Private Limited Annual Filing is one of the major activities that must be done by every company. This is because private limited companies are subject to various requirements and rules. If the company does not follow the required rules, the owner can be penalized.
To ensure compliance, it is imperative that the company carries out the requirements on a regular basis. It is advisable to seek professional assistance. The owner should also consult a certified accountant for matters related to the operations.
Every Private Limited Company must have its accounts audited by a qualified Chartered Accountant. In addition, the account must be recorded in a Business Accounts Book, which includes coupons, minutes and documents.
The company must have two board meetings annually. Each meeting must be held at least seven days in advance. Directors of a private limited company must attend at least half of the meetings. They must have a valid DSC.
The annual return must be filed within sixty days of the AGM. The return must be signed by the director, manager and the company secretary. The auditor must provide an Audit Report with the financial statements.
Private Limited Companies must maintain statutory registers at all times. This includes details of members and shareholders. The company must also record the meetings of debenture holders and board meetings.
Private limited companies must file yearly returns with the Registrar of Companies. They must be recorded and stamped with a ROC.
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