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Annual compliances of company In India

5,000+ Annual compliances of company since 2011

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About Annual Compliance

  • Once you register a Pvt Ltd Company in India, there are some legal rules that you simply must obey annually. These rules are referred to as Annual Compliance and they need companies to submit relevant information about their finances and board meetings. As per the businesses Act, 2013, it’s compulsory for companies to appoint an auditor within 30 days of the company incorporation or within 60 days of the company incorporation date by a method of calling EGM. As per the businesses Act, 2013, if you would like to register a Pvt ltd company in India, you want to also note that you are required to regularly share information regarding accounts, conduct a minimum of 4 board meetings annually, and share the minutes of the meetings, and any transfer details regarding the accounts book.

Advantages of Annual Compliance for Company

Raising Company’s Credibility
  • Compliance With The Law Is The Primary Need For Any Business. The Date Of The Company’s Annual Return Filing Is Shown On The Master Data On The MCA Portal. For State Tenders, Authorization, Or For Similar Other Goals, Regularity In Compliance May Be A Major Measure To Measure The Credibility Of An Organization.
Attract Investors
  • While Pulling Funds For A Corporation From The Investors, The Investors Demand All Financial Records And Dates Before Finalizing The Proposal. The Investors May Either Approach The Corporate Directly Or Can Also Review The Financial Records From The MCA Portal. Investors Also Manage To Favor Companies With Regular Compliance Records.
Maintain Active Status and avoid penalties
  • Continuous Failure In Filing The Return Turns The Corporate Status To Default And Charges It With Heavy Penalties. The Corporate May Also Be Stated As Defunct Or Removed From The RoC. The Concerned Directors Also Are Disqualified And Debarred From Their Further Appointment. Since July 2018, An Additional Fee Of ₹100 For Each Day Of Delay Will Be Charged Till The Date Of Filing.

Annual Compliance of Company Process flow

    STEP 1

1-2 HOURS

Select Package
Fill Out The Appropriate Forms Or Speak To Our Experts Online For Assistance.
        STEP 2

2 WORKING DAYS

Obtain Information and Documents
We will gather the basic Information and required documents and decide the due dates of ROC filing.
       STEP 3

2 WORKING DAYS

Preparation
We Will Draft The Required Documents And Attach The Supporting Documents Needed.
     STEP 4

2-3 WORKING DAYS

Submission
We Will File The Forms AOC – 4 And MGT – 7 And Will Share Their Acknowledgment.
LAST STEP 

2-3 WORKING DAYS

Check Application Status
Throughout The Process, We Will Keep You Informed About The Status Of Your Application.

 

Documents Required For Annual Compliance Of Company

  • PAN Card
  • Certificate of Incorporation of LLP
  • MoA & AoA of Private Company
  • Bank Statements
  • Gst Details
  • Expense Sheet if any
  • DSC of Director

Comparison

Comparison BasisPrivate Limited CompanyLlpSole Proprietor
Raising Fund✓✕✕
Start-Up India Recognition✓✓✕
Complince Cost✓✓✕
Suited ForGrowing StartupService ProviderSmall Business
Taxation Benefit✓✓✕

Timeline

Free Consultation and Documentation
  • Our Expert team resolve your queries. Our consultation is completely free.
Action Required by you
  • You Need to fill up the draft, Make Payment and Submit Documents to Khata Dekho
Action By Khata Dekho
  • Once the Documents are uploaded we’ll start the step -by-step process of Incorporation

Frequently Asked Questions (FAQs)

Yes, RoC compliance for personal Limited Companies is necessary for every registered company. regardless of the total turnover or the capital amount, the corporate must comply with the annual compliance requirement. The annual compliance is due after the AGM of the corporate since its first financial year.

Since July 2018, companies failing to follow the statutory compliance for personal Limited will be charged ₹100 for each day of a delay till the exact date of filing. There’s no ceiling limit to an additional fee. For continuous failure, penalties aside from the additional Government fee can be charged to both – the company and directors, including imprisonment.

Audited financial statements are necessary for each company since its incorporation. the corporate must file the audited statements only. Also, the non-audit of monetary statements is not an excuse to delay the annual filing.

A company can opt to assign a statutory auditor either for a period of five consecutive years or till the end of the next AGM. Therefore, a meeting of the statutory auditor cannot be regarded as a part of annual compliance.

As per the Business Act, 2013 it’s required to submit the signed Director Report for every financial year with MCA by filing an annual return of the company. The Director Report is taken into account as an attachment for the form MGT-7.

Form ADT-1 is required to be filed for the appointment or replacement of the Statutory Auditor.

  • MGT-9 is an attachment to the company’s director report which is an extract of MGT-7 and addresses the subsequent:

    1. Registration and other details like CIN, date of incorporation, companies name, and address of a registered office
    2. Principle commercial activity of the company
    3. Of holding, subsidiary, and associate companies
    4. Shareholding pattern
    5. Indebtedness of the corporate
    6. Remuneration of managing directors, directors and/or managers, and key managerial personnel.
    7. Penalties/ Punishment/ Compounding of offense.

Such intimations are often made through filing MGT-7 by the company.

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