Annual Compliances for Pvt Ltd


 Every Private Limited Company is mandatorily required and expected by the law to fulfil the following compliances -:

  • Board Meetings -At least four board meetings need to be held in a year and at least one meeting needs to be held every quarter. Presence of the directors is needed for the meeting. Quorum is 1/3rd or 2 Directors whichever is greater.
  • Annual General Meeting (AGM) - This is a shareholders meeting that needs to be held every year. Approval of financial statements, declaration of dividends, appointment of auditors, etc. is the primary agenda for this meeting. AGM needs to be held in the city where the registered office of the company is situated.
  • Annual Filing of Forms -There are a number of annual forms that need to be filed besides the annual financials.
  • Yearly Forms by Directors -The directors are required to inform the company about their directorship in other companies every year
  • Maintenance of Statutory Register & Minutes Book -A number of registers are required to be maintained, such as‐ Register of Member, Register of Directors, Register of Contracts, Register of Charges, etc. The registers are required to be kept at the registered office of the company.

Request Call Back

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

  1. 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.

  2. 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.