{"id":12473,"date":"2021-05-30T00:31:08","date_gmt":"2021-05-29T19:01:08","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=12473"},"modified":"2023-05-01T22:21:17","modified_gmt":"2023-05-01T16:51:17","slug":"mandatory-annual-compliances-for-a-private-limited-company","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/mandatory-annual-compliances-for-a-private-limited-company\/","title":{"rendered":"Mandatory annual compliances for a Private Limited Company"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d72adb9b5ab\" 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: #000000;color:#000000\" 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: #000000;color:#000000\" 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-69d72adb9b5ab\"  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:\/\/carajput.com\/blog\/mandatory-annual-compliances-for-a-private-limited-company\/#Annual_Compliances_for_a_Private_Limited_Company\" title=\"Annual Compliances for a Private Limited Company\">Annual Compliances for a Private Limited 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:\/\/carajput.com\/blog\/mandatory-annual-compliances-for-a-private-limited-company\/#What_is_a_private_limited_company\" title=\"What is a private limited company?\">What is a private limited company?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/mandatory-annual-compliances-for-a-private-limited-company\/#How_to_Incorporate_a_Private_Limited_Company\" title=\"How to Incorporate a Private Limited Company?\">How to Incorporate a Private Limited Company?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/mandatory-annual-compliances-for-a-private-limited-company\/#First_Board_Meeting\" title=\"First Board Meeting\">First Board Meeting<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/mandatory-annual-compliances-for-a-private-limited-company\/#Subsequent_Board_Meeting\" title=\"Subsequent Board Meeting\">Subsequent Board Meeting<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/mandatory-annual-compliances-for-a-private-limited-company\/#First_Annual_General_Meeting\" title=\"First Annual General Meeting\">First Annual General Meeting<\/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:\/\/carajput.com\/blog\/mandatory-annual-compliances-for-a-private-limited-company\/#Subsequent_Annual_General_Meeting\" title=\"Subsequent Annual General Meeting\">Subsequent Annual General Meeting<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/mandatory-annual-compliances-for-a-private-limited-company\/#Disclosures_of_Interest_by_DirectorsDeclaration\" title=\"Disclosures of Interest by Directors\/Declaration\">Disclosures of Interest by Directors\/Declaration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/mandatory-annual-compliances-for-a-private-limited-company\/#_Appointment_of_First_Auditor\" title=\"\u00a0Appointment of First Auditor\">\u00a0Appointment of First Auditor<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/mandatory-annual-compliances-for-a-private-limited-company\/#Appointment_of_Subsequent_Auditor\" title=\"Appointment of Subsequent Auditor\">Appointment of Subsequent Auditor<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/mandatory-annual-compliances-for-a-private-limited-company\/#Filing_of_Financial_Statements_ie_form_AOC-4\" title=\"Filing of Financial Statements i.e. form AOC-4\">Filing of Financial Statements i.e. form AOC-4<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/carajput.com\/blog\/mandatory-annual-compliances-for-a-private-limited-company\/#Filing_of_Annual_Return_ie_form_MGT-7\" title=\"Filing of Annual Return i.e. form MGT-7\">Filing of Annual Return i.e. form MGT-7<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/carajput.com\/blog\/mandatory-annual-compliances-for-a-private-limited-company\/#Late_Fees_for_Form_MGT-7\" title=\"Late Fees for Form MGT-7\">Late Fees for Form MGT-7<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/carajput.com\/blog\/mandatory-annual-compliances-for-a-private-limited-company\/#Statutory_Audit_of_Accounts\" title=\"Statutory Audit of