Annual Compliance for Private Limited Company
Running a Private Limited Company comes with various legal responsibilities. Ensuring timely compliance is crucial to avoid penalties and maintain your company’s credibility. At Taxless.in, we offer complete and hassle-free Annual Compliance Services for Private Limited Companies across India.
Stay compliant while we handle your legal and tax obligations efficiently.
What is Annual Compliance for a Private Limited Company?
Annual Compliance refers to the mandatory filings and legal requirements that every Private Limited Company must fulfill each year as per the Companies Act, 2013 and Income Tax laws.
These compliances ensure transparency, accountability, and smooth functioning of the company.
Mandatory Annual Compliances
Every Private Limited Company must complete the following:
✔️ Board Meetings
- Minimum 4 Board Meetings in a year
- Gap between two meetings should not exceed 120 days
✔️ Annual General Meeting (AGM)
- Must be held within 6 months from the end of the financial year
✔️ Filing of Financial Statements (AOC-4)
- Submission of Balance Sheet and Profit & Loss Account
- Due Date: Within 30 days of AGM
✔️ Annual Return (MGT-7)
- Filing of company details including shareholders and directors
- Due Date: Within 60 days of AGM
✔️ Income Tax Return (ITR-6)
- Filing of company income tax return
- Due Date: 30th September (or as applicable)
✔️ Statutory Audit
- Mandatory audit by a Chartered Accountant
✔️ DIR-3 KYC (for Directors)
- Annual KYC for directors with DIN
Additional Compliance (If Applicable)
- GST Return Filing
- TDS Return Filing
- Maintenance of statutory registers
- Event-based compliances
Consequences of Non-Compliance
Failure to comply can result in:
- ❌ Heavy penalties and late fees
- ❌ Disqualification of directors
- ❌ Company strike-off by ROC
- ❌ Legal complications
- ❌ Difficulty in raising funds or loans
Documents Required
To complete annual compliance, you need:
- Certificate of Incorporation
- PAN Card of Company
- MOA & AOA
- Financial Statements
- Bank Statements
- DSC of Directors
- Details of shareholders and directors
- Previous year compliance records
Our Compliance Services
We provide complete support for Private Limited Company compliance:
✔️ Financial Statement Preparation
Preparation of Balance Sheet and Profit & Loss Account.
✔️ ROC Filings (AOC-4 & MGT-7)
Timely filing with MCA to ensure compliance.
✔️ Income Tax Filing
Accurate filing of ITR-6.
✔️ Audit Support
Coordination with auditors for statutory audit.
✔️ Compliance Advisory
Ongoing expert guidance to maintain compliance.
Step-by-Step Process
- 📞 Consultation – Understand your company structure
- 📂 Document Collection – Gather required documents
- 📊 Preparation – Draft financial statements
- 📤 Filing – Submit ROC and tax filings
- ✅ Completion – Confirmation and acknowledgment
Why Choose Taxless?
- ✅ Experienced compliance experts
- ✅ On-time filing guarantee
- ✅ Affordable pricing plans
- ✅ End-to-end compliance management
- ✅ Dedicated customer support
Benefits of Annual Compliance
- 📜 Avoid penalties and legal issues
- 📊 Maintain financial transparency
- 💼 Enhance company credibility
- 🚀 Smooth business operations
- 📈 Better financial planning
Who Needs This Service?
- All Private Limited Companies
- Startups and growing businesses
- Companies with or without active operations
Frequently Asked Questions (FAQs)
1. Is compliance mandatory even if there is no business activity?
Yes, annual compliance is mandatory regardless of business activity.
2. What happens if AGM is not conducted?
Penalties may be imposed, and legal action can be taken against the company.
3. Is audit mandatory for Private Limited Companies?
Yes, statutory audit is mandatory.
4. Can Taxless.in handle complete compliance?
Yes, we provide end-to-end compliance services including ROC and tax filings.
Get Started Today
Keep your Private Limited Company compliant and risk-free with expert support from Taxless.in. Let us handle your annual compliance while you focus on scaling your business.
👉 Contact us today for professional and timely compliance services.
