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PRIVATE LIMITED COMPANY ANNUAL COMPLIANCE

STATUTORY COMPLIANCE FOR A PRIVATE LIMITED COMPANY

FOR A PRIVATE LIMITED COMPANY, THE FOLLOWING COMPLIANCES ARE REQUIRED ONCE THE COMPANY IS INCORPORATED:

  1. Registered office capable of receiving notices and communications to be set up within 15 days from the date of the incorporation of the company. Verification of the registered address is to be filed before the Registrar within 30 days of the Incorporation Date.
  2. Engraving and Affixing Company name at the Registered Office.
  3. Printing all the addresses, phone numbers, email ids, Fax, Website Address on all the Business letter heads and official publications.
  4. Appointment of Auditor within 30 days from the date of the Incorporation of the Company through a Board Meeting held by the Board of Directors of the Company.  As per the Companies Act, 2013, an Auditor has to be appointed for a term of 5 years.
  5. Board Meetings to be held within 30 days from the date of the incorporation of the Business. At least 4 board meetings in a year should be held and the time between the two board meetings shall not exceed 120 days. 7 days’ notice to be given to the directors before the Board Meetings and if the number of directors are more than two, than 1/3rd of the total directors shall attend the Board Meetings. Board Meetings are held mainly for the discussions on the Operational Growth of the Company.
  6. Annual General Meeting to be held once a year for the discussions on the Shareholders and about the Financial Growth of the Company. AGM should be held before 6 months of the closing of the Financial Year in the Registered Office of the Company and it should not be held on any Public Holidays. The discussing point of AGM mainly focuses on the Financial Statements, Salary of the Directors, Dividend Declaration etc.
  7. Annual ROC Returns to be filed within 30 days from the Annual General Meetings
  8. Filing of Income Tax Returns annually before 30th of September, 2017 for the FY 2016-2017.
  9. Filing of the financial statements of the Company within 30 days from the date of the Annual General Meetings. Financial Statements such as Profit and Loss account and Balance Sheet are the Statutory Compliances for the Private Limited Company.
  10. Maintenance of Proper Records and Registers of the Directors, members and shares of the company and the records must be kept at the registered office of the Company.
  11. Reports of the Directors to be submitted annually of the Directors are holding Directorship in any other companies.
  12. Issuance of the share certificates within 2 months from the date of the incorporation of the company to the subscribers of the memorandum.
  13.  Some circumstantial based compliances: 
  • Provide Loans to other companies
  • Provide loan to directors
  • Compliance in case there is a change in the auditor.
  • Compliance for opening or closing Bank Accounts.

Private company is the most common company setup used for incorporation by the new companies as the structure can attract funds from venture capitalists and private equity. Private Limited Company can also easily attract bank loans.  KNOW MORE ABOUT PRIVATE COMPANY INCORPORATION

18500/-

BASIC PRICING

  • For companies having annual turnover of less than 10 Lakhs

20000/-

STANDARD PRICING

  • For companies having annual turnover of less than 50 lakhs

40000/-

PREMIUM PRICING

  • For companies having annual turnover of less than 1 cr