Accounts\">Statutory Audit of Accounts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/carajput.com\/blog\/mandatory-annual-compliances-for-a-private-limited-company\/#Maintenance_of_Statutory_Registers_Minutes_books_and_records\" title=\"Maintenance of Statutory Registers, Minutes books, and records\">Maintenance of Statutory Registers, Minutes books, and records<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/carajput.com\/blog\/mandatory-annual-compliances-for-a-private-limited-company\/#Statutory_register_for_private_limited_company\" title=\"Statutory register for private limited company\">Statutory register for private limited company<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/carajput.com\/blog\/mandatory-annual-compliances-for-a-private-limited-company\/#Filing_of_Income_Tax_Return_of_Company\" title=\"Filing of Income Tax Return of Company\">Filing of Income Tax Return of Company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/carajput.com\/blog\/mandatory-annual-compliances-for-a-private-limited-company\/#Directors_KYC\" title=\"Directors KYC\">Directors KYC<\/a><\/li><\/ul><\/nav><\/div>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/Mandatory-Annual-Compliances-for-a-Private-Limited-Company..jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-12475\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/Mandatory-Annual-Compliances-for-a-Private-Limited-Company..jpg\" alt=\"Mandatory Annual Compliances for a Private Limited Company\" width=\"978\" height=\"513\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/Mandatory-Annual-Compliances-for-a-Private-Limited-Company..jpg 826w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/Mandatory-Annual-Compliances-for-a-Private-Limited-Company.-300x157.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/Mandatory-Annual-Compliances-for-a-Private-Limited-Company.-768x403.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/Mandatory-Annual-Compliances-for-a-Private-Limited-Company.-800x419.jpg 800w\" sizes=\"(max-width: 978px) 100vw, 978px\" \/><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Annual_Compliances_for_a_Private_Limited_Company\"><\/span><a href=\"https:\/\/www.caindelhiindia.com\/blog\/annual-return-of-company-under-companies-act-2013\/\"><span style=\"color: #000080;\"><strong>Annual Compliances for a Private Limited Company<\/strong><\/span><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"padding-left: 40px;\">This article is all about the annual compliances for a <a href=\"https:\/\/carajput.com\/blog\/tag\/private-limited-company\/\">private limited company,<\/a> before starting the topic there must be a brief understanding of a private limited company:-<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_a_private_limited_company\"><\/span><span style=\"color: #000080;\"><strong>What is a private limited company?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"padding-left: 40px;\">A private limited company is a company that is owned by a small group of individuals or by a group of members called shareholders.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_to_Incorporate_a_Private_Limited_Company\"><\/span><a href=\"https:\/\/www.caindelhiindia.com\/blog\/why-needed-to-register-a-private-limited-company\/\"><span style=\"color: #000080;\"><strong>How to Incorporate a Private Limited Company?<\/strong><\/span><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>There is a stepwise process to incorporate the Private limited company:-<\/p>\n<p style=\"padding-left: 40px;\">Step 1: Submit an application for name approval through \u201cRUN\u201d in MCA Services.<\/p>\n<p style=\"padding-left: 40px;\">Step 2: After approval of the name, the applicant has to prepare the necessary documents<\/p>\n<p style=\"padding-left: 40px;\"><strong><span style=\"color: #ffcc00;\">(INC-9, DIR-2, NOC, office address proof, copy of utility bill, DSC of all directors)<\/span><\/strong><\/p>\n<p style=\"padding-left: 40px;\">Step 3: Fill the information in E-form \u201cSpice\u201d INC-32.