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Expert Guidance on Company Compliance for Private Limited Companies
Navigating the intricate Company compliance requirements for private limited companies in India can be daunting. Compliance with the Companies Act 2013—covering everything from director appointments to shareholder meetings and other regulatory obligations—is essential. The regulatory landscape may seem overwhelming, but with expert assistance, the process becomes much simpler.
Bharat United Startups offers tailored solutions to meet your compliance needs, ensuring your company stays on track. Our team of specialists is proficient in Indian business laws and regulations, and we’re here to guide you through each stage of the compliance journey. Whether you’re a startup or an established company, Bharat United Startups simplifies the process for you.
Let’s Make Company Compliance Hassle-Free Together!
Company Compliance for Private Limited Companies
Compliance refers to adhering to a set of rules and regulations. For private limited companies incorporated in India, complying with the Companies Act 2013 and fulfilling obligations towards the Registrar of Companies (RoC) is non-negotiable. These laws regulate key business activities such as the appointment and removal of directors, conduct of board and shareholder meetings, and other statutory requirements. Company Compliance is mandatory for all private limited companies, regardless of turnover or capital.\
Company Compliance Categories for Private Limited Companies
To simplify, we can break down the compliance requirements into two broad categories:
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| Category | Description |
|---|---|
| ROC Compliance | Obligations regulated by the Registrar of Companies (RoC). |
| Non-ROC Compliance | Other essential regulatory requirements beyond RoC jurisdiction. |
ROC Compliance for Private Limited Companies
The Registrar of Companies (RoC) mandates compliance through annual filings, event-based filings, and other regulatory obligations. Below is a detailed overview of ROC compliance:
1. Annual Compliance
These are regular filings and disclosures that companies must complete yearly, such as submitting financial statements and annual returns.
| Company Compliance | Due Date |
|---|---|
| Commencement of Business | Within 180 days of incorporation |
| Appointment of Auditor | Within 30 days of incorporation |
| Board Meetings | At least 4 times a year, with no interval exceeding 120 days |
| Annual General Meeting | First AGM within 9 months of the first financial year, then every 6 months |
| Form AOC-4 (Financial Statements) | Within 30 days after AGM |
| Form MGT-7 (Annual Returns) | Within 60 days after AGM |
2. Event-Based Compliance
These company compliances are triggered by specific events, such as changes in management, share capital, or business operations.
| Event | Relevant Compliance | Due Date |
|---|---|---|
| Change in authorized share capital | File relevant forms with RoC (e.g., Form SH-7) | Within 30 days |
| Appointment of directors | File Form DIR-12 for appointments/resignations | Within 30 days |
| Loans to directors | File necessary forms for disclosing loans | As per the occurrence |
3. Other Company Compliances
These include obligations not necessarily tied to the annual or event-based categories, but vital for maintaining the company’s legal status.
| Compliance | Details |
|---|---|
| Director KYC | Form DIR-3 KYC filing required annually by September 30th |
| Return of Deposits (DPT-3) | Report deposits annually, by June 30th |
| Maintenance of Statutory Registers | Maintain registers and records throughout the year |
| Director’s Report | Prepared before AGM, distributed at least 21 days in advance |
Penalties for Non-Compliance
Failure to comply with the Companies Act can lead to severe penalties for the company and its directors. Penalties may include:
✅Fines for delayed filings
✅Charges for non-compliance with annual return submissions
✅Penalties for missed deadlines for financial disclosures
Streamline Your Company’s Compliance with Bharat United Startups
BharatUnitedStartups is here to help you manage and streamline your company’s compliance. Our platform provides a range of services to ensure that all filings are completed on time. Here’s how we support your business:
| Service | Description |
|---|---|
| Compliance Platform | Track deadlines, manage compliance obligations, generate reports, and stay organized. |
| Dedicated Compliance Manager | Get assistance from a dedicated expert who will guide your company through all compliance requirements. |
| Accounting Services | Our Compliance Manager helps you prepare financial statements and maintain proper accounts throughout the year. |
| Secretarial Services | Prepare minutes for board meetings, AGMs, and other necessary reports. |
| MCA Annual Return Filing | We handle the preparation and filing of your company’s annual return with the Ministry of Corporate Affairs (MCA). |
| Income Tax Filing | Prepare and file your company’s income tax return, regardless of income or losses. |
Conclusion
Navigating company compliance can be complex, but with Bharat United Startups, you can streamline the process and ensure that your private limited company stays on the right side of the law. Our comprehensive services and expert guidance take the burden off your shoulders, making company compliance hassle-free.
Ready to simplify your company compliance? Get Started with Bharat United Startups Today!
For more information on Company compliance Refer MCA Portal
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Related Services
- Private Limited Company Registration
- LLP Registration in India
- Startup India Registration
- Company Registration in Dubai
Frequently Asked Questions (FAQs) on Company Compaliance in India
1. What are company compliances in India?
Company compliances are the mandatory legal and regulatory requirements every registered company must follow under the Companies Act, 2013, Income Tax Act, GST laws, and other applicable laws.
2. Why are annual compliances important for a company?
Annual compliances help maintain legal status, avoid penalties, ensure transparency, and build trust with investors, banks, and stakeholders.
3. What are the mandatory compliances for a Private Limited Company in India?
Key compliances include holding board meetings, filing annual returns (MGT-7), financial statements (AOC-4), income tax return filing, and maintaining statutory registers.
4. What happens if a company fails to meet compliance requirements?
Non-compliance can lead to heavy penalties, disqualification of directors, strike-off of the company, and even legal prosecution in severe cases.
5. What are the compliances for an LLP in India?
LLPs must file Form 8 (Statement of Accounts & Solvency), Form 11 (Annual Return), maintain proper books, and file income tax returns annually.
6. How can startups manage their company compliances easily?
Startups can outsource compliance management to professional firms like Bharat United Startups, ensuring timely filings, reduced risk, and cost-effective services.
7. Are compliances different for a Private Limited Company, OPC, and LLP?
Yes. While all require annual filings and tax returns, Private Limited Companies have stricter compliance rules, OPC has simpler filings, and LLPs enjoy moderate compliance requirements.
8. What are event-based compliances for companies?
Event-based compliances occur when specific events happen, such as director change, share transfer, increase in capital, appointment of auditor, or change in registered office.
9. What is the cost of company compliance services in India?
The cost varies depending on the company structure (Pvt Ltd, LLP, OPC) and the number of filings but usually ranges between ₹15,000 – ₹50,000 annually.
10. How can Bharat United Startups help with company compliances?
We provide end-to-end compliance solutions including ROC filings, GST returns, income tax filing, bookkeeping, and advisory services to keep your company 100% compliant.
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