ROC Annual Compliances for Private Limited Companies

ROC Annual Compliances for Private Limited Companies

ROC annual compliances are mandatory regulatory requirements for companies registered under the Companies Act, 2013. At TaxMyles, our experts provide complete ROC annual compliance services for private limited companies to ensure full adherence to legal standards.

  • Document preparation
  • Maintenance of statutory registers
  • Timely compliance with deadlines
  • Review and audit services
  • Consultation for any queries

Overview of ROC Annual Compliances of Private Limited Companies

Compliance refers to adhering to the rules and regulations set by governing authorities. A Private Limited Company must comply with the provisions of the Companies Act, 2013 to carry out essential functions, such as appointing directors, conducting board meetings, and holding shareholder meetings. ROC annual compliances are mandatory for all registered private companies, regardless of their size. This includes preparing annual returns and fulfilling tax obligations, both of which are required for every company.

ROC Annual Compliances for Pvt Ltd Companies

After online company registration in India, Private Limited Companies must comply with the following ROC annual requirements:

  • Statutory Audit Compliances:
    • Appointment of statutory auditor
    • Finalisation of annual accounts
  • Annual ROC Filings:
    • Form MGT-7: Annual return (within 60 days of AGM)
    • Form AOC-4: Financial statements (within 30 days of AGM)
  • Annual General Meeting (AGM):
    • Held within six months from financial year-end
    • Approves financials, declares dividends, appoints auditors, and determines director remuneration
  • Board Meetings:
    • First meeting within 30 days of incorporation
    • Quarterly meetings with minimum attendance of 2 directors or 1/3 of total directors
    • Minutes recorded and maintained at the registered office
  • Directors Report:
    • Disclose directorships in other companies annually
  • Income Tax Compliances:
    • Quarterly advance tax payment
    • Annual income tax filing
    • Tax audit if turnover exceeds Rs. 1 crore
  • Other Event-based Compliances:
    • Changes in share capital, share allotment, loans, directors’ appointments, and bank account signatories
  • Filing Requirements:
    • Timely filing of forms with the registrar to avoid penalties or fees.

Why Choose TaxMyles for ROC Annual Compliances of Private Limited Companies in India?

ROC compliances fall under the supervision of the Ministry of Corporate Affairs (MCA), with ROC offices across India responsible for enforcement. These compliances include preparing necessary forms, annual returns, and other related documents, along with maintaining statutory registers, conducting board meetings, and more.

Ensuring ROC compliance is essential for maintaining a transparent, accountable, and legally sound business. Failure to meet these requirements can result in penalties, fines, or even de-registration, leading to serious negative consequences for the business.

At TaxMyles, we help you stay compliant, avoiding legal issues while promoting business integrity and growth.