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Annual Compliance of Private Limited Company

Tensed about meeting compliance requirements of your Private Limited Company? Worry No More! Contact Us now to get answer to all your questions.

    private limited company

    Private Limited Company

    Although Private limited companies are the most popular form of businesses, they bring with them a lot of compliances to be fulfilled every year. Failure to comply with any of them might attract heavy interest and Penalties.

    Annual Return

    Every Private Limited company registered under The Companies Act, 2013 has to mandatorily file its annual return in Form MGT-7 within 60 days of the date of holding the Annual General meeting.

    Annual General Meeting

    Every Private limited company must hold its Annual General meeting for adopting the audited Financial Statements and taking other important decisions, as required. The First Annual General Meeting must be held within 18 months from date of incorporation or 9 months from the date of closing of financial year, whichever is earlier. Subsequent Annual General Meetings should be held within 6 months from the end of that financial year.

    Income tax Return

    Every company must file its Income Tax return irrespective of turnover. Even the dormant companies have to file their income tax returns annually. The due date for filing income tax return for a company is on or before the 30th of September. A Company has to electronically file its Income tax Return using ITR 6 at the income tax website. Such form needs to be digitally signed by the authorized director.

    Financial Statements

    Every Private Limited company registered under The Companies Act, 2013 has to mandatorily file its Financial Statements in Form AOC-4 within 30 days from the date of AGM.

    DIR-3 eKYC

    DIR-3 eKYC form must be filed for all the Directors of the company. In DIR-3 eKYC filing, the Director must provide and verify a unique personal mobile number and personal email address. Failure to file DIN eKYC attracts a penalty of Rs.5000 per DIN.