Annual Compliance Services for PVT & LLP Company
Annual Compliance Services for PVT & LLP Company are essential for ensuring that private limited (PVT) and limited liability partnership (LLP) companies adhere to all legal and regulatory requirements each year. These services include filing annual financial statements, submitting necessary forms to government authorities, and ensuring compliance with tax and company laws.
For PVT companies, Annual Compliance Services for PVT & LLP Company involve filing returns with the Registrar of Companies (RoC), conducting board meetings, and maintaining accurate records. For LLP companies, Annual Compliance Services for PVT & LLP Company include filing an annual return, financial statements, and following compliance regulations set by the Ministry of Corporate Affairs (MCA).
Annual Compliance Services for PVT & LLP Company help businesses avoid penalties and legal issues while maintaining their legal standing. These services also provide transparency, build trust with clients, and ensure smooth business operations. By utilizing Annual Compliance Services for PVT & LLP Company, companies can focus on growth while staying compliant with all legal requirements.
Easy Annual Compliance Filing
Annual Filing of Company - An Overview
Annual filing of a company is a crucial compliance requirement for private limited (PVT) and limited liability partnership (LLP) companies. It involves submitting annual financial statements, tax returns, and necessary forms to regulatory authorities such as the Registrar of Companies (RoC) and the Ministry of Corporate Affairs (MCA). For PVT companies, it includes filing annual returns, maintaining statutory records, and conducting board meetings. LLPs must file Form 8 and Form 11, ensuring compliance with financial and operational regulations. These filings help businesses stay legally compliant, maintain transparency, and build trust with stakeholders.
Timely annual filing prevents penalties, legal complications, and the risk of disqualification. Non-compliance can lead to hefty fines or even restrictions on business operations. Proper documentation and adherence to filing deadlines ensure smooth business operations and a strong legal standing. By following the annual filing process, companies can focus on growth while meeting all regulatory obligations efficiently.
Benifit of Annual Filing of Company
Legal Compliance
Ensures the company follows all regulatory and legal requirements, avoiding penalties and legal issues.
Avoids Penalties
Timely filing prevents late fees, fines, and possible disqualification of directors or partners.
Maintains Transparency
Keeps financial records up to date, ensuring clarity in business operations.
Builds Credibility
Enhances trust with stakeholders, investors, and financial institutions.
Access to Loans & Benefits
Proper filing makes it easier to secure bank loans, government incentives, and other financial support.
Smooth Business Operations
Avoids legal interruptions, allowing companies to focus on growth and expansion.
Better Financial Planning
Regular filing helps in tracking financial performance and making informed business decisions.
Prevents Legal Complications
Non-compliance can lead to legal action, so annual filing ensures a strong legal standing.
Documents Required for PVT & LLP Company Compliance
For Private Limited Company (PVT)
- Company Documents : Certificate of Incorporation, MOA & AOA, PAN, GST (if applicable).
- Director Documents : PAN, Aadhaar, Address Proof, Utility Bill.
- Financial & Tax : Audited Accounts, ITR, GST & TDS Returns.
- MCA Compliance : Board Resolutions, AOC-4 (Financials), MGT-7 (Annual Return).
- Others : Business Licenses, Statutory Registers.
For Limited Liability Partnership (LLP)
- Basic Documents : LLP Agreement, Certificate of Incorporation, PAN, GST.
- Partner Documents : PAN, Aadhaar, Address Proof, Utility Bill.
- Financial & Tax : Statement of Accounts (Form 8), Annual Return (Form 11), ITR, GST, TDS.
- Others : Meeting Minutes, Statutory Registers.
Company Annual Compliance Charges in India
Here’s a breakdown of Annual Compliance Charges for different types of companies, including ROC filing, tax compliance, and audits:
Type of Company
Govt. Fee (Approx.)
Professional Fee (Approx.)
Total Cost (Approx.)
Private Limited Company (Pvt Ltd)
Rs. 2,000 – Rs. 10,000
Rs. 18,000 – Rs. 25,000
Rs. 20,000 – Rs. 35,000
Limited Liability Partnership (LLP)
Rs. 500 – Rs. 7,000
Rs. 12,000 – Rs. 20,000
Rs. 12,500 – Rs. 27,000
One Person Company (OPC)
Rs. 2,000 – Rs. 8,000
Rs. 15,000 – Rs. 20,000
Rs. 17,000 – Rs. 28,000
Section 8 Company
Rs. 2,000 – Rs. 10,000
Rs. 18,000 – Rs. 25,000
Rs. 20,000 – Rs. 35,000
Included Compliance Services:
✔ Annual ROC Filing (AOC-4, MGT-7, LLP Form 8 & 11, etc.)