<\/p>\n<p style=\"padding-left: 40px;\">Step 4: Drafting Article of Association (AOA) and Memorandum of Association (MOA)<\/p>\n<p style=\"padding-left: 40px;\">Step 5: Fill in the details of PAN and TAN<\/p>\n<p style=\"padding-left: 40px;\">Step 6: If a company wants to apply for GST, IEC in AGILE, fill in the necessary details.<\/p>\n<p style=\"padding-left: 40px;\">Step 7: After all the documents and information, submit the form on MCA.<\/p>\n<p style=\"padding-left: 40px;\">Step 8: Certificate of Incorporation shall be generated with CIN, PAN, and TAN.<\/p>\n<p>After a discussion on what is a private limited company and what is the process to incorporate it, to move forward with the main topic i.e.,<span style=\"color: #ffcc00;\"> <strong><em>annual compliance for private limited companies<\/em><\/strong>.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-17317\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/annual-Compliance.-300x156.png\" alt=\"Annual ROC Compliance\" width=\"727\" height=\"378\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/annual-Compliance.-300x156.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/annual-Compliance.-768x400.png 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/annual-Compliance.-800x417.png 800w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/annual-Compliance..png 867w\" sizes=\"(max-width: 727px) 100vw, 727px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"First_Board_Meeting\"><\/span><span style=\"color: #000080;\"><strong>First Board Meeting<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"padding-left: 40px;\">The board of directors holds a board meeting within 30 days of incorporation of Company.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Subsequent_Board_Meeting\"><\/span><span style=\"color: #000080;\"><strong>Subsequent Board Meeting<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"padding-left: 40px;\">There should be minimum 4 board meetings in a calendar year and the gap is not more than 120 days in between the two meetings.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"First_Annual_General_Meeting\"><\/span><span style=\"color: #000080;\"><strong>First Annual General Meeting<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"padding-left: 40px;\">The first annual general meeting of the company will be held within a period of Nine months from the date of closing of the first financial year.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Subsequent_Annual_General_Meeting\"><\/span><span style=\"color: #000080;\"><strong>Subsequent Annual General Meeting<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"padding-left: 40px;\">The subsequent annual general meeting of the company will be held within a period of six months from the date of closing of the financial year, and the gap between the first annual general meeting and next annual general meeting is not more than fifteen months.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Disclosures_of_Interest_by_DirectorsDeclaration\"><\/span><span style=\"color: #000080;\"><strong>Disclosures of Interest by Directors\/Declaration<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"padding-left: 40px;\">All the Director of the company shall disclose their interest in the Board meeting of the Board in every financial year in form MBP-1 and declaration in form DIR-8.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"_Appointment_of_First_Auditor\"><\/span><strong>\u00a0<\/strong><span style=\"color: #000080;\"><strong>Appointment of First Auditor<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"padding-left: 40px;\">The first auditor is appointed in the Board meeting within 30 days of incorporation. <strong><em>In case of failure, the members should appoint in EGM within 90 days.<\/em><\/strong><\/p>\n<p><strong><em>\u00a0<\/em><\/strong><span style=\"color: #000080;\"><strong><em>Form: ADT-1 is to be filed<\/em><\/strong><\/span><\/p>\n<p style=\"padding-left: 40px;\"><strong><em><span style=\"color: #ffcc00;\">Consequences:<\/span> <\/em><\/strong><em>There is not any financial risk for filing of form ADT-1, in case of appointment of the first auditor, i.e., it is the choice of the company to file it or not.