Compliances & Assurance Services
Annual Compliance for Private Company/Section 8 Companies/LLPs/OPC
A Private Company is a legal entity enjoying a separate personality which requires controlling its active status through the regular filing with MCA. For every business, it is compulsory to file an annual return and audited financial reports with MCA for every fiscal year. The RoC filing is necessary irrespective of the turnover, whether it is zero or in crore. Whether a single business is undertaken or none, annual compliances for private limited are compulsory for every certified company. Both the forms are applied to report the activities and financial date for concerned Financial Year. The due terms for annual filing of a company are based on the time of the Annual General Meeting. The perpetual failure may lead to the elimination of the company’s name from RoC’s register, including incompetence of directors. Also, it has been noticed that MCA has actively taken bold measures for dealing with any such failures. The compliances relevant to the company could be segregated into two sections Mandatory Compliances and Event-Based Compliance
TAXPRT ADVISORS PRIVATE LIMITED Compliance Package
The Services which are included in our package are as Follows:
✅ Book Keeping & Accounting
✅ Preparation of Financial Statements
✅ Director’s Report
✅Director’s KYC
✅ Income Tax Return Preparation & Filing
✅ Filing of Form INC 20 A for Commencement of Business
✅ Filing of Form ADT-1
✅ Filing of Form Aoc-4 to ROC
✅ Filing of Form MGt-7 to Roc
FAQ on Private Limited Compliance
Q1. What is e-form ADT-1?
The form ADT-1 is the prescribed e-form through which a company has to file an intimation to the ROC about appointment of the auditor with prescribed fee. The filing of ADT-1 is mandatory if the auditor is appointed by the General Meeting, however in case the appointment is through board of directors meeting the filing of ADT-1 is not necessary.
Q2. What is the time limit for filing the eform ADT-1?
The form ADT-1 has to be filed within 30 Days of the appointment of the auditor.
Q3. What are the Compliances under Companies Act, 2013?
Annual Filing, Disclosure by Directors, Drafting of Annual return, Minutes, notices, various Certifications and updating the Statutory Register.
Q4. Where and when should the Annual General Meeting be conducted?
The AGM has to be conducted at the registered office of the company or at any other place within the city, town or village wherever the registered office is situated. The Meeting should happen during the business hours (9 am-6 pm) on any day that is not a national holiday declared by the Central Government.
Q5. What are the consequences if a company has failed to file the Financial Statements?
Pursuant to Section 134 of the Companies Act 2013 and Rules made thereunder, the company shall be punishable with a fine between Rs. 50,000 and Rs. 25,00,000/- and every officer of the company who is in default shall be punishable with imprisonment for a term which may extend to 3 years or with fine of mimimum Rs. 50,000 and maximum Rs. 5,00,000/- or with both.