Annual Compliance for Private Limited Company
A Private Limited Company in India is required to follow mandatory annual compliance under the Companies Act, 2013. These compliances ensure legal validity, financial transparency, and smooth continuation of business operations.
Every Private Limited Company must conduct board meetings at regular intervals as prescribed by law. Proper notices, agenda, and minutes must be maintained for all meetings.
Annual return contains detailed information about the company such as shareholding structure, directors, and company activities. It must be filed every year with ROC in Form MGT-7.
All Private Limited Companies must appoint a Chartered Accountant to conduct a statutory audit of financial records. The audit report ensures accuracy and compliance with accounting standards.
Every company must file Income Tax Returns annually, regardless of profit or loss. Proper computation of income, deductions, and tax liability is required as per Income Tax Act.