Annual Compliance

What is the Private Company's Annual Compliance? A private company is a legal entity with its own identity that must keep its active status by filing documents with the MCA on a regular basis. Every financial year, every company must file an annual return and audited financial accounts with the MCA. The filing of the RoC is required regardless of the turnover, whether it is zero or in crores. Annual compliances for private limited companies are required for all registered companies, whether they do a single transaction or none at all. Both forms are submitted to report on the activities as well as the financial date for the relevant Financial Year. The date of the Annual General Meeting determines the due date for a company's annual filing. Continuous failure may result in the company's name being removed from the RoC register, as well as the directors being disqualified. It has also been noted that MCA has taken active and courageous steps to address any such failures. Ad…