Annual Compliance for Private Limited Company
Private limited companies must adhere to annual compliance requirements and meet filing deadlines to avoid penalties. Key compliance obligations include:
Business Commencement Certificate
Must be obtained within 180 days of incorporation for companies
registered after November 2019.
Penalty: ₹50,000 for the company and ₹1,000 per day for directors.
Appointing an Auditor
An auditor must be appointed within 30 days of incorporation.
Penalty: ₹300 per month, with business restrictions until an auditor is appointed.
Filing Income Tax Returns (ITR)
Mandatory annual filing before the due date.
MCA Form AOC-4
Must be submitted by November 13 to report financial statements.
Penalty: ₹200 per day for late filing.
MCA Form MGT-7
Required for annual return submission to MCA, also due by November
13.
Penalty: ₹200 per day for late filing.
DIN eKYC
Directors must verify their Director Identification Number (DIN) within the specified period.
Annual General Meeting (AGM)
Must be conducted within six months of the financial year-end, with details submitted in annual filings.
Director’s Report
Required under Section 134, detailing company performance, compliance, and disclosures.