{"id":3469,"date":"2017-12-09T11:25:57","date_gmt":"2017-12-09T05:55:57","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=3469"},"modified":"2021-11-10T13:15:05","modified_gmt":"2021-11-10T07:45:05","slug":"mandatory-private-ltd-co-common-compliances-ensure","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/mandatory-private-ltd-co-common-compliances-ensure\/","title":{"rendered":"Mandatory Private Ltd Co. Common Compliance&#8217;s Ensure"},"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-69d317af7a1f7\" 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-69d317af7a1f7\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-2'><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/mandatory-private-ltd-co-common-compliances-ensure\/#Mandatory_Private_Ltd_Co_Common_Compliances_Ensure\" title=\"Mandatory Private Ltd Co. Common Compliance&#8217;s Ensure\">Mandatory Private Ltd Co. Common Compliance&#8217;s Ensure<\/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-private-ltd-co-common-compliances-ensure\/#REQUIREMENTS_OF_PRIVATE_LIMITED_COMPANY_REGISTRATION\" title=\"REQUIREMENTS OF PRIVATE LIMITED COMPANY REGISTRATION\u00a0\">REQUIREMENTS OF PRIVATE LIMITED COMPANY REGISTRATION\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/mandatory-private-ltd-co-common-compliances-ensure\/#COMPLETE_FILING_OF_YOUR_COMPANY_ROC_ANNUAL_COMPLIANCE-_COMMON_COMPLIANCES_WHICH_A_PRIVATE_LIMITED_COMPANY_HAS_TO_MANDATORILY_ENSURE-_TIME_IS_RUNNING_OUT-_%E2%80%93\" title=\"COMPLETE FILING OF YOUR COMPANY \u00a0ROC ANNUAL COMPLIANCE- COMMON COMPLIANCE&#8217;S WHICH A PRIVATE LIMITED COMPANY HAS TO MANDATORILY ENSURE- TIME IS RUNNING OUT-: &#8211;\">COMPLETE FILING OF YOUR COMPANY \u00a0ROC ANNUAL COMPLIANCE- COMMON COMPLIANCE&#8217;S WHICH A PRIVATE LIMITED COMPANY HAS TO MANDATORILY ENSURE- TIME IS RUNNING OUT-: &#8211;<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/mandatory-private-ltd-co-common-compliances-ensure\/#ANNUAL_COMPLIANCES\" title=\"ANNUAL COMPLIANCES\">ANNUAL COMPLIANCES<\/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-private-ltd-co-common-compliances-ensure\/#Non-Compliance\" title=\"Non-Compliance;\">Non-Compliance;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/mandatory-private-ltd-co-common-compliances-ensure\/#FAQ_ON_ANNUAL_COMPLIANCES\" title=\"FAQ ON ANNUAL COMPLIANCES\">FAQ ON ANNUAL COMPLIANCES<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/mandatory-private-ltd-co-common-compliances-ensure\/#Rajput_Jain_Associates_wwwcarajputcom\" title=\"Rajput Jain &amp; Associates (www.carajput.com)\">Rajput Jain &amp; Associates (www.carajput.com)<\/a><\/li><\/ul><\/nav><\/div>\n<figure id=\"attachment_8872\" aria-describedby=\"caption-attachment-8872\" style=\"width: 872px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/12\/Brass_Finishing_Building_Standard_Sanitary_Manufacturing_Company.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-8872\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/12\/Brass_Finishing_Building_Standard_Sanitary_Manufacturing_Company-1024x681.jpg\" alt=\"www.carajput.com; PRivate Limited Company\" width=\"872\" height=\"580\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/12\/Brass_Finishing_Building_Standard_Sanitary_Manufacturing_Company-1024x681.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/12\/Brass_Finishing_Building_Standard_Sanitary_Manufacturing_Company-300x199.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/12\/Brass_Finishing_Building_Standard_Sanitary_Manufacturing_Company-768x511.jpg 768w\" sizes=\"(max-width: 872px) 100vw, 872px\" \/><\/a><figcaption id=\"caption-attachment-8872\" class=\"wp-caption-text\">www.carajput.com; PRivate Limited Company<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Mandatory_Private_Ltd_Co_Common_Compliances_Ensure\"><\/span><span style=\"color: #000080;\">Mandatory Private Ltd Co. Common Compliance&#8217;s Ensure<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A private limited company is held for small-run businesses.<\/p>\n<p>It has a perpetual succession the liability of the members is limited by the number of shares held by the members. Name of the private company end with the words private limited.