Directory Image
This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Privacy Policy.

ROC Compliances for Private Limited Company In India

Author: Trademark Bazaar
by Trademark Bazaar
Posted: Oct 12, 2017

Every private limited company registered under the ministry of corporate Act 2013 is required to fulfill certain compliance. Registrar of companies is the legal designated authority by the ministry of corporate affairs to deals with the administration of Companies Act 2013. It is mandatory for companies to file certain prescribed forms, returns and documents with ROC with the specified time and with prescribed fees. The various ROC compliance requirements of private limited company are as follows-

  1. Appointment of auditors- Every Private Limited Company is required to file ADT 1 for the 5 years appointment of Auditors. The first auditor is required to be appointed within 30 days from the date of incorporation. The auditor appointed by the company will act as its statuary auditor.
  2. Board Meetings- It is mandatory for every private limited to undertake at least four board meeting in a year. However, in case of small companies only 2 meetings are required to be conducted against the 4 meetings. Further, the reports of the meetings known as the minutes are required to be submitted to the ROC.
  3. Holding Annual general meeting- Every private limited company is required to conduct an annual general meeting in every calendar year. The notice of the AGM and the minutes of the AGM conducted shall be filed with the registrar of companies.

4. Filing of annual return- Every Private Limited Company is required to file its annual return in Filing form MGT 7 within the period of 60 days from the last Annual General Meeting held. Annual return will be for the period 1st April to 31st March.

  1. Filing of financial accounts – Every Private Limited Company is required to file AOC 4 for the Financial Accounts within 30 days from the conclusion of Annual General Meeting. Financial accounts will include balance sheet and the statement of profit and loss.
  2. Income Tax Returns- Every Private Limited Company is required to file its Income Tax Returns before 30th September every year.
  3. Director’s Report- Director of every limited is required to submit annual reports containing the details of the directorship in all the other companies.
  4. Miscellaneous compliance- Along with the general compliance every private limited is required is fulfill certain event based compliances. Following are such miscellaneous compliances-
  • Giving loans to other companies.
  • Providing loans to directors.
  • Change in paid-up capitals of the enterprise.
  • Opening or closing up bank accounts.
  • Appointment or change in auditor of the enterprise.
About the Author

For more information about company incorporation and trademark filling visit www.trademarkbazaar.com

Rate this Article
Leave a Comment
Author Thumbnail
I Agree:
Comment 
Pictures
Author: Trademark Bazaar

Trademark Bazaar

Member since: Oct 08, 2017
Published articles: 6

Related Articles