Mandatory Annual Compliance for Private Limited Company
WHEN YOU ARE DOING BUSINESS IN INDIA, it is necessary to abide the rules and laws as prescribed by various statutes and acts. Annual return filing is compulsory in India for Private Limited Companies, One Person Companies ,Limited Liability Partnership etc.
EVERY BUSINESS INCORPORATED WITH ROC has to file Annual reports and annual accounts irrespective of turnover or transactions. Even when there is no sales or transactions annual filing is a must under income tax.
Annual Return Filing in India
ANNUAL RETURN ROC FILING is an important part of Roc Compliance. Roc Filing is not just limited to filing of annual returns of the company. ROC filings have to be done in case of change of business address, change of directors, change of business activity and other event based filings.
ANNUAL RETURN FILING IN CHENNAI FOR PRIVATE LIMITED COMPANIES
When compared to Public Limited companies, the ROC compliance and ROC filings of private limited companies has been relaxed and revised. But still it involves too many process and annexure. Annual Return Filing for Private Limited Companies is ROC Compliance. It is compulsory to file annual reports and accounts with ROC. There are too many guidelines and due dates to remember for a company to be in the good books of law. It is advisable to get professional help in Annual Return Filing in Chennai For Private Limited Companies. The following are the forms to be submitted before due dates to avoid penalties
- FORM ADT 1 –For Auditor Appointment- Due date for submission is within 15 days from AGM.
- FORM MGT 7 – within 60 days of AGM.
- FORM AOC 4- within 30 days of AGM
ANNUAL RETURN FILING IN CHENNAI FOR LIMITED LIABILITY PARTNERSHIP
Limited liability Partnership is a cocktail of both partnership business and company form of business. It enjoy the advantages of both partnership and company business structure. Limited liability and ownership control are some of the benefits of LLP.
LLPs are registered under LLP act, but they also come under MCA. Hence LLP Annual filing is compulsory under law. The following are the forms to be submitted before due dates to avoid penalties
- Form 11 – Annual Return form – within 60 days from the end of financial year – on / before 30th May every year.
- Form 8 – Balance sheet and Profit Loss – on or before 30th October every year
ANNUAL RETURN FILING IN CHENNAI FOR ONE PERSON COMPANY-OPC
One person company is a single man show. The rules and compliances are very relaxed for One person companies and Limited Liability partnership when compared to private limited companies. No compulsion in holding board meeting, preparation of minutes, Annual general meetings and so on. But annual ROC filings is a must for even OPCs too. It is part of ROC compliance of your OPC. The following are the forms and its due dates for OPCs.
- FORM MGT 7- Annual Return form –Due to be filed within 60 days of AGM.
- FORM AOC 4- Financials – Due to be filed within 30 days of AGM
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TOPIC: ANNUAL RETURN FILING, ROC COMPLIANCE, ROC FILING, FilingPoint