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"REQUIREMENTS_OF_PRIVATE_LIMITED_COMPANY_REGISTRATION\"><\/span><span style=\"color: #000080;\"><strong><em><u>REQUIREMENTS OF PRIVATE LIMITED COMPANY REGISTRATION\u00a0<\/u><\/em><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li>Minimum 2 and maximum 200 members are required for making a private limited company.<\/li>\n<li>In This case\u00a0 Minimum 2 directors are required for making a private limited company.<\/li>\n<li>The company must make one registered office address.<\/li>\n<li>Company shall register his permanent address to the registrar until the permanent address is not established company shall provide the temporary address.<\/li>\n<li>It shall send 1 or 2 names for approval to the registrar. All names shall be unique and not resemble any other company.<\/li>\n<li>Every company shall obtain a digital signature certificate (DSC) which is used to verify the documents.<\/li>\n<li>copy of PAN card of shareholders\/ directors with Passport copy in case NRI subscribers.<\/li>\n<li>This needs various professional company secretaries, chartered accountants, cost accountant<\/li>\n<\/ol>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/12\/download-111.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-11167\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/12\/download-111.jpg\" alt=\"\" width=\"712\" height=\"373\" \/><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"COMPLETE_FILING_OF_YOUR_COMPANY_ROC_ANNUAL_COMPLIANCE-_COMMON_COMPLIANCES_WHICH_A_PRIVATE_LIMITED_COMPANY_HAS_TO_MANDATORILY_ENSURE-_TIME_IS_RUNNING_OUT-_%E2%80%93\"><\/span><span style=\"color: #000080;\"><strong>COMPLETE FILING OF YOUR COMPANY \u00a0ROC ANNUAL COMPLIANCE- COMMON COMPLIANCE&#8217;S WHICH A <a style=\"color: #000080;\" href=\"https:\/\/carajput.com\/services\/private-limited-company-registration.php\">PRIVATE LIMITED COMPANY<\/a> HAS TO MANDATORILY ENSURE- TIME IS RUNNING OUT-: &#8211;<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/12\/images-12.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-11165\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/12\/images-12.jpg\" alt=\"\" width=\"672\" height=\"445\" \/><\/a><\/p>\n<p>While you are busy planning the business strategies, there are various compliance&#8217;s which are required to be followed once your business is incorporated.<\/p>\n<p>Managing the day-to-day operations of your business along with complying with the corporate laws can be a little taxing for any entrepreneur.<\/p>\n<p>Hence, it is essential to take the help of a professional and also understand such legal requirements to ensure timely fulfillment of compliance&#8217;s, without any levy of interest or penalty.<\/p>\n<p><strong>\u00a0<\/strong><strong>If You are <a href=\"https:\/\/carajput.com\/services\/private-limited-company-registration.php\">Private Limited<\/a> \/ <a href=\"https:\/\/carajput.com\/services\/public-limited-company-registration.php\">Public Limited Company<\/a> or <a href=\"https:\/\/www.caindelhiindia.com\/blog\/llp-amendment-bill-2021\/\">LLP<\/a>:<\/strong><\/p>\n<p><strong><span style=\"text-decoration: underline;\">We have elaborated below some of the common compliance&#8217;s which a private limited company has to mandatorily ensure:<\/span><\/strong><\/p>\n<p><strong>Compliance Requirement- Description and Timeline<\/strong><\/p>\n<p>more updates for related blogs are:<\/p>\n<ul>\n<li><em><a href=\"https:\/\/carajput.com\/blog\/procedures-for-conversion-of-partnership-firm-to-private-company\/\">Procedures for the conversion of partnership firm into Private limited company<\/a><\/em><\/li>\n<li><em><a href=\"https:\/\/carajput.com\/blog\/conversion-of-llp-into-company-limited-by-shares\/\">Conversion of LLP into Company Limited by Shares<\/a><\/em><\/li>\n<li><em><a href=\"https:\/\/carajput.com\/blog\/everything-that-you-need-to-know-about-limited-liability-partnership\/\">Everything that you need to know about LLP<\/a><\/em><\/li>\n<li><em><a href=\"https:\/\/carajput.com\/blog\/key-takeaways-on-conversion-of-partnership-firm-into-llp\/\">Key takeaway on the conversion of LLP\u00a0 \u00a0 <\/a><\/em><\/li>\n<li><em><a href=\"https:\/\/carajput.com\/blog\/limited-liability-partnership-llps-requirements-at-the-time-of-incorporation\/\">LLP Incorporation and Annual Compliances<\/a><\/em><\/li>\n<li><em><a href=\"https:\/\/carajput.com\/blog\/major-compliances-due-date-of-annual-filings-of-every-limited-liability-partnerships-llps-for-the-year-2017-18\/\">Post-Incorporation Compliances Filling of LLP<\/a><\/em><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"ANNUAL_COMPLIANCES\"><\/span><strong><em><u>ANNUAL COMPLIANCES<\/u><\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li>The first auditor of the company should be appointed within 30 days of the incorporation. Filing of ADT \u2013 1 is mandatory.