{"id":2397,"date":"2018-06-02T12:52:17","date_gmt":"2018-06-02T12:52:17","guid":{"rendered":"https:\/\/swaritadvisors.com\/learning\/?p=2397"},"modified":"2020-07-27T17:01:06","modified_gmt":"2020-07-27T11:31:06","slug":"what-is-annual-compliance-of-a-private-limited-company","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/learning\/what-is-annual-compliance-of-a-private-limited-company\/","title":{"rendered":"What is annual compliance of a private limited company?"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Running a company is not an easy task, anyone with good experience will know that.The entrepreneurs are required to do some legal regulatory things as <strong><a href=\"https:\/\/swaritadvisors.com\/annual-compliance-of-a-private-limited-company\">annual compliance of a private limited company<\/a><\/strong>. So let\u2019s look at few of these, here we have a list of just few of the compliances that each private limited company needs to fulfill by law.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3a8b38eacc5\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3a8b38eacc5\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/learning\/what-is-annual-compliance-of-a-private-limited-company\/#List_of_Annual_Compliance_of_a_Pvt_Ltd_Company\" title=\"List of Annual Compliance of a Pvt Ltd Company\">List of Annual Compliance of a Pvt Ltd Company<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/learning\/what-is-annual-compliance-of-a-private-limited-company\/#Board_meetings\" title=\"Board meetings\">Board meetings<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/learning\/what-is-annual-compliance-of-a-private-limited-company\/#The_Annual_general_meeting\" title=\"The Annual general meeting\">The Annual general meeting<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/learning\/what-is-annual-compliance-of-a-private-limited-company\/#Filing_annual_forms\" title=\"Filing annual forms\">Filing annual forms<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/learning\/what-is-annual-compliance-of-a-private-limited-company\/#The_yearly_forms_by_the_companys_directors\" title=\"The yearly forms by the company\u2019s directors\">The yearly forms by the company\u2019s directors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/swaritadvisors.com\/learning\/what-is-annual-compliance-of-a-private-limited-company\/#Statutory_register_and_minutes_book_maintenance\" title=\"Statutory register and minute\u2019s book maintenance\">Statutory register and minute\u2019s book maintenance<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/swaritadvisors.com\/learning\/what-is-annual-compliance-of-a-private-limited-company\/#What_are_the_Compliances_based_on_events\" title=\"What are the Compliances based on events?\">What are the Compliances based on events?<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"List_of_Annual_Compliance_of_a_Pvt_Ltd_Company\"><\/span>List of Annual Compliance of a Pvt Ltd Company<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Board_meetings\"><\/span><strong>Board meetings<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A minimum of four board meetings must be held in a period of one year, automatically meaning one board meeting quarterly (for other than Small Company). The directors must be present for the meeting.The quorum being 1\/3<sup>rd<\/sup> or the two directors, and whichever will be greater. These board meetings are required to be logged and the signed number of minutes need to be maintained at the registered office.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Annual_general_meeting\"><\/span><strong>The Annual general meeting<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This meeting is a meeting for shareholders which must be held every single year. The approval for the financial statements, their declaration of the dividends, auditor\u2019s appointment etc is the primary task for this meeting. The annual general meeting will be needed to be held in a city where company\u2019s registered office is located.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Filing_annual_forms\"><\/span><strong>Filing annual forms<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>There exist various forms required to be filed other than the annual financials. The information given is very detailed and its content is related to shareholders, the directors and financials etc. All of these forms are needed for certification by a practicing charted accountant or any practicing secretary of company. The companies that have paid up the capital of shares within the range of Rs 1 million to 50 million will be required for filing an <strong>annual compliance of a private limited company<\/strong> certificate from a company secretary that is in practice.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_yearly_forms_by_the_companys_directors\"><\/span><strong>The yearly forms by the company\u2019s directors<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The company directors will need to inform their company regarding their directorship in the other companies every year.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Statutory_register_and_minutes_book_maintenance\"><\/span><strong>Statutory register and minute\u2019s book maintenance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Various registers will be required to be maintained, like register of members or the register of the directors, contracts, charges etc. The registers are needed to be kept at the company\u2019s registered office.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_Compliances_based_on_events\"><\/span><strong>What are the Compliances based on events?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><em>These events are certain events based on triggers, for example \u2013<\/em><\/p>\n\n\n\n<ol><li>A receipt of the shares money for application.<\/li><li>Allotment of the shares.<\/li><li>The appointment of the full time director or the managing director.<\/li><li>Transfer of the shares<\/li><li>The director\u2019s Registration and appointment.<\/li><li>The executive agreement with related parties.<\/li><li>changing of the bank signatures<\/li><li>Changing of the statutory auditors.<\/li><\/ol>\n\n\n\n<p>The paperwork for all of the above and along with their various deadlines for these tasks. Just in the case of non-compliance or even a deadline that\u2019s been missed then there can be penalties and additional fees liability or even a compounding offence etc. Therefore, it\u2019s highly necessary that the procedure of <strong>annual compliance of a private limited company <\/strong>must be tracked and the compliances met with the time frame. If you have any further queries regarding this then you may consult our specialists who can help you with proper guidance. We are always available to help you in offering constant support and help through our helpline number and email. Feel free to contact us anytime we will feel glad to serve you in the best possible ways.<\/p>\n\n\n\n<div class=\"read\"><p><b>Also Read:<\/b> <mark><a href=\"https:\/\/swaritadvisors.com\/learning\/documents-for-private-limited-company-in-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Private Limited Company Registration in India \u2013 Process and Documents<\/a><\/mark>.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Running a company is not an easy task, anyone with good experience will know that.The entrepreneurs are required to do some legal regulatory things as annual compliance of a private limited company. So let\u2019s look at few of these, here we have a list of just few of the compliances that each private limited company [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2399,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[168],"tags":[169],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/2397"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/comments?post=2397"}],"version-history":[{"count":7,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/2397\/revisions"}],"predecessor-version":[{"id":11940,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/2397\/revisions\/11940"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media\/2399"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media?parent=2397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/categories?post=2397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/tags?post=2397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}