Looking for the Best CA for Annual Compliances of Private Limited Company? At Akhil Amit And Associates, we specialize in delivering end-to-end compliance solutions to ensure your Private Limited Company stays legally compliant and avoids penalties. As the highest rated CA for Private Limited in Pune, we help you meet all statutory obligations with ease and accuracy.
Every registered Private Limited Company in India must file annual returns and financial statements, even if there is zero turnover. Whether the company is active or dormant, compliance with MCA regulations is mandatory. Partner with the Best CA in Pune for Private Limited Compliance to keep your company in good standing.
Overview of Annual Compliance for Private Limited Company
Annual compliance is essential to maintain the active status of your company on the MCA portal. The forms AOC-4 and MGT-7 are mandatory filings that reflect your financials and governance. Failure to file can lead to serious consequences like company strike-off and director disqualification.
Compliance timelines depend on the date of your Annual General Meeting (AGM). To stay protected, choose the Best CA for all Private Limited Compliance who ensures that your filings are always on time and error-free.
Mandatory Annual Compliances
Here are the statutory annual compliances every Private Limited Company must fulfill:
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1
First Board Meeting
The Board Meeting must be conducted within 30 days of incorporation. Directors should receive a notice at least 7 days before the meeting. We help you draft resolutions and minutes professionally.
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2
Subsequent Board Meetings
Minimum 4 Board Meetings must be held annually, with a gap of no more than 120 days between two meetings.
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3
Disclosure of Director’s Interest (Form MBP-1)
Every director must disclose their interest in other entities at the first board meeting or whenever a change occurs using Form MBP-1. We maintain all statutory registers for you.
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4
Appointment of First Auditor
The Board must appoint the first auditor within 30 days of incorporation. ADT-1 is not required for the first appointment.
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5
Appointment of Subsequent Auditor
Appoint the auditor at the first AGM who shall continue till the conclusion of the 6th AGM. File ADT-1 within 15 days of appointment.
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6
Annual General Meeting (AGM)
AGM must be held by 30th September every year. Notice should be issued 21 clear days prior, during working hours, on a non-public holiday.
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7
Filing of Annual Return (Form MGT-7)
File within 60 days of AGM. It covers the financial year from 1st April to 31st March.
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8
Filing of Financial Statements (Form AOC-4)
File within 30 days of AGM, including balance sheet, profit & loss statement, auditor’s report, and board report.
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9
Statutory Audit of Accounts
Every Private Limited Company must get its books audited annually by a Chartered Accountant and file the audited statements with RoC.
Event-Based Compliances
Event-based compliances are triggered by certain actions such as change in directors, registered office, share capital, etc. These must be reported within the specified time to avoid penalties. Below is the list of common event-based filings:
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Penalties for Non-Compliance
If a company fails to comply with the required filings, both the company and its directors may be liable to fines and penalties. Delays can lead to daily fines and status updates as “defunct” or “under strike-off.” Avoid this by consulting the Best CA for Annual Compliances of Private Limited.
Benefits of Timely Compliance
Credibility with Stakeholders
Regular ROC filings help establish transparency and trust with banks, clients, vendors, and government authorities.
Investor Confidence
Timely compliance improves investor confidence and eases the fundraising process by showcasing a strong governance record.
Avoid Government Actions
Non-compliance may lead to company strike-off, penalties, or disqualification of directors. Stay protected with our expert compliance team.
Checklist for Annual Compliance of Private Startups
- Monthly, Quarterly, and Annual GST Returns
- Quarterly TDS Returns
- Advance Tax Evaluation & Payment
- Income Tax Return Filing (Flat 30% rate)
- Tax Audit Report Filing
- Statutory Registers & Minutes Maintenance
- Filings under Environment, PMLA, Competition, or Factory Act (if applicable)
Documents Required for Annual Filing
- Certificate of Incorporation, PAN Card, MoA & AoA
- Audited Financial Statements
- Audit Report & Board Report
- Digital Signature of a Director (DSC)
Conclusion
Annual Compliance is not just a legal formality; it’s the foundation of a company’s credibility and longevity. At Akhil Amit And Associates, we provide full compliance support from audit to filing, making us the Best CA in Pune for Private Limited Compliance.
Reach out to us for timely, accurate, and end-to-end compliance services — trusted by startups and businesses across India.