Introduction Private Limited Annual Filing Services

Private Limited Annual Filing Services

If you are running a Private Limited Company then you will have to comply with certain rules. The Registrar of Companies (ROC) is the body that regulates all companies. In addition, the Ministry of Corporate Affairs (MCA) is the body that sets the standards for private limited companies. These standards apply to every company doing business in India.

Besides meeting legal compliances, a Private Limited Company must also meet the compliances of other administrative bodies. Such entities are required to maintain sanctioned books of accounts. They must also file annual returns with the ROC.

A Private Limited Company must hold an Annual General Meeting (AGM) on a regular basis. This is a special meeting of shareholders where they can approve or reject financial statements. It should be held no more than six months after the end of the financial year. An Annual Return must be filed within 60 days of the AGM.

A Private Limited Company must maintain an appointed auditor. Any changes to the appointment of the auditor must be notified within 15 days. Similarly, any change in registered office must be notified within 15 days.

Every Private Limited Company must have its books of accounts audited by a Chartered Accountant. Likewise, the Audited Financial Statements and Audit Report must be submitted to the ROC.

Each Private Limited Company must prepare a Board's Report in form AOC-4. In addition, they must record all of their board meetings. Moreover, they must also maintain statutory registers.