Private Limited Companies Annual Compliances

Every Private Company is required to adhere to series of annual Compliances and filings with Ministry of Corporate affairs annually.
It includes Conducting Board Meetings, Filing of Annual Returns, Appointment of Auditors, Maintaining Statutory Registers, event based filings for change in directors, issue of Share Certificates etc. Income Tax Return filing and Audit of Books of Account is also must for every Private Limited Company.
Non-compliance of mandatory ROC filings may lead to imposition of huge penalty and prosecutions.

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Annual Compliances for Private Limited Companies with India Kickstart
Our Private Company packages start at Rs. 17,299/-* onwards

Package is inclusive of

  • Annual Filing with MCA
    Filing of Annual Returns of Company and prepare Minutes of Board Meetings
  • Secretarial Service
    Maintenance of Statutory registers as per Companies Act and compliance support
  • Income Tax Filings
    Income Tax Return preparation and filings for Company
  • CA Assisted Review
    Our expert CA will assist, prepare and review LLP filings

* Taxes extra

Annual Filings applicable for Company

Private Limited Company (PLC) has increased regulatory compliances requirements to be fulfilled every year with Ministry of Corporate Affairs. Every PLC must conduct Annual General Meeting within six months from end of financial year and to file their Annual Return within 60 days from the date of Annual General Meeting with ROC.
Newly incorporate Company can conduct First Annual General Meeting within 18 Months from the date of incorporation or within 9 months from end of financial year, whichever is earlier.
Apart from above, there are requirements specified for Audits, Account maintenance, Statutory registers, conducting Board meeting, minutes etc. which may take substantial time of business if not outsourced to professionals.

Important Annual Compliance requirement of Private Company

Company must file annual return latest within 60 days from Annual General Meeting. Annual Return comprises of details of Balancesheet, Profit & Loss, Shares Capital composition and movement, Nature of activity, changes in directorship, particulars of registered office and details of management of the company etc.

Private Company are required to maintain and update Statutory registers as per Companies Act. It includes Register of Members, Minute Book for Board meetings, Register of Investments, Property, Notices and Resolutions for Board Meetings and Annual General meetings etc.

Newly incorporate Company can conduct their First Annual General Meeting within 18 Months from the date of incorporation or within 9 months from end of financial year, whichever is earlier. Thus if Company is incorporated on say 1st April 2016, can conduct their First AGM latest by 30th September 2017 (within 18 months from incorporation) or by 31st Dec 2017 (9 months from financial year end), whichever is earlier i.e. 30th September 2017.

Private Company is required to get their accounts audited by a Chartered Accountant, irrespective of amount of Turnover achieved during the financial year. Directors of the company are responsible for maintaining books of accounts and ensuring timely filing of Company’s Annual returns with Statutory Audit Reports, Annual audited Accounts and Compliance Certificates with Registrar of Companies.

It is important to note that, Annual Return filings and maintenance of Statutory registers with secretarial compliances are mandatory to be filed / adhered to, irrespective whether any business has been conducted during the year or not. Thus Company with very low volume of business also must fulfill above annual compliances.

Any changes in Directors like appointment of new director or resignation/retirement of director, Appointment of Auditor, Shifting of Registered Office of the Company needs to be filed with MCA within prescribed forms and timelines of such events.

MCA has specified stringent penalty in case of default/delay of mandatory filings and non-compliances. Thus any default in Company annual filing may cost substantial sums which may in some cases goes around 1-2 Lacs.

Apart from MCA annual filings, Company must also comply with Income tax laws and file Income Tax return on annual basis. Every Company must file their Income Tax Return with Audit Report latest by 30th September of the each financial year.

PRIVATE LIMITED COMPANY ANNUAL COMPLIANCE PACKAGE

India Kickstart team understand need of every business and has designed tailor-made annual compliance package for your Company with most preferred options.

Rs. 17,299/- Rs. 25,999/- Rs. 34,699/-*
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– ANNUAL RETURN FILINGS
– INCOME TAX RETURN FILINGS
– STATUTORY RECORDS MAINTENANCE
– SECRETARIAL SERVICES AND SUPPORT
– MINUTES OF MEETINGS
– ROC COMPLIANCE FILINGS AND MANAGEMENT
– CA/CS ASSISTED FILING

Still have doubts on right package applicable to your business or did not found what you’re looking for? Talk to us, fill up Enquiry form and get contacted by our experts to resolve queries and get started.

Why India Kickstart?

About India Kickstart

Just tell us a little bit about your business and you’ll have the incorporation certificate in 20 working days. It’s that simple. In addition to yours, we’ll be handling around 400 requests this month.

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We make your interaction with government as smooth as is possible by doing all the paperwork for you. We will also give you absolute clarity on the process to set realistic expectations.

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Our team of experienced business advisors are a phone call away, should you have any queries about the process. But we’ll try to ensure that your doubts are cleared before they even arise.