Every Private Limited Company is mandatorily required and expected by the law to fulfil the following compliances -:
To avoid penalties and fines, it is mandatory to comply with all compliances applicable to your company.
The Companies Act 2013 & Ministry of Corporate Affairs is the Governing Law and Regulatory Authority of India under companies law
Annual Returns -It is mandatory for every private company to disclose the details of its annual returns within a period of 60 days. And the days will be counted from the last annual meeting held. The annual returns will be calculated from 1st April to 31st March.
Financial Statement - Every private company are supposed to disclose the details of its balance sheet and financial statement of profit and loss within a period of 30 days from the last annual meeting held.
So above Annual Returns and Financial Statements like Balance Sheet & Profit and loss account finalisation is one of Most Important one of the list of compliances for private limited company, even through this compliance startups know about their financial growth and valuations.