A Private Limited Company is the most common form of business establishment. Upon incorporation, various company compliances must be adhered to. It is mandatory for a Private Limited Company to file an annual return and audited financial reports with the Registrar of Companies (ROC) for each fiscal year. Regardless of turnover or business status, annual compliance is obligatory for all companies. Continuous failure to file the required compliance documents may result in the company being struck off the ROC register.
Benefits of Compliance.
Adhering to regular compliance significantly enhances a company’s credibility, as evidenced on the MCA portal. Proper compliance records attract customers, facilitate government tenders, and assist in loan approvals. Investors prioritize financial and compliance records before investing. Therefore, consistently filing annual returns is essential. Non-compliance results in substantial penalties and can harm the company’s profitability and reputation.
DOCUMENTS REQUIRED :
- PAN card of the Company
- Certificate of incorporation
- MOA and AOA of the Company
- Audited financial statements
- Audit Report and Board Report.
- DSC of Director