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Appointment_of_Subsequent_Auditor\"><\/span><span style=\"color: #000080;\"><strong>Appointment of Subsequent Auditor<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"padding-left: 40px;\">The subsequent auditor is appointed in the annual general meeting for the next 5 years and the company should inform the ROC within 15 days from the date of AGM.<\/p>\n<p><span style=\"color: #000080;\"><strong>Filing of form ADT-1<\/strong><\/span><\/p>\n<p style=\"padding-left: 40px;\">The company should inform the ROC within 15 days from the date of appointment of the Auditor with the filing of Form ADT-1.<\/p>\n<p><span style=\"color: #000080;\"><strong><em>Form: ADT-1 is to be filed<\/em><\/strong><\/span><\/p>\n<p><span style=\"color: #ff9900;\"><strong><em>Consequences:<\/em><\/strong><\/span><em> If the company does not file the ADT-1 on time, it will impact the financial position of the company.<\/em><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-17995\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/calender-compliance_-300x168.jpg\" alt=\"ROC calendrer compliance\" width=\"814\" height=\"456\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/calender-compliance_-300x168.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/calender-compliance_-1024x575.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/calender-compliance_-768x431.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/calender-compliance_-1536x863.jpg 1536w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/calender-compliance_-800x449.jpg 800w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/calender-compliance_.jpg 1599w\" sizes=\"(max-width: 814px) 100vw, 814px\" \/><\/p>\n<table style=\"height: 509px;\" width=\"892\">\n<tbody>\n<tr>\n<td colspan=\"2\" width=\"257\"><strong>Fee for filing Form ADT-1<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"172\"><span style=\"color: #ff9900;\"><strong>Share Capital of Company<\/strong><\/span><\/td>\n<td width=\"85\"><span style=\"color: #ff9900;\"><strong>Fees (Rs.)<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"172\">Less than 1,00,000<\/td>\n<td width=\"85\">200<\/td>\n<\/tr>\n<tr>\n<td width=\"172\">1,00,000 to 4,99,999<\/td>\n<td width=\"85\">300<\/td>\n<\/tr>\n<tr>\n<td width=\"172\">5,00,000 to 24,99,999<\/td>\n<td width=\"85\">400<\/td>\n<\/tr>\n<tr>\n<td width=\"172\">25,00,000 to 99,99,999<\/td>\n<td width=\"85\">500<\/td>\n<\/tr>\n<tr>\n<td width=\"172\">1,00,00,000 or more<\/td>\n<td width=\"85\">600<\/td>\n<\/tr>\n<tr>\n<td width=\"172\">Not having capital<\/td>\n<td width=\"85\">200<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table style=\"height: 425px;\" width=\"896\">\n<tbody>\n<tr>\n<td colspan=\"2\" width=\"359\"><strong><span style=\"color: #000080;\">Penalty for non-filing of Form ADT-1<\/span><\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"189\"><strong><span style=\"color: #ff9900;\">Delay in Filing (No. of days)<\/span><\/strong><\/td>\n<td width=\"170\"><strong><span style=\"color: #ff9900;\">Penalty (Rs.)<\/span><\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"189\">Up to 30 days<\/td>\n<td width=\"170\">2 times of Normal fees<\/td>\n<\/tr>\n<tr>\n<td width=\"189\">More than 30 to 60 days<\/td>\n<td width=\"170\">4 times Normal fees<\/td>\n<\/tr>\n<tr>\n<td width=\"189\">More than 60 to 90 days<\/td>\n<td width=\"170\">6 times Normal fees<\/td>\n<\/tr>\n<tr>\n<td width=\"189\">More than 90 to 180 days<\/td>\n<td width=\"170\">10 times of Normal fees<\/td>\n<\/tr>\n<tr>\n<td width=\"189\">More than 180 days<\/td>\n<td width=\"170\">12 times of Normal fees<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Filing_of_Financial_Statements_ie_form_AOC-4\"><\/span><span style=\"color: #000080;\"><strong>Filing of Financial Statements i.e. form AOC-4<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"padding-left: 40px;\">The company must file the form AOC-4 (Financial Statements) within thirty days from the date of Annual General Meeting (AGM).