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G K B & Associates
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0120-3130570
info@gkb.associates
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Private Limited Company - ASC

At G K B & Associates, we take care of all your annual compliance needs for you, making sure everything is accurate, submitted on time, and completely stress-free. This way, you can concentrate on running your business while we handle all the necessary legal paperwork.

Benefits of Annual Compliance for a Private Limited Company

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    Avoid Penalties & Legal Action – Prevent unnecessary fines and protect directors from disqualification.
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    Maintain Legal Standing –Keep your company’s MCA status active and valid.
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    Enhance Corporate Credibility – Investors, banks, and partners trust compliant businesses.
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    Ensure Transparency – Build better governance and accountability within your company.
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    Enable Smooth Business Transactions – Compliance records are essential for mergers, acquisitions, or raising funds.

    • Documents Needed for LLP Annual Compliance

    1. 1. Certificate of Incorporation
    2. 2. Memorandum & Articles of Association (MOA & AOA)
    3. 3. PAN of the Company
    4. 4. Digital Signature Certificates (DSC) of all directors
    5. 5. Director Identification Number (DIN) details
    6. 6. Shareholding details and changes (if any)
    1. 7. Minutes of Board Meetings & Annual General Meeting (AGM)
    2. 8. Financial statements – Balance Sheet & Profit & Loss Account
    3. 9. Auditor’s Report and appointment details
    4. 10. Bank statements for the financial year
    5. 11. GST & TDS return details (if applicable)

    Our Compliance Process

    01
    **Initial Check and Planning:**

    We start by taking a close look at where your company stands with its compliance, checking for any pending filings, and then create a personalized schedule to keep everything on track.

    02
    **Preparing Your Submissions:**

    We draft and get ready all the necessary forms for the Ministry of Corporate Affairs (MCA), like AOC-4 for Financial Statements, MGT-7 for the Annual Return, and DIR-3 KYC for your directors, as well as your company's Income Tax Return.

    03
    **Submitting to the Authorities:**

    We make sure all the forms are filed before the deadlines hit, ensuring your company meets all its requirements and avoids any penalties.

    Mandatory Annual Compliances for a Private Limited Company:


    1. Board Meetings – Minimum of 4 per year, with proper documentation.
    2. Annual General Meeting (AGM) – Within 6 months from the end of the financial year.
    3. Form AOC-4 – Filing of audited financial statements.
    4. Form MGT-7 – Filing of annual return with shareholding details.
    5. DIR-3 KYC – Annual KYC update for all directors.
    6. Income Tax Return – Filing by due date (generally 31st October for audit cases).

    Penalties for Non-Compliance:


    1. ₹100/day per form (MCA late fees) with no upper limit.
    2. Possible director disqualification for continued defaults.
    3. Income tax penalties as per the Income Tax Act.

    Frequently Asked Questions

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    Annual statutory compliance for a Private Limited Company includes filing annual returns (Form MGT-7), financial statements (Form AOC-4), income tax returns, conducting board meetings, maintaining statutory registers, and other regulatory filings as per the Companies Act, 2013.
    Yes, every Private Limited Company, irrespective of size, turnover, or operations, must file annual returns with the ROC and comply with statutory requirements each year.
    Yes, audit is mandatory for all Private Limited Companies irrespective of turnover or profit, as per the Companies Act, 2013.
    Private Limited Companies are required to file Income Tax Return (ITR 6) annually. Corporate tax is levied at 22% (domestic companies, new regime) or as per applicable slab rates plus surcharge and cess.
    The major filings include:
    • Form MGT-7: Annual Return
    • Form AOC-4: Financial Statements
    • DIR-3 KYC: Director KYC compliance
    • Income Tax Return (ITR 6): As per Income Tax Act
    • Other event-based compliances (if applicable, such as appointment/removal of directors, change of address, etc.)
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