Annual Compliances for
Private Limited Company
@ Rs. 4999 *
- No longer worry about annual compliances
- Avail accounting and bookkeeping services at discounted prices
- Experts handling documenting and filing requirements
- Get your balance sheet, audit and director's report prepared
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Your Trusted Partner for Annual Compliance
At Finocircle, we have been handling the needs of annual compliance for private limited companies for over a decade. Our team of experienced compliance professionals currently handle compliances for over 3000 companies across 20+ industries. With our expertise and personalized support, you can ensure that your company remains compliant and avoids legal issues.
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Introduction
What is the Annual Compliance for Private Company?
Annual compliance is crucial to running a private limited company in Delhi NCR. Every private limited company has various statutory obligations and must file necessary documents with the relevant authorities within prescribed deadlines. Failure to comply with these requirements can lead to penalties, legal complications, and damage to your company’s reputation. This is known as compliance of private limited companies.
MANDATORY COMPLIANCES
Annual compliances for a Private Limited Company in India
Annual General Meeting (AGM)
All private limited companies are required to conduct the AGM once in a calendar year, within 9 months from the end of the financial year. Additionally, the gap between two consecutive AGMs should not exceed 15 months.
Director's Report
The director's Report is crucial in ensuring the validity of operations and activities within a private limited company. Therefore, it is mandatory to prepare the Director's Report, which includes details of the company's performance, state of affairs, and other relevant information. Next step is to attach the Director's Report to the financial statements and filing it with the RoC.
TDS Returns
If the company is required to deduct tax at source (TDS) on payments made to vendors or employees, filing TDS returns quarterly is essential. Issuing TDS certificates to the payees and filing Form 26AS annually is also necessary for compliance.
Annual Return Filing (Form MGT-7)
Following the AGM, PVT LTD companies must file the Annual Return with the Registrar of Companies (RoC) within 60 days from the date of the AGM. The Annual Return contains details of the company's registered office, directors, shareholders, and other relevant information.
Income Tax Return Filing
Filing the company's Income Tax Return (ITR) annually, reporting its income, expenses, and tax liability. The due date for filing the ITR is usually September 30 of the assessment year unless extended by the government.
Director KYC
Complying with the Know Your Customer (KYC) norms for directors by submitting their personal details and identification documents to the MCA annually.
Financial Statements (Form AOC-4)
Another statutory annual compliance requirement is preparing and filing the financial statements, including the Balance Sheet, Profit and Loss Account, and Cash Flow Statement, with the RoC within 30 days from the date of the AGM.
GST Returns
Filing GST returns as per the prescribed deadlines if the company is registered under the Goods and Services Tax (GST). The frequency and type of GST returns depend on the company's turnover and GST registration type.
Statutory Registers and Records
Maintaining and updating various statutory registers and records, such as the Register of Members, Register of Directors, Minutes Book, and Share Transfer Register.
Secretarial Audit (if applicable)
Conducting a Secretarial Audit is based on the company's paid-up capital and turnover. Companies need to attach the Secretarial Audit Report to the Board's Report and file it with the RoC if required.
Why Choose Finocircle for Annual Compliance?
Finocircle is a full-fledged annual compliance service provider for private limited companies. With us, you have a reliable partner with years of experience handling PVT LTD annual compliance.
Experienced Compliance Professionals
Finocircle is a group of highly skilled and knowledgeable compliance experts who stay up-to-date with the latest regulations and industry best practices. Our extensive experience handling annual compliance for private limited companies across various sectors puts us ahead of other service providers in Delhi NCR.
Personalized Support Tailored to Your Business Needs
Pvt Ltd company compliance is as diverse as your business. We tailor our annual compliance services to meet your specific requirements, working closely with you to understand your company's structure, operations, and compliance needs and providing personalized support and guidance throughout the process.
Assurance of Avoiding Penalties and Legal Issues
By entrusting your private company compliances to Finocircle, you can have peace of mind knowing that your company complies with all statutory requirements. We help you avoid costly penalties and legal complications, protecting your business from any potential risks.
Comprehensive and Timely Compliance Solutions
We provide end-to-end solutions for annual compliance for private limited companies, covering all aspects, from filing annual returns and financial statements to conducting AGMs and ensuring director KYC compliance. We handle all necessary filings and procedures and complete them within the stipulated deadlines.