<\/p>\n<p><span style=\"color: #000080;\"><strong><em>Form: AOC-4 is to be filed<\/em><\/strong><\/span><\/p>\n<table style=\"height: 315px;\" width=\"889\">\n<tbody>\n<tr>\n<td colspan=\"2\" width=\"329\"><span style=\"color: #000080;\"><strong>Late Fees for Form AOC-4<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"177\"><span style=\"color: #ff9900;\">Period of Delay<\/span><\/td>\n<td width=\"151\"><span style=\"color: #ff9900;\">Additional Fees (Rs.)<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"177\">Delay beyond the due dates to file AOC 4<\/td>\n<td width=\"151\">100 per day<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"329\"><strong><span style=\"color: #ff9900;\">Note:<\/span><\/strong> In case of delay in filing the annual returns\/balance sheet\/financial statement the following fees is applicable:<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"color: #ff9900;\"><strong><em>Consequences: <\/em><\/strong><\/span><em>If the company not filed the AOC-4 on time, it will impact the financial position of the company.<\/em><\/p>\n<table style=\"height: 444px;\" width=\"886\">\n<tbody>\n<tr>\n<td colspan=\"2\" width=\"284\"><span style=\"color: #000080;\"><strong>Fee for filing Form AOC-4<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"172\"><span style=\"color: #ff9900;\"><strong>Share Capital of Company<\/strong><\/span><\/td>\n<td width=\"111\"><span style=\"color: #ff9900;\"><strong>Fees (Rs.)<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"172\">Less than 1,00,000<\/td>\n<td width=\"111\">200<\/td>\n<\/tr>\n<tr>\n<td width=\"172\">1,00,000 to 4,99,999<\/td>\n<td width=\"111\">300<\/td>\n<\/tr>\n<tr>\n<td width=\"172\">5,00,000 to 24,99,999<\/td>\n<td width=\"111\">400<\/td>\n<\/tr>\n<tr>\n<td width=\"172\">25,00,000 to 99,99,999<\/td>\n<td width=\"111\">500<\/td>\n<\/tr>\n<tr>\n<td width=\"172\">1,00,00,000 or more<\/td>\n<td width=\"111\">600<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table style=\"height: 528px;\" width=\"887\">\n<tbody>\n<tr>\n<td colspan=\"2\" width=\"631\"><span style=\"color: #000080;\"><strong>Late Fees for non-filing of Form AOC-4<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"414\"><strong><span style=\"color: #ff9900;\">Delay in Filing (No. of days)<\/span><\/strong><\/td>\n<td width=\"217\"><strong><span style=\"color: #ff9900;\">Additional fees (Rs.)<\/span><\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"414\">Up to 30 days<\/td>\n<td width=\"217\">2 times of Normal fees<\/td>\n<\/tr>\n<tr>\n<td width=\"414\">More than 30 to 60 days<\/td>\n<td width=\"217\">4 times of Normal fees<\/td>\n<\/tr>\n<tr>\n<td width=\"414\">More than 60 to 90 days<\/td>\n<td width=\"217\">6 times of Normal fees<\/td>\n<\/tr>\n<tr>\n<td width=\"414\">More than 90 to 180 days<\/td>\n<td width=\"217\">10 times of Normal fees<\/td>\n<\/tr>\n<tr>\n<td width=\"414\">More than 180 days<\/td>\n<td width=\"217\">12 times of Normal fees<\/td>\n<\/tr>\n<tr>\n<td style=\"padding-left: 40px;\" colspan=\"2\" width=\"631\"><span style=\"color: #ff9900;\"><strong>Note:<\/strong><\/span> In case of delay in filing the belated annual returns\/balance sheet\/financial statement the following fees is applicable:<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table style=\"height: 461px;\" width=\"883\">\n<tbody>\n<tr>\n<td colspan=\"2\" width=\"633\"><span style=\"color: #000080;\"><strong>Penalty for non-filing Form AOC-4<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"410\"><strong><span style=\"color: #ff9900;\">Defaulting Party<\/span><\/strong><\/td>\n<td width=\"223\"><strong><span style=\"color: #ff9900;\">Penalty Imposed<\/span><\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"410\">Company<\/td>\n<td width=\"223\">Rs.1000 for every day subject to a maximum of Rs.10 Lakhs<\/td>\n<\/tr>\n<tr>\n<td width=\"410\">\n<p style=\"padding-left: 40px;\">1. Managing Director\/Chief Financial Officer<\/p>\n<p style=\"padding-left: 40px;\">2. In the absence of the Managing Director\/Chief Financial Officer-Any any other Director who the Board assigns the responsibility.