Company Annual Return Filling Services in Chennai

A private company established with the Indian government in India must ensure that compliance requirements regarding The Companies Act, 2013 are satisfactory.

The Companies Act, 2013 regulates the appointment and qualification, remuneration, and retirement of Directors of the Company as well as other aspects like the conduct of board meetings and shareholder meetings.

The RoC compliance requirement for Registered Private Limited Companies is necessary. Whatever the company's total income or capital to comply with the annual compliance requirements.

Every company registered in India, such as a private limited corporation, one-person business, or limited company section 8, has to keep up with annual compliances such as annual returns and tax returns every year. While Company Registration may be the most well-known method for starting a business, however, there are a variety of compliance requirements that must be adhered to once the company is Incorporated.

The management of the company's daily operations while ensuring compliance with corporate laws is a challenge for an entrepreneur. It is recommended to seek out the experts to assist and comprehend the legal requirement for prompt compliance with these requirements to avoid penalties or fines.

Statutory Audit Compliances

Audit compliances under the statutory audit requirements are conducted to determine if an organization can provide accurate information of its financial situation through examining bank balances as well as bookkeeping records and financial transactions.

• A statutory auditor for the company is selected.
• The company's auditors will finish the annual accounting.

Annual ROC Filings
Private Limited Companies must file the annual accounts and return with the information of their directors, shareholders, etc. and to the company's registry.

In the annual filing of the ROC, the following forms have to be submitted to the ROC:
The form MGT-7 (Annual returns) is required to be filed within 60 days after the day of the annual general assembly.

The form AOC-4 (Financial statements) must submit by any private limited corporation within 30 days, along with the balance sheet, statement of profit and loss, and Director's report.

Non-compliance
If a business does not comply with the rules and rules in the Companies Act, then the company and its members that are in default will be punished with a meal for the time that the default continues. If there is an inaccuracy in filing the annual report, additional charges are needed to be paid. Therefore, it is best to complete the filing requirements in time.