Tax & Compliance Pvt Ltd Company
End-to-End Business Services of Tax & Compliance for Pvt Ltd
- It is mandatory for entrepreneurs to satisfy income tax, companies act, state laws and GST. Every company needs to submit income tax returns by 30th September each year. We at Private Limited guarantee compliance for private limited on time when they are due.
- professional consulting and services of tax & compliance for pvt ltd to its clients. We are committed to focus on the business services of our clients. Our dedicated team of professionals can take utmost care of tax and compliance for businesses like private limited, public limited etc.
End-to-End Business Services of Tax & Compliance for Pvt Ltd
It is mandatory for entrepreneurs to satisfy income tax, companies act, state laws and GST. Every company needs to submit income tax returns by 30th September each year. We at D.k Narang Advocate Private Limited guarantee compliance for private limited on time when they are due.
Private Limited offers end to end professional consulting and services of tax & compliance for pvt ltd to its clients. We are committed to focus on the business services of our clients. Our dedicated team of professionals can take utmost care of tax and compliance for businesses like private limited, public limited etc.
We have in-house dedicated experts to provide you with important advisory services of tax and compliance. Our qualified professionals guide you about the advance tax payments, tax planning etc. and they also submit income tax returns. We will review the accounts of the company at the end of each financial year.
So why are you waiting for? Contact us as soon as possible to manage your tax and compliance for private limited.
Mandatory ROC Compliances for Private Limited Company
| Compulsory Compliances | Description and Timeline |
| First Board meeting | First Board of Directors’ meeting must be held within 30 days since when incorporation of company was done. Notice regarding board meeting is required to be sent to each director before 7 days of the same. |
| Subsequent Board Meetings | At least 4 board meetings must be arranged every year and there should not be a gap of more than 120 days between 2 meetings. |
| Filing of disclosure of interest by directors | Each director at: First meeting of Board First meeting in which he attends as director Whenever there is certain modifications in disclosures Must reveal in Form MBP-1 (with list of relatives and their concerns in the company according to RPT), body corporate, his interest or concern in any company, firm or other association of persons(includes interest related to shareholding) Form MBP-1 must be retained in the company’s records. |
| First Auditor | First auditor of the company needs to get appointment by the board of directors within 30 days of incorporation. In the case of Board’s failure, an EGM (Extraordinary General Meeting) shall be done within 90 days to appoint the first auditor. He / they should hold his office till the end of 1st annual general meeting. Filing of ADT-1 is not compulsory for the first auditor. |
| Following auditor | The auditor will be appointed by the Board of directors in first annual general meeting of company who must hold his office till the end of 6th annual general meeting. The same should be informed by him to Registrar of Companies by filing ADT-1. The company is liable to file Form ADT 1 within 15 days since the date of appointment. |
| Annual General Meeting | Each company must hold an Annual General Meeting on or before 30th September every year during business hours (9 am to 6pm), except on any public holiday. AGM should be arranged either at the registered office of the Company or within the town, city or village where the registered office is located. A notice of 21 days is necessary to be given for the same. |
| Filing of Annual Return (Form MGT-7) | Every Private Limited Company must file its Annual Return within 60 days of its Annual General Meeting. Annual Return must include the period 1st April to 31st March. |
| Filing of Financial Statements (Form AOC-4) | Each Private Limited Company must file its Balance Sheet with statement of Profit and Loss Account along with Director Report in this form within 30 days of its Annual General Meeting. |
| Statutory Audit of Accounts | Each Company must make its Accounts and obtain the same audited by a Chartered Accountant at the end of the Financial Year. The Auditor shall give an Audit Report and the Audited Financial Statements for filing it with the Registrar. |
According to the Companies Act, 2013, every Private Limited Company in India must file annual return each year. Balance Sheet, Profit & Loss Accounts and other associate documents like audit report, board report, shareholders' details etc. are required to be filed with Ministry of Corporate Affairs. The Annual Return is governed by Ministry of Corporate Affairs and it is different from the income tax department.
Any of two directors of the company must sign on the Annual Return.
Yes, Private limited company needs to file the Annual Return before the due date which is 30th September of each year and 6 months from the completion of the Financial Year.
No, the Annual Return cannot be filed by company unless it is certified by Chartered accountant or Company Secretaries.
Yes, if the company fails to file Annual Return within the specific time then the company must pay additional Fees as penalty according to the Additional Fees Rule of the Companies Act, 2013. The amount of penalty depends on the number of days in default till its continuation.