<\/p>\n<p style=\"padding-left: 40px;\">3. In case of the absence of any such Director-All directors of the company<\/p>\n<\/td>\n<td style=\"padding-left: 40px;\" width=\"223\">Rs.1 Lakh + Rs.100 per day of subject to a maximum of Rs.5 Lakhs<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Filing_of_Annual_Return_ie_form_MGT-7\"><\/span><span style=\"color: #000080;\"><strong>Filing of Annual Return i.e. form MGT-7<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"padding-left: 40px;\">The company must file the form MGT-7 (Annual Return) within sixty days from the date of Annual General Meeting (AGM).<\/p>\n<p><span style=\"color: #000080;\"><strong><em>Form: MGT-7 is to be filed<\/em><\/strong><\/span><\/p>\n<p style=\"padding-left: 40px;\"><span style=\"color: #ff9900;\"><strong><em>Consequences: <\/em><\/strong><\/span><em>If the company not filed the MGT-7 on time, it will impact the financial position of the company.<\/em><\/p>\n<table style=\"height: 448px;\" width=\"871\">\n<tbody>\n<tr>\n<td colspan=\"2\" width=\"274\"><span style=\"color: #000080;\"><strong>Fee for filing Form MGT-7<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"172\"><span style=\"color: #ff9900;\">Share Capital of Company<\/span><\/td>\n<td width=\"102\"><span style=\"color: #ff9900;\">Fees (Rs.)<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"172\">Less than 1,00,000<\/td>\n<td width=\"102\"><strong>200<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"172\">1,00,000 to 4,99,999<\/td>\n<td width=\"102\">300<\/td>\n<\/tr>\n<tr>\n<td width=\"172\">5,00,000 to 24,99,999<\/td>\n<td width=\"102\"><strong>400<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"172\">25,00,000 to 99,99,999<\/td>\n<td width=\"102\">500<\/td>\n<\/tr>\n<tr>\n<td width=\"172\">1,00,00,000 or more<\/td>\n<td width=\"102\"><strong>600<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table style=\"height: 383px;\" width=\"868\">\n<tbody>\n<tr>\n<td colspan=\"2\" width=\"329\">\n<h4><span class=\"ez-toc-section\" id=\"Late_Fees_for_Form_MGT-7\"><\/span><span style=\"color: #000080;\">Late Fees for Form MGT-7<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"177\"><span style=\"color: #ff9900;\"><strong>Period of Delay<\/strong><\/span><\/td>\n<td width=\"151\"><span style=\"color: #ff9900;\"><strong>Additional Fees (Rs.)<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"177\">Delay beyond the due dates to file MGT-7<\/td>\n<td width=\"151\"><strong>100 per day<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"329\"><span style=\"color: #000080;\"><strong><em>Note: In case of delay in filing the annual returns the company is required to pay the penalty.<\/em><\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Statutory_Audit_of_Accounts\"><\/span><span style=\"color: #000080;\"><strong>Statutory Audit of Accounts<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"padding-left: 40px;\">The company is required to prepare the financial statement (Balance Sheet, Profit &amp; Loss) and must be audited by a Chartered Accountant every year.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Maintenance_of_Statutory_Registers_Minutes_books_and_records\"><\/span><span style=\"color: #000080;\"><strong>Maintenance of Statutory Registers, Minutes books, and records<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>All the Companies are advised to prepare a few statutory registers in the prescribed format such as the register of members, register of charges, register of directors and KMP, register of loan and guarantee etc. Minutes of Board meeting and general meeting, Attendance Register, Books of Accounts, etc. are to be maintained.