Overview
Annual compliance for a Private Limited Company refers to mandatory yearly filings and regulatory requirements that every company registered under the Companies Act, 2013 must fulfil. These compliances ensure transparency, proper governance, and accountability of the company towards the Ministry of Corporate Affairs and other regulatory authorities. Even if a company has not conducted any business during the financial year, annual compliance is still compulsory.
Every Private Limited Company registered with the Ministry of Corporate Affairs is required to conduct at least one Board Meeting in each half of the calendar year and maintain statutory registers, books of accounts, and financial statements. The company must prepare financial statements including Balance Sheet, Profit and Loss Account, and Directors Report at the end of the financial year. These documents must be approved by the Board of Directors and placed before shareholders in the Annual General Meeting.
Annual filing mainly includes submission of financial statements in Form AOC 4 and annual return in Form MGT 7 or MGT 7A, depending on the company category. The Annual General Meeting must be held within six months from the end of the financial year. Apart from these, companies must file DIR 3 KYC for directors, DPT 3 for outstanding loans if applicable, and maintain proper compliance with income tax and GST regulations. Non compliance may lead to heavy penalties, director disqualification, and additional filing fees.
Bizglobal provides complete assistance for annual compliance of Private Limited Companies. We handle preparation of financial statements, drafting of board resolutions and directors report, conducting compliance review, filing AOC 4 and MGT 7 or MGT 7A with ROC, and ensuring timely completion of all statutory requirements. Our expert team ensures that your company remains compliant and penalty free while you focus on growing your business.
