Private Limited Company Annual Compliance Checklist
Every Private Limited Company must meet a set of annual requirements under the Companies Act and income tax law, even if it had no business during the year. Missing them leads to daily late fees and, eventually, the risk of the company being struck off.
Every year
- Board meetings: at least four a year, with no more than 120 days between two meetings. Small companies and OPCs can hold fewer.
- Statutory audit: accounts must be audited by a Chartered Accountant.
- Annual General Meeting: within six months of the end of the financial year, usually by 30 September.
- AOC-4: financial statements filed with the ROC within 30 days of the AGM.
- MGT-7 or MGT-7A: annual return filed within 60 days of the AGM.
- DIR-3 KYC for Directors: every director with a DIN completes KYC by 30 September.
- Income tax return: companies file ITR-6. The due date is usually 31 October for companies that require an audit.
Event-based or periodic filings
- Appointment of Auditor (ADT-1): within 15 days of the AGM at which the auditor is appointed.
- DPT-3: return of deposits and outstanding loans, usually by 30 June.
- MSME-1: half-yearly return if the company owes money to MSME suppliers for more than 45 days.
- Form INC-20A: once, within 180 days of incorporation.
Plus GST and TDS
If registered, the company also files GST returns and quarterly TDS returns throughout the year.
Let us handle it
Our Annual Compliance for Private Limited Company package covers all of the above with reminders before every deadline.