<\/p>\n<h3 id=\"exacc_oWa9YuPfDb3e4-EPmduqiA05\" class=\"iDjcJe IX9Lgd wwB5gf\" aria-hidden=\"true\"><span class=\"ez-toc-section\" id=\"Statutory_register_for_private_limited_company\"><\/span><a href=\"https:\/\/carajput.com\/publications\/statutory-records-or-registers-required-to-be-maintain-by-pvt-ltd-co.pdf\"><span style=\"color: #000080;\">Statutory register for private limited company<\/span><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h2><span class=\"ez-toc-section\" id=\"Filing_of_Income_Tax_Return_of_Company\"><\/span><span style=\"color: #000080;\"><strong>Filing of Income Tax Return of Company<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"height: 271px;\" width=\"874\">\n<tbody>\n<tr>\n<td width=\"359\"><span style=\"color: #000080;\"><strong>Particulars<\/strong><\/span><\/td>\n<td width=\"132\"><span style=\"color: #000080;\"><strong>Existing due date<\/strong><\/span><\/td>\n<td width=\"140\"><span style=\"color: #000080;\"><strong>Extended due date<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"359\">Where tax audit \/ statutory audit \/ another audit under income tax act is applicable.<\/td>\n<td width=\"132\">30.10.2021<\/td>\n<td width=\"140\">30.11.2021<\/td>\n<\/tr>\n<tr>\n<td width=\"359\">Where Transfer Pricing provisions are applicable<\/td>\n<td width=\"132\">30.11.2021<\/td>\n<td width=\"140\">31.12.2021<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Directors_KYC\"><\/span><span style=\"color: #000080;\"><strong>Directors KYC<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"padding-left: 40px;\">Every director of the company must do their KYC every year. The director KYC must do before 30th September from the end of every financial year.<\/p>\n<p><span style=\"color: #000080;\"><strong><em>Form: DIR-3 KYC <\/em><\/strong><\/span><\/p>\n<p style=\"padding-left: 40px;\"><span style=\"color: #000080;\"><strong><em>Consequences: <\/em><\/strong><\/span><em>De-activation of DIN and Penalty of Rs.5,000\/- per director.<\/em><\/p>\n<p><span style=\"color: #000080;\"><strong>E-Form MSME-I<\/strong><\/span><\/p>\n<p style=\"padding-left: 40px;\">If the company has outstanding payments dues to micro and small enterprises and in case the payment of the same is pending beyond 45 days, then the Company has to furnish details as per the following timeline:<\/p>\n<p style=\"padding-left: 40px;\">For April to September by 31st\u00a0October<\/p>\n<p style=\"padding-left: 40px;\">For October to March by 30th\u00a0April<\/p>\n<p><span style=\"color: #000080;\"><strong><em>Form: MSME-I to be filed<\/em><\/strong><\/span><\/p>\n<p style=\"padding-left: 40px;\"><strong><em><span style=\"color: #000080;\">Consequences:<\/span> <\/em><\/strong><em>Non-compliance will lead to punishment and penalty under the provision of the Companies Act.<\/em><\/p>\n<p><span style=\"color: #000080;\"><strong>E-Form DPT-3<\/strong><\/span><\/p>\n<p style=\"padding-left: 40px;\">Every company if having any outstanding loan as on 31st\u00a0March of every financial year has to give details and breakup of such outstanding amount irrespective of the fact whether such amount is falling under the definition of deposit or not by 30th\u00a0June<\/p>\n<p><span style=\"color: #000080;\"><strong><em>Form: DPT-3 to be filed<\/em><\/strong><\/span><\/p>\n<p style=\"padding-left: 40px;\"><span style=\"color: #000080;\"><strong><em>Consequences: <\/em><\/strong><\/span><em>Non-compliance will lead to punishment and penalty under the provision of the Companies Act.<\/em><\/p>\n<table style=\"height: 451px;\" width=\"853\">\n<tbody>\n<tr>\n<td colspan=\"2\" width=\"357\"><span style=\"color: #000080;\"><strong>Penalty for non-filing of Form DPT-3<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"187\"><span style=\"color: #ff9900;\"><strong>Delay in Filing (No. of days)<\/strong><\/span><\/td>\n<td width=\"170\"><span style=\"color: #ff9900;\"><strong>Penalty (Rs.)<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"187\">Up to 30 days<\/td>\n<td width=\"170\">2 times of Normal fees<\/td>\n<\/tr>\n<tr>\n<td width=\"187\">More than 30 to 60 days<\/td>\n<td width=\"170\">4 times of Normal fees<\/td>\n<\/tr>\n<tr>\n<td width=\"187\">More than 60 to 90 days<\/td>\n<td width=\"170\">6 times of Normal fees<\/td>\n<\/tr>\n<tr>\n<td width=\"187\">More than 90 to 180 days<\/td>\n<td width=\"170\">10 times of Normal fees<\/td>\n<\/tr>\n<tr>\n<td width=\"187\">More than 180 days<\/td>\n<td width=\"170\">12 times of Normal fees<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table style=\"height: 485px;\" width=\"856\">\n<tbody>\n<tr>\n<td colspan=\"2\" width=\"265\"><span style=\"color: #000080;\"><strong>Fee for filing Form DPT-3<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"180\"><span style=\"color: #ff9900;\"><strong>Share Capital of Company<\/strong><\/span><\/td>\n<td width=\"85\"><span style=\"color: #ff9900;\"><strong>Fees (Rs.)