Guide to Annual Compliance for Private Limited Companies

Annual compliance for a Private Limited Company is crucial to ensure that the business remains legally compliant, avoiding penalties and legal issues. This process involves several key elements, starting with mandatory filings such as the annual return, financial statements, and other documents required by the Ministry of Corporate Affairs (MCA). Companies must hold an Annual General Meeting (AGM) to discuss important matters and file the minutes of the meeting with the authorities. Additionally, a company’s tax filings are an essential part of compliance, including the filing of Income Tax Returns (ITR) and Goods and Services Tax (GST) returns, if applicable.