COMPLIANCE SERVICE CHECKLIST
Our Annual Compliance for Private Limited Company Services
Finocircle is a complete compliance service provider for private limited companies in Delhi NCR. Our services offer a comprehensive range of annual compliance services for private limited companies, including:
Annual Return Filing (Form MGT-7)
– Preparation and filing of the annual return for PVT LTD companies with the Registrar of Companies (RoC)
– Ensuring accuracy and completeness of the information provided
– Timely submission of annual returns within the prescribed deadline
Financial Statements (Form AOC-4)
– Preparation and filing of financial statements, including the Balance Sheet, Profit and Loss Account, and Director’s Report
– Ensuring compliance with accounting standards and regulatory requirements
– Timely submission to the RoC
Annual General Meeting (AGM)
– Assistance in conducting the AGM and recording minutes
– Preparation of AGM notices and resolutions
– Ensuring compliance with statutory provisions relating to AGMs
Director KYC
– Ensuring compliance with private limited company director KYC requirements
– Assisting directors in filing necessary forms and documents
– Monitoring and updating KYC status regularly
Secretarial Audit
– Conducting secretarial audits to assess compliance with various laws and regulations
– Providing detailed audit reports and recommendations for improvement
– Assisting in the implementation of necessary corrective actions
Compliance with Regulatory Authorities
– Ensuring timely filing of various forms and returns with regulatory authorities
– Handling compliance requirements under various acts and regulations, such as the Companies Act, GST, and labour laws
– Guiding regulatory changes and their impact on your business
Advisory Services
– Providing ongoing advisory services on compliance matters
– Offering guidance on corporate governance and best practices
– Assisting in the development and implementation of compliance policies and procedures
BENEFITS
Benefits of Timely Annual Compliance for Private Limited Companies
Ensuring timely annual compliance offers several benefits for your private limited company. This includes:
⭷ No Penalties and Legal Issues
Non-compliance with the annual statutory obligations can result in costly penalties and legal hassles for a private limited company. This not only causes financial losses to the company but also affects its growth and prospects.
⭷ Improved Business Credibility and Trust
Regularly filing annual returns and financial statements demonstrates transparency and enhances your company’s credibility among stakeholders, including investors, lenders, and customers. This puts you in a position to raise more capital and increase your sales and revenue.
⭷ Unhindered Functioning and Improved Management
Timely annual compliance helps PVT LTD companies maintain accurate records, ensure the smooth functioning of the company, and facilitate better decision-making and management.
⭷ Enhanced Investor and Stakeholder Confidence
Compliance with statutory requirements instills confidence in investors and stakeholders about your company. It indicates that your company is well-governed and follows best practices.
Frequently Asked Questions
What is annual compliance for private limited companies?
Annual compliance refers to the statutory obligations and filing requirements that private limited companies must fulfill every year, such as filing annual returns and financial statements, conducting AGMs, and complying with various regulations.
What are the consequences of non-compliance?
Non-compliance with annual compliance requirements can lead private limited companies to penalties, fines, legal complications, and even the risk of company closure. It can also damage your company’s reputation and credibility among stakeholders.
How can Finocircle assist with annual compliance?
Non-comFinocircle provides comprehensive annual compliance services for private limited companies, including filing annual returns and financial statements, conducting AGMs, ensuring director KYC compliance, conducting secretarial audits, and providing advisory services on compliance matters.pliance with annual compliance requirements can lead private limited companies to penalties, fines, legal complications, and even the risk of company closure. It can also damage your company’s reputation and credibility among stakeholders.
How much does Finocircle charge for annual compliance services?
Finocircle offers flexible pricing plans and packages based on the size and complexity of your company’s compliance requirements. We provide transparent and competitive pricing, ensuring you receive the best value for your investment. Contact us for a customized quote based on your specific needs.
We're Trusted By Our 5k+ Clients
Finocircle has assisted numerous private limited companies in achieving seamless annual compliance, and their positive feedback is a testament to our expertise and dedication.
Mithun Dey
Finocircle has been our partner for 4 years now. The team is knowledgeable, proactive, and always available to guide us through the annual compliance requirements. Thanks to their services, we have compliance with all regulatory requirements.
Santosh Kumar
As a growing company, we needed a reliable partner for our annual compliance needs. Finocircle exceeded our expectations with their personalized approach and for our compliance filings, audits, and advisory needs.
Mohnish
I am completely satisfied with the annual compliance handling by Finocircle. The team keeps me in the loop and regularly updates me about my company compliance filings, saving me from penalties.
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