<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"180\">Less than 1,00,000<\/td>\n<td width=\"85\">200<\/td>\n<\/tr>\n<tr>\n<td width=\"180\">1,00,000 to 4,99,999<\/td>\n<td width=\"85\">300<\/td>\n<\/tr>\n<tr>\n<td width=\"180\">5,00,000 to 24,99,999<\/td>\n<td width=\"85\">400<\/td>\n<\/tr>\n<tr>\n<td width=\"180\">25,00,000 to 99,99,999<\/td>\n<td width=\"85\">500<\/td>\n<\/tr>\n<tr>\n<td width=\"180\">1,00,00,000 or more<\/td>\n<td width=\"85\">600<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><a href=\"https:\/\/carajput.com\/blog\/mandatory-annual-compliances-for-a-private-limited-company\/annual-complaince-due-date\/\" rel=\"attachment wp-att-13951\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-13951\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/annual-Complaince-due-date-.jpg\" alt=\"annual Compliance due date 2021\" width=\"910\" height=\"1023\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/annual-Complaince-due-date-.jpg 910w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/annual-Complaince-due-date--267x300.jpg 267w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/annual-Complaince-due-date--768x863.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/annual-Complaince-due-date--800x899.jpg 800w\" sizes=\"(max-width: 910px) 100vw, 910px\" \/><\/a><\/p>\n<p>Popular Blog:-<\/p>\n<p><a href=\"https:\/\/carajput.com\/blog\/key-highlights-of-racp-bill-2020-and-companies-amendment-bill2020\/\">\u00a0Key Highlights of RACP Bill, 2020 and Companies (Amendment) Bill,2020<\/a><\/p>\n<p><a href=\"https:\/\/carajput.com\/blog\/summary-of-new-mca-official-updates-under-the-company-act-2013\/\"><strong>\u00a0<\/strong>Summary of New MCA official updates under the Company Act 20<\/a><\/p>\n<p><a href=\"https:\/\/carajput.com\/blog\/new-online-filing-eform-dir-3-ekyc-directors-for-fy-2019-20\/\"><strong>New Online filing eForm DIR-3 eKYC Directors<\/strong><\/a><\/p>\n<p><strong><a href=\"https:\/\/carajput.com\/blog\/closure-of-subsidiary-company\/\">CLOSURE OF SUBSIDIARY COMPANY<\/a><\/strong><\/p>\n<p><strong><a href=\"https:\/\/carajput.com\/blog\/compliance-for-foreign-subsidiary-companies-in-india\/\">Compliance for Foreign Subsidiary Companies in India<\/a><\/strong><\/p>\n<p><a href=\"https:\/\/carajput.com\/blog\/key-highlights-of-racp-bill-2020-and-companies-amendment-bill2020\/\">\u00a0Key Highlights of RACP Bill, 2020 and Companies (Amendment) Bill,2020<\/a><\/p>\n<p><a href=\"https:\/\/carajput.com\/blog\/summary-of-new-mca-official-updates-under-the-company-act-2013\/\"><strong>\u00a0<\/strong>Summary of New MCA official updates under the Company Act 20<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Annual Compliances for a Private Limited Company This article is all about the annual compliances for a private limited company, before starting the topic there must be a brief understanding of a private limited company:- What is a private limited company? A private limited company is a company that is owned by a small group &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[9919],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/12473"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=12473"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/12473\/revisions"}],"predecessor-version":[{"id":24454,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/12473\/revisions\/24454"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=12473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=12473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=12473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}