Annual Compliance
Private Limited Companies
Comprehensive compliance services for Private Limited Companies. Ensure your company meets all mandatory regulatory requirements and maintains good standing with regulatory authorities.
Understanding Private Limited Company Compliance
Essential regulatory requirements for business success
Why Private Limited Company?
Private Limited Company is the most preferred structure to carry on business for an entity intending to make a profit and enjoy the benefits of an incorporated entity, particularly limited liability.
Key Benefits
- Limited liability protection
- Separate legal entity
- Perpetual succession
- Business growth opportunities
- Investor confidence
Mandatory Compliance
Besides the benefits, there are also mandatory compliances applicable to Private Limited Companies in India that must be followed to maintain good standing and avoid penalties.
Annual Compliance
Private Limited Company
Registrar Related Compliance
MCA portal filings and regulatory requirements
MCA Portal Filings
Registrar related compliances are related to filing of various eforms with Registrar of Companies (ROC) in Ministry of Corporate Affairs (MCA) portal.
Digital Signature Requirements
Every form which we need to submit online requires either Director's or a professional's Digital Signature based on the eform.
ROC Filings
All regulatory filings must be submitted to the Registrar of Companies (ROC) through the MCA portal within specified timelines.
Professional Support
Professional assistance ensures accurate filing and compliance with all regulatory requirements and deadlines.
Timely Compliance
Meeting all filing deadlines is crucial to avoid penalties and maintain good standing with regulatory authorities.
Mandatory Compliance
Essential compliance requirements for Private Limited Companies
Annual Compliance Requirements
Annual Returns
Filing of annual returns with the Registrar of Companies within the prescribed time limits.
Financial Statements
Preparation and filing of audited financial statements and annual accounts.
Board Meetings
Conducting minimum number of board meetings as per Companies Act requirements.
Annual General Meeting
Conducting Annual General Meeting (AGM) within the prescribed time limits.
Regulatory Filings
Form AOC-4
Filing of financial statements and annual accounts
Form MGT-7
Annual return filing with company details
Form MGT-14
Filing of resolutions and agreements
Form DIR-3 KYC
Director KYC compliance
Form DPT-3
Return of deposits and exempted deposits
Compliance Timeline
Annual Filing
Within 30 days of AGM or 6 months from financial year end
AGM Conduct
Within 6 months from the end of financial year
Board Meetings
Minimum 4 meetings in a year, with maximum 120 days gap
Event Based Compliances
Compliances triggered by specific events and changes
Event Triggered Compliance
Event based compliances are those which get triggered upon happening of certain events like change in directors, change of registered office, change in authorized share capital etc.
Change in Directors
Filing required within 30 days of appointment/resignation
Change of Registered Office
Filing required within 30 days of change
Change in Authorized Capital
Filing required within 30 days of alteration
Change in Company Name
Filing required within 30 days of name change
Change in Business Objects
Filing required within 30 days of alteration
Change in Shareholding
Filing required within 30 days of transfer
Important Note
It is necessary that the happening of such events get tracked and compliances met with on time in order to avoid penalties or additional fees. Some of the Event based compliances are mentioned above along with the time limit.
Non Registrar Compliance
Tax and regulatory compliance requirements
Tax Compliance
GST Compliance
- Payment of periodic dues (GST Liability, TDS & TCS payment)
- Monthly/Quarterly GST Returns
TDS Compliance
- Quarterly TDS Returns
- TDS payment and challan filing
Income Tax Compliance
- Assessment of advance tax liability and payment of advance tax periodically
- Filing of Income Tax Returns (Tax will be payable at a flat rate of 30% plus Education Cess)
- Filing of Tax Audit Report
Regulatory Assessment
Environment and Protection Act
Compliance with environmental regulations and clearances
Money Laundering Act
Anti-money laundering compliance and reporting
Competition Act
Competition law compliance and reporting
Factory Act
Factory and labor law compliance
Other Regulatory Acts
Compliance with various other applicable laws and regulations
Compliance Benefits
Legal Protection
Protection from legal penalties and regulatory actions
Business Continuity
Ensures smooth business operations without regulatory interruptions
Investor Confidence
Builds trust and confidence among investors and stakeholders
Non Compliance Consequences
Understanding the risks of non-compliance
Penalties and Consequences
Non-compliance can lead to severe penalties and legal consequences
Legal Penalties
If a Company fails to comply with the rules and regulations of the Companies Act, then the Company and every officer who is in default shall be punishable with fine for the period for which default continues.
Additional Fees
If there is delay in any filing, then additional fees is required to be paid, which keeps on increasing as the time period of non-compliance increases.
Revised Filing
It should be noted that some of the Annual Filing Forms can also be revised but the fees for subsequent revised filing shall be charged, assuming it as a new filing.
Business Impact
Non-compliance can affect business operations, investor confidence, and may lead to regulatory scrutiny and legal actions.
Why Choose Our Compliance Services?
Professional assistance for comprehensive compliance
Legal Compliance
Ensure full compliance with Companies Act and all regulatory requirements
Timely Filing
Meet all regulatory deadlines and avoid penalties
Expert Documentation
Professional preparation of all required forms and documents
Expert Support
Professional guidance throughout the compliance process
Business Growth
Focus on business growth while we handle compliance
Ongoing Support
Continuous support for all compliance requirements
Compliance Process
Simple steps to ensure complete compliance
Assessment
Evaluate current compliance status and requirements
Documentation
Prepare all required documents and forms
Filing
Submit all forms and documents to regulatory authorities
Monitoring
Monitor compliance status and upcoming requirements
Ready to Ensure Compliance?
Let us handle all your Private Limited Company compliance requirements. Ensure your business stays compliant and avoids penalties.
Need more details? Contact us
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Contact Information
Primary Email
connect@r2b.in
For quick inquiries & consultations
General Inquiries
info@vanikbusiness.com
Business & support
Office
Vanik Business Services Private Limited
India
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