Annual compliance for Private limited company

Private Limited Annual compliance

Annual compliance for Private limited includes filling of annual accounts and annual  reports to government common known as MCA/ ROC, it is mandatory for every private limited company to get there annual accounts audit of there books of accountant from a chartered accountant and filled the same to ROC there annual forms like AOC-4, MGT-7, DPT-3, ADT-1 etc

Every company should hold minimum 4 board meetings its is mandatory to hold board meeting and there is no maximum limit of board meeting, apart form there is a mandatory requirement to hold Annual general meeting once in a year.

Now question which company is required to get there accounts audit?

Every company weather its not having any turnover or having turnover 1 cr is required to get there accounts audit from a chartered accountant and filled the same to ROC.

Which form is required to filled in Private Company Annual compliance ?

Some of the common form required to filed by the company every year:

1. AOC-4: Under this company is filled the financial statement in AOC-4, attachments like balance sheet, board report, shareholder holding, director holding, audit report etc. are required to be attached.

2. MGT-7: In MGST-7 the company is required to filled its annual return its includes detail like no meeting company held, director held, related party transaction etc.

3. ADT-1: Any appointment of company auditor is required to filled in form ADT-1

4. ADT-3: If any auditor resigns from organization they require to filled ADT-3.

5. DPT-3: If a company has taken loan from its director or any other person company is required to filled DPT-3 form

Apart from this there are some other form also which is required to be filled by the company depending upon the requirement.

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Documents Required

1. BOOKS OF ACCOUNT

We required books of account in accounting software like tally, busy etc.

Books of Accounts

ANNUAL returns annual REPORTs.

We required annual reports like board report , director report, minutes books etc.


ANNUAL RETURNS ANNUAL REPORTS

3. CURRENT ACCOUNT STATEMENTS

we required current account statements of your company from 1April to 31 march.

CURRENT ACCOUNT STATEMENTS

4. GST RETURN DETAILS

If you are registered GST assesse then we required all your GST sales and purchase details.

GST RETURN DETAILS
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Reasons for ANNUAL COMPLAINCE OF PRIVATE LIMITED

1. MANDATORY Requirement

It it mandatory for every private limited company to get there account audit and filled the same to ROC.

2. Easy to Start​

For proprietorship registration we need Adhaar card of individual ( Some time Voter ID may work ) for address of individual.

3. Less documents required

Individual PAN card is required for registration. In proprietorship no separate PAN card will applied.

4. Taxation benefits

For proprietorship registration we need Adhaar card of individual (Some time Voter ID may work ) for address of individual.

5. Less Compliances

Individual PAN card is required for registration. In proprietorship no separate PAN card will applied.

6. Easy to exit​

For proprietorship registration we need Adhaar card of individual ( Some time Voter ID may work ) for address of individual.

REGISTRATION PROCESS

Step-1

Single Owner

Individual PAN card is required for registration. In proprietorship no separate PAN card will applied.

Step-2

Easy to Start

For proprietorship registration we need Adhaar card of individual ( Some time Voter ID may work ) for address of individual.

Step-3

Less documents required

Individual PAN card is required for registration. In proprietorship no separate PAN card will applied.

Step-4

Taxation benefits

For proprietorship registration we need Adhaar card of individual ( Some time Voter ID may work ) for address of individual.

How Ovakil help with company annual filing Registration?

Ovakil helps you for company annual filing

1. Shop Establishment Registration

For proprietorship registration there are many type of registrations. Shop establishment one of them, the process of this registration is different in every state of India

2. GST Registration

This registration will take 2-3 days and GST registration is sufficient to open current account for business.

3. Udhyog Adhaar Registration

Udyog Aadhaar is a registration for all micro, small and medium sized businesses. This registration along with a GST registration can be used for opening of bank account.

HOW OVAKIL HELP IN OPC REGISTRATION ?
FAQ

FAQs

Every LLP needs to file an annual return in Form 11 with ROC, 60 days before the closure of financial year. The annual return is also available for public inspection once payment of prescribed fees is made to the Registrar.

All Limited Liability Partnerships are under obligation to maintain the annual accounts which should reflect genuine and authentic information/views of its state and affairs. If even the LLP does not do any business in the market still it has to comply with the statutory requirement of Annual Return, profit, Balance Sheet and Income Tax Return every year. The fee depends on the capital of the LLP.

The Annual return can be submitted by any of its directors but it shall be duly signed by both the directors of the Company and by the Manager or Company Secretary. There are certain cases when there is no Manager/ CS in a Company in such situations signature of both the directors are compulsory.

Form 11 is required to be filed by every LLP with the Registrar within 60days from the conclusion of the financial year i.e. the Annual Return.

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  • 1 YEAR Annual filing
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  • 2 YEAR Annual filling
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