A Private Limited Company in India must follow specific annual compliance requirements to maintain its legal status and avoid penalties. Here’s a simple guide to the key filings and due dates.

1. Annual Returns and Financial Statements

• MGT-7 (Annual Return): Filed with the Registrar of Companies (ROC) within 60 days from the Annual General Meeting (AGM).
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• AOC-4 (Financial Statements): Submitted within 30 days from the AGM.

2. Income Tax Filings

• ITR-6 (Income Tax Return): Must be filed annually, usually by September 30.

3. Other Important Compliances

• DIN KYC (DIR-3 KYC): Directors must update their KYC details annually.
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• Auditor Appointment (ADT-1): If a new auditor is appointed, the company must file an ADT-1 with the ROC.

Penalties for Non-Compliance

Failing to meet compliance deadlines can lead to hefty fines and the company being marked as non-compliant. Directors may also face disqualification.

Conclusion

Annual Compliance for Private Limited Company operates smoothly and maintains a good reputation. It’s advisable to seek professional assistance to ensure timely filings.