✔ Income Tax Return (ITR) Filing
✔ GST Return Filing (if applicable)
✔ Statutory Audits (for applicable companies)
✔ Director KYC (DIR-3 KYC) & Other MCA Filings
Additional Charges (If Applicable):
- GST Return Filing (if turnover > Rs. 20 lakh): Rs. 500 – Rs. 2,500 per return
- TDS Return Filing: Rs. 1,000 – Rs. 5,000 per quarter
- Audit Fees (if turnover > Rs. 1 crore): Rs. 10,000 – Rs. 50,000
💡 Late Filing Penalty:ROC late fees start at Rs. 100 per day per form if not filed on time
Annual Compliance for Private Limited Company
Annual Return Filing (MGT-7) Submission of the company’s annual return to the Registrar of Companies (RoC).
Financial Statements Filing (AOC-4) – Filing audited financial statements, including the balance sheet and profit & loss account.
Income Tax Return Filing – Mandatory filing of annual income tax returns with the Income Tax Department.
Statutory Audit – Conducting an audit by a Chartered Accountant if applicable.
Board Meetings – Holding at least four board meetings in a financial year as per the Companies Act.
Annual General Meeting (AGM) – Required for companies with more than one shareholder to discuss financial performance and compliance matters.
Director KYC (DIR-3 KYC) – Directors must submit KYC details annually to remain compliant.
Maintenance of Statutory Registers – Keeping records of shareholders, directors, and other key company details.
Declaration of Commencement of Business (INC-20A) – Required for new companies before starting operations.
Event-Based Compliance – Reporting any changes in directors, shareholding, or registered office to RoC.
Process of Annual Filing of Company
- Prepare Financial Statements – The company must prepare its balance sheet, profit & loss account, and other financial reports.
- Conduct Statutory Audit – If applicable, a Chartered Accountant audits the financial statements to ensure accuracy and compliance.
- Hold Board Meeting & AGM – Companies must conduct board meetings and an Annual General Meeting (AGM) to approve financials and discuss compliance matters.
- File Income Tax Return (ITR-6/ITR-7) – The company must file its income tax return with the Income Tax Department before the due date.
- File Annual Return (MGT-7/MGT-7A) – The company must submit its annual return with the Registrar of Companies (RoC), providing details about directors, shareholders, and company structure.
- File Financial Statements (AOC-4) – The audited financial statements must be filed with the MCA.
- Director KYC (DIR-3 KYC) – Directors must submit their KYC details to remain compliant.
- Event-Based Filings (If Any) – Any changes in directorship, shareholding, or company structure must be reported to RoC.
- Check GST, TDS & Other Compliances – Ensure GST returns, TDS filings, and any other regulatory requirements are completed.
- Maintain Statutory Registers & Records – The company must update and maintain all statutory records for future reference.
What Is Compliance in Business?
Compliance is the act of adhering to a directive or the condition of conforming to established rules or standards. In business terms, it means ensuring that your organization and its employees follow all relevant laws, regulations, standards, and ethical guidelines.
Corporate compliance includes internal policies and procedures, along with federal and state laws. By implementing compliance measures, your organization can actively prevent and identify violations, thus safeguarding itself from fines and legal actions.
The corporate compliance process remains ongoing. To manage compliance policies effectively and consistently, many organizations develop a comprehensive program. This program features regular training sessions for employees, updates on changing regulations, and internal audits to ensure adherence to policies. By fostering a culture of compliance, organizations not only minimize risks but also enhance their reputation in the marketplace. Ultimately, prioritizing compliance supports long-term success and sustainability for the business.
Frequently Asked Questions (FAQs)
A Private Limited Company in India limits shareholder liability to their investment and restricts the number of shareholders to 200. This structure offers flexibility, facilitates capital raising, and provides legal recognition, making it popular among entrepreneurs. Additionally, it safeguards personal assets while enabling efficient decision-making and fostering growth in a competitive marketplace. Ultimately, forming a Private Limited Company positions your business for long-term success and balances risk and growth potential.
1. The company must file the annual return using Form MGT-7 within 60 days after the AGM and submit the financial statements using Form AOC-4 within 30 days following the AGM. Therefore, adhering to these deadlines is imperative for compliance.
2. Timely filings ensure that stakeholders have access to the latest financial information and demonstrate the company’s commitment to transparency. Consequently, this builds trust and enhances the company’s reputation.
A Private Limited Company requires a minimum of two directors; however, it can have a maximum of 15 directors. Additionally, selecting a diverse board can enhance decision-making and overall governance. Therefore, it’s essential to carefully consider each director’s skills and experience, as this can positively impact stakeholder confidence and contribute to the company’s growth. Understanding these requirements helps establish a strong foundation for your Private Limited Company.
Board meetings are essential for decision-making in private limited companies. They must conduct at least four meetings annually, ensuring no more than 120 days between them. By prioritizing these meetings, companies can enhance communication, foster collaboration, and navigate challenges effectively, ultimately contributing to their overall success and alignment with goals.