Annual compliance for a Private Limited Company refers to the mandatory filings and legal requirements a company must fulfill every year to stay compliant with the Ministry of Corporate Affairs (MCA) and other authorities. These obligations ensure that the company is operating legally and helps avoid penalties or fines.
Key annual compliance requirements include:
Annual General Meeting (AGM): Must be conducted within six months of the end of the financial year, where the company presents its financial statements.
Annual Return (MGT-7): Filed with the Registrar of Companies (RoC) within 60 days of the AGM, providing details about the company’s shareholders, directors, and any changes during the year.
Financial Statements (AOC-4): Filed within 30 days of the AGM, including the company's audited balance sheet, profit & loss account, and cash flow statements.
Income Tax Return (ITR): Every private limited company must file its income tax return annually, even if it has no income.
Statutory Audit: A private limited company must have its accounts audited by a statutory auditor appointed within 30 days of incorporation.
These compliance measures ensure the company maintains good standing with government regulations.
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