<\/li>\n<li>Appointment of Auditor- Auditor will be appointed for the 5 (Five) years and form ADT-1 will be filed for a 5-year appointment. Appointment of Auditor- within one month.<\/li>\n<li>Board of Directors shall appoint an auditor at the first annual general meeting till the conclusion of the 6<sup>th<\/sup> annual general meeting.<\/li>\n<li>Holding Annual General Meeting- It is mandatory\u00a0for\u00a0every Private Limited Company Company to hold an AGM in every Calendar Year. Companies are\u00a0required\u00a0to hold their AGM within a period of six months, from the date of closing of the Financial Year.<\/li>\n<li>Every private company under section 184(1) is required to obtain MBP \u2013 1 from the director. Every director of the company at the first meeting of the board shall disclose his interest in another entity.<\/li>\n<li>As per section 164(2), it is required to give yearly DIR \u2013 2 a disclosure of nondisqualification to the companies.<\/li>\n<li>Private limited company-<\/li>\n<\/ol>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"text-align: left;\">Paid-up share capital 10 cr. Or more<\/li>\n<li style=\"text-align: left;\">Turnover of 550 cr. Or more<\/li>\n<li style=\"text-align: left;\">Shall require to file MGT \u2013 8 from the company secretary<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ol start=\"5\">\n<li>If any private limited company has any outstanding loans, deposits at the end of the financial year are required to file DPT \u2013 3 before 30<sup>th<\/sup> June of the next financial year from the year of outstanding loans or deposits.<\/li>\n<li>MSME \u2013 1 every private company is required to file every half year within 30 days of the end of half-year.<\/li>\n<li>director of the company who is having DIN no. is required to file e \u2013 form DIR \u2013 3 KYC till 30 September every year.<\/li>\n<li>Return of director or KMP is filed with ROC in FORM DIR \u2013 12 within 30 days of appointment.<\/li>\n<li>Every private company is required to file a director&#8217;s report,\u00a0 Preparation of Directors\u2019 Report- Directors\u2019 Report will be prepared with a mention of all the information\u00a0required\u00a0under Section 134.<\/li>\n<li>Every private limited required to meet at least one general meeting of the shareholders<\/li>\n<li>Maintain a register of members<\/li>\n<\/ol>\n<ol start=\"12\">\n<li>Maintain a register of director<\/li>\n<li>Maintain Register of key managerial<\/li>\n<li>Register of share transfer<\/li>\n<\/ol>\n<ol start=\"15\">\n<li>Maintain Register of related party<\/li>\n<li>Lastly Register of investment.<\/li>\n<li><a href=\"https:\/\/carajput.com\/statuatory-audit.php\">Statutory Audit<\/a> of Accounts- Every Company shall prepare its Accounts and get the same audited by a Chartered Accountant at the end of the Financial Year compulsorily.<\/li>\n<li>The Auditor shall provide an Audit Report and the Audited Financial Statements for the purpose of filing it with the Registrar.<\/li>\n<\/ol>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/12\/AOC.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-11170\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/12\/AOC.jpg\" alt=\"\" width=\"798\" height=\"599\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/12\/AOC.jpg 731w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/12\/AOC-300x225.jpg 300w\" sizes=\"(max-width: 798px) 100vw, 798px\" \/><\/a><\/p>\n<ol start=\"15\">\n<li>AOC \u2013 4 filing of a financial statement within 30 days of the annual general meeting to the registrar of companies.