Annual Compliance Services for PVT & LLP Company
With EAccounting as your trusted partner, effortlessly complete the annual compliances in just a few clicks T&C*
- Premium compliance filing services by India's most qualified CAs. View Packages
- 360° corporate legal assistance
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How it works
1
Purchase a plan
Select the suitable plan for your specific needs
2
Dedicated account manager assigned
Our experts handle all your compliance filings for you
3
Stay 100% compliant
Count on our experts to meet deadlines & keep your business compliant!
Right plan for Your Business
EAcconting's business advisors consult more than 100 businesses every month
Starter
24,999/year
- Appointment of Auditor
- Issuance of share certificate
- DIR 3 KYC (For 2 directors)
- Accounting & Bookeeping(Upto 100 transactions)
- Financial statement preparation
- Accounting software (1-year license)
- AOC 4, MGT 7 & ADT 1 filing
- Annual filing(Upto turnover of 20 lakhs)
- Facilitation of Annual General Meeting
- Statutory regulations PF, ESI
- One Year Income Tax filing(Upto turnover of 20 lakhs)
Standard
34,999/year
- Everything in Starter plus:
- Preparation of Minutes & Filing of AGM Report
- GST Returns Filings (12 Months)
- Dedicated account manager
- Consultation with CA, CS & Lawyer
Elite
49,999/year
- Everything in Standard plus:
- TDS filing for 1 year
- Payroll service (Up to 5 employees)
Not sure about the packages?
Talk to our experts to kickstart your business compliance process.
Annual Filing of Company - An Overview
Company compliance is essential for running a business smoothly and legally. Adhering to ROC compliance is mandatory to avoid penalties. All private limited companies, one-person companies, limited companies, and section 8 companies must meet annual compliance requirements as per the Companies Act of 2013, regardless of turnover or capital involved. ROC compliance is obligatory for registered private limited companies, and failure to comply can result in serious consequences for the business. Maintaining these annual compliances can be challenging, which is why EAccounting offers assistance with annual filings and provides guidance on company compliance requirements.
In reality, it is tough to maintain all the annual compliances for private limited companies. That is why EAccounting is here to help with the annual filings of companies and provide information regarding company compliances.
Annual Compliance for Private Limited Company
Like any other business, private limited companies must prioritize annual compliance. It's essential to ensure that all required filings are completed on or before the due date. Here are some key compliance requirements for private limited companies that should not be overlooked.
1. Business Commencement Certificate
As a part of the annual compliance for private limited companies, it is mandatory to have a business commencement certificate within 180 days of company incorporation. This applies to companies registered after November 2019 and having a share capital.
Failure to comply results in a penalty of ₹50,000 for the company and an additional ₹1,000 per day for each defaulting officer, up to a maximum of ₹100,000.
2. Appointing an Auditor
As part of ROC compliance, a private limited company must appoint an auditor within 30 days of incorporation. This appointment is crucial for fulfilling annual filing requirements.
Failure to appoint an auditor within the stipulated time means the company cannot legally conduct business until the appointment is made.
3. Filing ITR returns
For private limited companies, filing annual income tax returns on or before the due date is a critical compliance requirement. Meeting this deadline is essential to avoid penalties and ensure smooth business operations.
4. Submitting MCA Form AOC-4
Private limited companies must submit form AOC 4 to the MCA to adhere to the annual compliance. This has to be completed on or before 29 October. Penalty for not following this annual compliance: Failure to file this form will result in a penalty of ₹100 per day of default.
5. Filing MCA Form MGT-7
Private limited companies must submit form AOC 4 to the MCA to adhere to the annual compliance. This has to be completed on or before 28 November.
Penalty for not following this annual compliance: Failure to file this form will result in a penalty of ₹100 per day of default.
6. Filing for DINeKYC.
According to ROC compliance, every private limited company must have at least one director with a valid Director Identification Number (DIN). To ensure the accuracy of director information, it is mandatory for directors to file the DIR-3 KYC form annually.
If a director fails to submit the DIR-3 KYC form by the due date, their DIN will be deactivated and marked as 'Deactivated due to non-filing of DIR-3 KYC'. To reactivate the DIN, the director must file the DIR-3 KYC form along with a late fee of ₹5,000.
7. Hold Annual General Meetings (AGM)
This is crucial for annual compliance for private limited companies. During the annual filing of companies, all information about the AGM should be provided. It is required to hold an AGM within six months of the end of the fiscal year by ROC compliance.
8. Directors Report
Private company compliance involves providing director reports on time with the ROC and MCA. All the information should be submitted without fail as per Section 134.
Company Compliance Services Package for Private Limited Company
EAccounting is here to make the annual compliances much more easy, our Mandatory annual Compliances for Private Limited Company entails the following:
- Post Incorporation Compliances
- Appointment of the auditor and submission of form ADT-01 (auditor appointment)
- Creating and submitting the Inc. form 20A (declaration of commencement of business)
- Creating Share certificates (for all shareholders)
- Annual Compliances
- We will file the balance sheet, p&l accounts, audit report for turnover upto 10 lacs, and director's report
- Extraction of annual returns and financial statements (100 transactions) preparation and filing, if provided in an excel sheet
- Completing and submitting form AOC-04 for annual returns (financials related annual return)
- Completing and submitting form MGT-07 for annual returns (Management related annual return)
- Composing and filing the minutes of all AGM
- Filing and preparing income tax returns (company). Secreterial Compliances
- The creation and filing of 7 required registers
- Preparing and submitting MPB-01 (disclosure of interest by directors)
- Creating and submitting the DIR-08 (disclosure of non-disqualification by directors)
- For all the directors KYC Dir-3 will be provided
- Every monthly, quarterly, and annual compliance requirement will be met
- Chartered accountants and a company secretary support all required statutory and secretarial compliances
- Complete business advisory/support services provided by qualified chartered accountants and company secretaries with years of experience
All this starts from ₹12,000 + Taxes & Out of pocket.
Other Compliances for Companies
Apart from the above mentioned company compliances the following should also be completed from time to time at additional fees.
- GST returns, monthly, quarterly, and annual
- Periodic TDS Return Filing
- Calculation of the tax liability in advance
- Income tax return filing for directors
- Tax audit report
- PF returns
Compliances under the Companies Act 2013
A company that has been incorporated in India must follow the Companies Act, 2013:
- The Companies Act of 2013 governs the appointment, qualification, remuneration, and retirement of company directors
- Aspects such as how board meetings and shareholders meetings should be conducted
- The preparation and presentation of annual accounts, as well as the regular upkeep of accounting books.
Process of Filing Annual compliance services
The mandatory annual company compliances that most businesses must meet are as follows. At EAccounting, our qualified chartered accountants, accounting and taxation professionals, and company secretaries will handle all of your company annual compliance needs. We offer the best-in-class legal consultation for your company. Our team will cover the following company compliance requirements as mandated by the Ministry of Corporate Affairs.
Why EAccounting?
When it comes to annual compliance, it is better to leave it to our compliance managers. Yes, our team of in-house chartered accountants and company secretaries can effectively help in all the annual compliances. Get on a call with a business expert and resolve all your queries. Our team will provide a complete road map to the whole process and help you with all the company compliances. All this at affordable prices.