Running a Private Limited Company in India comes with yearly legal and regulatory obligations under the Companies Act, 2013 and Income Tax Act. Fulfilling annual compliances ensures your company remains active, avoids penalties, and builds strong financial credibility.
Why Annual Compliance is Mandatory
Every registered Private Limited Company, irrespective of turnover or business activity, must file its annual returns and financial statements with the Registrar of Companies (ROC). Non-compliance can attract heavy penalties and even strike-off.
Legal obligation under the Companies Act, 2013
Maintains “Active” status on MCA records
Builds credibility for funding and tenders
BAvoids penalties and director disqualification
uilds credibility for funding and tenders
|
Compliance |
Form / Return |
Due Date |
Description |
|
Board Meetings |
– |
Minimum 4 per year |
Quarterly governance meetings |
|
Statutory Audit |
– |
Before AGM |
Audit by Chartered Accountant |
|
Annual Return |
MGT-7 / MGT-7A |
Within 60 days of AGM |
Filed with ROC |
|
Financial Statements |
AOC-4 / AOC-4 XBRL |
Within 30 days of AGM |
Balance Sheet, P&L, etc. |
|
Income Tax Return |
ITR-6 |
By 30th September |
Annual income tax filing |
|
Director KYC |
DIR-3 KYC |
By 30th September |
Mandatory for each director |
|
Commencement of Business (1st year only) |
INC-20A |
Within 180 days of incorporation |
Declaration of capital deposit |
|
Other Event-based Filings |
Various |
As applicable |
Change in directors, capital, etc. |
Our Annual Compliance Package Includes
💼 Comprehensive MCA, Income Tax & GST Compliance — All in One Plan
✅ ROC Filings: Preparation & filing of AOC-4 (Financial Statements) and MGT-7 (Annual Return)
✅ Audit Support: Coordination with statutory auditor and preparation of Audit Report, Balance Sheet, and Profit & Loss Account
✅ GST Filings: Monthly GSTR-1, GSTR-3B, and Annual GST Return (GSTR-9) filing
✅ Board Governance: Drafting of Board Resolutions, Notices, and Minutes for Meetings & AGM
✅ Board Governance: Drafting of Board Resolutions, Notices, and Minutes for Meetings & AGM
✅ Tax Filings: Assistance with ITR-6, TDS, and Advance Tax compliance
✅ Director Compliance: DIR-3 eKYC and DIR-8 submission for all directors
✅ Labour Law Filings: PF, ESI, and PT returns filing with periodic deposit reminders
✅ Compliance Calendar & Alerts: Automated due-date tracker with timely email/WhatsApp reminders
Penalty for Non-Compliance
Ignoring annual filings or missing statutory deadlines can have serious legal and financial consequences under the Companies Act, 2013 and the Income Tax Act. Even dormant or non-operational companies must comply annually to remain in “Active” status on the MCA portal.
Consequences of Non-Compliance:
💸 Late Filing Penalty: ₹100 per day per form (AOC-4, MGT-7, etc.) from the due date until filing — no upper limit on penalties.
💼 Funding & Tender Impact
: Non-compliant companies lose eligibility for bank loans, investor funding, government tenders, and Startup India benefits.
🚫 Director Disqualification: If a company fails to file annual returns for three consecutive financial years, all its directors are disqualified from serving on the board of any company for five years.
🏢 Company Strike-Off: Continuous non-filing can lead to the company being marked as “Inactive” or struck off from the Registrar of Companies (ROC) records under Section 248 of the Companies Act, 2013.
⚖️ Legal Prosecution: In severe cases, the MCA may initiate prosecution against the company and its officers, attracting additional fines and possible imprisonment for responsible directors.
Virtual Finance Gurranty
🛡 Stay protected — timely filing through Virtual Finance Services ensures your company remains active, penalty-free, and credible in all official records.
Compliance ensures your LLP remains in “Active” status on the MCA portal and avoids penalties. Even a dormant LLP must file returns annually to stay legally valid.
A Section 8 Company (Non-Governmental Organization) is registered under the Companies Act, 2013 for charitable, social, or non-profit purposes — but it still must comply with all annual legal, financial, and secretarial requirements.
Contact us today to discuss your requirements and get a personalized quote
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