A Private Company is an entity enjoying a separate identity which requires maintaining its active status through the regular filing with MCA. For every company, it is compulsory to file an annual return and audited financial statements with MCA for every financial year. The RoC filing is mandatory irrespective of the turnover, whether it is zero or in crore. Whether a single transaction is undertaken or none, annual compliances for private limited are mandatory for every registered company.
Both the forms are filed to report the activities and financial date for concerned Financial Year. The due dates for annual filing of a company are based on the date of the Annual General Meeting. The continuous failure may lead to the removal of the company’s name from RoC’s register, including disqualification of directors. Also, it has been observed that MCA has actively taken bold steps for dealing with any such failures.
Advantages of Income Tax Return Filing:
- Raising Company’s Credibility
- Attract Investors
- Avoid Penalties
- Maintain Active Status
We at Wise Tax Filings make it easy and inexpensive to file your company’s annual compliances. With expert support along with timely and accurate filings, we have made it hassle free for you to get started.
Documents Required for GST Returns Filing:
Incorporation Document
PAN Card, Certificate of Incorporation and MoA – AoA of Private Company
Audited Financial Statements
Financial Statements must be audited by independent auditor
Audit Report & Board Report
Independent auditor’s report and Board report must be provided
DSC of Director
Valid and active DSC of one of the directors must be provided.
GST Return Types:
Within 30 days from the date of AGM.
AOC – 4 (Financial Statement)
Within 60 days from the date of AGM.
MGT – 7 (Annual Return)
File Compliance in 3 easy steps:
1. Answer quick questions
Pick a package that best fits your requirements. It takes less than 5 minutes to fill our questionnaire. Provide basic details & documents required for registration along with making payment.
2. Experts will be there to help
A relationship manager will be assigned for drafting of required documents for filing along with reparation of Forms to be filed.
Online Filing of Financial Statement and other documents and online Filing of Annual Return of company.
3. Your compliance is filed.
It only takes 5 working days!
Day 1 – Collection
- Discussion and collection of basic Information
- Provide Required Documents
- Decide the due dates of ROC filing for Pvt. Ltd. Company
Day 2 – 4 – Preparation
- Drafting necessary documents
- Attachment of supporting documents
Day 5 onwards – Filing
- Filing of AOC – 4 (Financial Statements)
- Filing of MGT – 7 (Annual Return)
Frequently Asked Questions:
Whether the Annual Filing is necessary for all companies?
Yes, RoC compliance for Private Limited Companies are necessary for every registered company. Irrespective of the total turnover or the capital amount, the company must comply with the annual compliance requirement. The annual compliance is due after the AGM of the company since its first financial year.
What is the penalty for non-compliance of annual filing of Private Limited Company?
Since July 2018, companies failing to follow the statutory compliance for Private Limited will be charged ₹100 for each day of a delay till the actual date of filing. There is no ceiling limit to an additional fee. For continuous failure, penalty apart from the additional Government fee can be levied on both – company and directors, including the imprisonment.
Whether the audited financial statement is mandatory annual filing for Private Companies?
Audited financial statements are necessary for every company since its incorporation. The company must file the audited statements only. Also, non-audit of financial statement is not an excuse to delay the annual filing.
More Questions? Our Experts are here to help, fill out the form on this page or
Call us at: 1800 123 0000 or Email us: hello@wisetaxfilings.com