Annual Compliances for Private Limited Companies
Fulfill all the compliance requirements of your private limited company every year the most convenient way possible – online
Returns & minutes filing : We file your annual returns and prepare the minutes of board meetings
Issuing certificates : We issue share certificates and update the statutory registers
Drafting & filing financials : We file IT returns and directors’ disclosures to the Registrar
Private Limited Company is one of the most popular entities to start a business. Although now it is simple to have registered Private Company, one must keep a tab on the compliance related to Private Limited Company. There are certain mandatory compliances which need to be complied by the private Limited company. They are highlighted as follows;
Share Certificate and Statutory Register: Company must make sure that the share certificate has been issued within 60 days from the date of incorporation. Before issuing share certificate, stamp duty shall be paid on the value of shares. A Private Limited Company has to maintain various statutory registers and records as required by the Company law such as Register of shares, Register of Members, Register of Directors etc. Besides, Incorporation documents of the company, Resolutions of the meetings of the Board of Directors, Minutes of the Board Meetings and Annual General Meeting etc are also required to be preserved by the Company.
Board Meetings: It is mandatory to hold 4 (four) Board Meetings in a year for a Company and the gap between two Board Meeting shall note more than 120 days. There are exception to certain category of the Company, such as One Person Company (OPC) and Small Company. They can hold 2 Board Meeting in a financial year and gap between two board meetings shall not be less than 90 days.
Annual General Meeting: Every private limited company shall hold its first Annual General Meeting (AGM) within 9 months from the financial year-end. In case of Subsequent AGM it shall be held within 6 months from the end of financial year. Normally, adoption of financial statements such as Balance Sheet, Profit and Loss statements, Cash flow statement, appointment/reappointment/ratification etc will take place.
Annual RoC Filings: Private Limited Companies are required to file its Annual Accounts and Returns disclosing details of its shareholders, directors etc to the Registrar of Companies every year. As a part of Annual Filing, the following forms are to be filed with the ROC.
Form MGT-7 (Annual Return): Every Private Limited Company is required to file its Annual Return which contains the details of shareholding pattern, directors details, capital structure of the Company, number of meetings held during the year etc. within 60 days of holding of Annual General Meeting. Annual Return will be for the period 1st April to 31st March.
Form AOC-4 (Financial Statements): Every Private Limited Company is required to file its Balance Sheet along with statement of Profit and Loss statement and Director Report in this form within 30 days of holding of Annual General Meeting.
Compliance Services Include
- Dedicated Advisor
Your company will be assigned a dedicated Compliance Manager who will be a single point of contact to help you maintain the compliance for your company. You can get in touch with your Compliance Manager at anytime and get assistance on matters related to your Company’s compliance.
- MCA Annual Return Filing
Annual General Meeting should be held by a company within 6 months from the end of that financial year. And MCA annual return must be filed on or before September 30th. Our Compliance Manager will prepare all the documents and file your company’s MCA annual return.
- Secretarial Services
Companies are required to conduct a minimum of four board meetings, an annual general meeting, Directors Report and Annual Report each financial year. Our Compliance Manager will help you prepare minutes of board meetings and create all secretarial reports
- Income Tax Return Filing
Income tax return of a company must be filed irrespective of income, profit or loss. Hence, even dormant companies with no transactions are required to file income tax return each year. Our Compliance Manager will prepare all the documents and file your company’s income tax return.
All companies are required to maintain accounts and prepare financial statements at the end of each financial year. Our Compliance Manager will help your company maintain accounts and will prepare the financial statement for your business at the end of financial year.
- Annual return filing, income tax return filing, secretarial services, LEDGERS accounting software and compliance management for a company with a turnover of less than Rs.10 lakhs per annum.
- Annual return filing, income tax return filing, secretarial services, LEDGERS accounting software and compliance management for a company with a turnover of less than Rs.50 lakhs per annum.
- Annual return filing, income tax return filing, secretarial services, LEDGERS accounting software and compliance management for a company with a turnover of less than Rs.100 lakhs per annum.
For M3 Customer 10% Discount
Inclusive in Trademark Registration package
Documents Required Trademark Registration
Compliance is generally defined as a complying of laws, rules and regulation of India.
The Companies Act 2013 & Ministry of Corporate Affairs.
Adhering to the law saves company form the penal provisions & prosecution.
All the Companies incorporated in India are mandatory to file various forms, returns and documents with the ROC.
Annual Filing, Disclosure by Directors, Drafting of Annual return, Minutes, notices, various Certifications and updating the Statutory Register.