance for Private Limited Company and make it comply immidiately.
FAQ's on Compliance of Private Limited Company
Company compliance refers to the adherence to all legal and regulatory requirements set forth by the government and relevant authorities to ensure that a company operates within the boundaries of the law.
The board of directors, executive management, company secretary, and other designated officers are collectively responsible for ensuring compliance within a Private Limited Company. Each individual has specific duties related to compliance oversight and implementation.
Non-compliance can result in penalties, fines, legal actions, reputational damage, loss of business opportunities, regulatory sanctions, and even the dissolution of the company in severe cases. It can also impact shareholder confidence and investor trust.
