Rs. 5,999.00 Rs. 6,999.00

Annual Compliances for Private Limited Company

A Private Company is an entity enjoying a separate identity which requires maintaining its active status through the regular filing with MCA
Company Details
Act No specified Act
Registration Requirement No
Number of members Only 1
Separate Legal Entity No
Liability Protection Unlimited
Statutory Audit Not mandatory
Ownership Transferability No
Uninterrupted Existence No
Foreign Participation Not Allowed
Tax Rates Low
Statutory Compliances Less

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Tags: annual, compliances, for, private, limited, company, accounting

What is the Annual Compliance for Private Company?

A Private Company is an entity enjoying a separate identity which requires maintaining its active status through the regular filing with MCA. For every company, it is compulsory to file an annual return and audited financial statements with MCA for every financial year. The RoC filing is mandatory irrespective of the turnover, whether it is zero or in crore. Whether a single transaction is undertaken or none, annual compliances for private limited are mandatory for every registered company.

Both the forms are filed to report the activities and financial date for concerned Financial Year. The due dates for annual filing of a company are based on the date of the Annual General Meeting. The continuous failure may lead to the removal of the company’s name from RoC’s register, including disqualification of directors. Also, it has been observed that MCA has actively taken bold steps for dealing with any such failures.

Benefits of Annual Compliance

Raising Company’s Credibility

Compliance of law is the primary requirement for any business. The date of the company’s annual return filing displayed on the Master Data on MCA portal. Government tenders, loan approval or for similar other purposes, the regularity in compliance is a major criterion to measure the credibility of an organization.

Attract Investors

While pulling funds for a company from the investors, the investors demand all financial records and date before finalizing the proposal. The investors may either approach the company directly or can also check the financial records from the MCA portal. Investors also tend to favour the companies with regular compliance records.

Maintain Active Status and avoid penalties

In case of consecutive default in annual filing, the LLP can be declared as defunct or receive default status. Also, the partners can be declared as defaulters and may also be disqualified from their further appointment in LLP or company. Hence, LLP needs to file the return to maintain active status. Regular filing also saves the LLP from heavy additional fee and penalties.

Documents required for Annual Filing of company

Incorporation Document

PAN Card, Certificate of Incorporation and MoA – AoA of Private Company

Audited Financial Statements

Financial Statements must be audited by independent auditor

Audit Report & Board Report

Independent auditor’s report and Board report must be provided

DSC of Director

Valid and active DSC of one of the directors must be provided

Important Info

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

Process Flow

Fulfil compliance in 3 Easy Steps

1. Follow Quick Process

  • Spare less than 10 minutes to fill our online questionnaire
  • Upload required documents
  • Make quick payment through our secured gateways

2. Experts at LW are here to help

  • Assigned Relationship Manager
  • Drafting of required documents for filing
  • Preparation of Forms to be filed
  • Online Filing of Financial Statement and other documents
  • Online Filing of Annual Return of company

3. Annual Compliance is done!

  • All it takes is 5 working days*

Process of Annual filing of company

Day 1 - Collection

  • Discussion and collection of basic Information
  • Provide Required Documents
  • Decide the due dates of ROC filing for Pvt. Ltd. Company

Day 2-4 - Preparation

  • Drafting necessary documents
  • Attachment of supporting documents

Day 5 onwards - Filing

  • Filing of AOC – 4 (Financial Statements)
  • Filing of MGT – 7 (Annual Return)

Explore Annual Compliance for Private Limited Company