<\/li>\n<li>The director&#8217;s report is filed along with the form AOC \u2013 4 within 30 days of the annual general meeting. Filing\u00a0of Annual Return (Form MGT-7)- within 60 days<\/li>\n<li>Filing of Financial Statements (Form AOC-4)- within 30 days.<\/li>\n<li>\u00a0Under section 92 every private company is required to file MGT \u2013 7 to the registrar of companies within 60 days of the annual general meeting.<\/li>\n<\/ol>\n<p><strong><span style=\"text-decoration: underline;\">Besides this. Do you know?<\/span><\/strong><\/p>\n<ul>\n<li>Being a Pvt Ltd Company \/ LLP you are liable\u00a0for\u00a0paying Profession Tax of Company, Directors &amp; Employees from the 1<sup>st<\/sup>day of company inception.<\/li>\n<li>You are liable\u00a0for\u00a0deducting TDS in various rates applicable\u00a0for\u00a0various slabs from 1<sup>st<\/sup><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Non-Compliance\"><\/span><strong><span style=\"text-decoration: underline;\">Non-Compliance;<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If a Company fails to comply with the rules and regulations of the Companies Act, then the Company and every officer who is in default shall be punishable with a fine for the period for which default continues.<\/p>\n<p>There is a delay in any filing, then additional government fees is required to be paid, which keeps on increasing as the time period of non-compliance increases.<\/p>\n<p><strong><span style=\"text-decoration: underline;\">Please take note of this very important proposed amendment in the companies act.<\/span><\/strong><strong>\u00a0<\/strong>This is passed by Lok Sabha and presented to Rajysabha.<\/p>\n<p>Once it is passed, for the annual return and balance sheet late fees will be Rs. 100 per day. And if there is a repeat default (means for more than one year) for a second-year late fee will be Rs. 200 per day.<\/p>\n<p>If any company has not filed returns for 2015-16 or for earlier years; the late fee perform will be a minimum of 36500 per year. We need to file all old returns before this amendment gets passed.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"FAQ_ON_ANNUAL_COMPLIANCES\"><\/span><span style=\"color: #000080;\"><strong><em><u>FAQ ON ANNUAL COMPLIANCES<\/u><\/em><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #000080;\">Q1- in how many days AOC \u2013 4 shall be filed by the private limited company?<\/span><\/p>\n<p>Ans.- within 30 days of holding of annual general meeting AOC \u2013 4 shall be filed.<\/p>\n<p><span style=\"color: #000080;\">Q2- within how many days of incorporation auditor should be appointed by the company?<\/span><\/p>\n<p>Ans.-within 30 days of the incorporation auditor shall be appointed by the company.<\/p>\n<p><span style=\"color: #000080;\">Q3- in which form shall directors disclose their interest to the company?<\/span><\/p>\n<p>Ans- MBP \u2013 1 is to be filed by the director to disclose his interest to the company.<\/p>\n<h1><span class=\"ez-toc-section\" id=\"Rajput_Jain_Associates_wwwcarajputcom\"><\/span><strong><a href=\"https:\/\/carajput.com\/\">Rajput Jain &amp; Associates<\/a> (<a href=\"https:\/\/carajput.com\">www.carajput.com<\/a><\/strong><strong>)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n","protected":false},"excerpt":{"rendered":"<p>Mandatory Private Ltd Co. Common Compliance&#8217;s Ensure A private limited company is held for small-run businesses. It has a perpetual succession the liability of the members is limited by the number of shares held by the members. Name of the private company end with the words private limited. REQUIREMENTS OF PRIVATE LIMITED COMPANY REGISTRATION\u00a0 Minimum &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9027],"tags":[479,608,476,607],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3469"}],"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=3469"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3469\/revisions"}],"predecessor-version":[{"id":3547,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3469\/revisions\/3547"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=3469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=3469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=3469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}