Private Limited Annual Filing Services

 

A Private Limited Company is a legal entity formed by a number of shareholders. It has limited liability coverage, and can raise capital from a Venture Capitalist. The company is managed by directors.

A Private Limited Company must keep records of the meetings it holds. Board Meetings must be held at least two times a year. These meetings must be recorded and minutes taken.

A private limited company must also record the annual return. This is a report of the activities of the company during the previous fiscal year. The return must be signed by the management or the secretary of the company.

Annual compliance is mandatory for all companies doing business in India. Even if your company does not make much money, you still need to file the annual return. Failing to do so can have adverse consequences. Failure to meet the compliances could result in the deactivation of the DIN of the directors or the company.

An Annual General Meeting (AGM) is a shareholders' meeting where the shareholders of the company can approve or object to the financial statements of the company. It can be held any time during the business hours.

In addition to holding an AGM, every Private Limited Company is required to file audited balance sheets with the MCA. Each Annual Return must be submitted within 60 days of the Annual General Meeting. Whether the private limited company is large or small, it must comply with the requirements of the Companies Act.