Annual Compliances refers to the set of legal and regulatory requirements that a Private Limited Company must comply with on an annual basis. These compliance requirements are mandated by the Companies Act, 2013, and other applicable laws & regulations.
MANDATORY COMPLIANCES:
AOC-4 & MGT-7- ROC Filings
ADT-1 – Auditors Appointment
DIR-3—Filing of Directors KYC
MBP-1—Notice of Interest by Director
DIR-8—Intimation by Director
Financials preparation (B/S, P/L etc.)
Statutory Audit
Filing of Income tax Return
Annual Report & Director’s Report
Return on Foreign assets & liabilities
STATUTORY REGISTERS & MINUTES:
Minimum Four Board Meetings
Hold an Extra General Meeting (EGM)
Annual General Meeting (AGM )
OPERATIONAL DAY TO DAY COMPLIANCES:
Payment of periodic dues: GST Liability, TDS & TCS mandatory payment
Non-Registrar compliances of periodic returns
(Monthly, quarterly, annual returns)
Monthly/Quarterly- GST Returns
Accounting & Book- Keeping
ESI- PF Compliances
EVENT BASED COMPLIANCES:
DIR-12 for Change in Directors (Section 149)
SH-7 for Change in capital structure (Section 61, 64)
MGT-14, PAS-3 for Return of Allotment (Section 62)
Note: Refer to the Notification dated 05/06/2015 for the exemption granted to private limited companies for filing the e-form MGT-14.
CHG-1 for Creation and modification of Charge (Section 82)
ADT-1 for Appointment of Statutory Auditor (Section 139)
ADT-3 for Resignation of Statutory Auditor (Section 140)
INC-22 for Shifting of Registered Office without Change in jurisdiction of ROC (Section 12)
INC-23, INC-28, MGT-14, INC-22 for Shifting of Registered Office with Change in the Jurisdiction of ROC (Section 12 & 13)
Form MSME for Return for delay in payments to MSMEs (Section 405)
DPT-3 for Return of Deposits with the Company (Section 73)
MGT-14 for Filing of Resolutions & Agreements with ROC (Section 117 & 179)
AOC-5 for Additional place other than the registered office where books of accounts and statutory registers are being kept (Section 128)
BEN-2 for Disclosure of Substantial Beneficial Ownership (SBO) (Section 90)
DIR-9 (in case company fails to file the financial statements, annual returns ,deposits, interest dividends etc.)(Section 164)
Failing to comply with these annual compliance requirements can result in penalties & legal liabilities for the company & its directors. Therefore, it is important for a private limited company to ensure timely and accurate compliance with these requirements.
Author Bio
you have written minimum board meeting compulsory for a private limited company. please check section 173(5) of the act,2013