Essential Annual Compliances for Companies in India: A Step-by-Step Guide
1. Introduction to Annual Compliances for Companies in India – In India, companies registered under the Companies Act, 2013 , must comply with various annual regulatory requirements. These compliances ensure transparency, financial accountability, and adherence to legal norms set by regulatory authorities such as the Ministry of Corporate Affairs (MCA), the Registrar of Companies (ROC), and the Income Tax Department. Annual compliance requirements vary based on the type of company. Non-compliance can lead to penalties, fines, or even disqualification of directors. 2. Types of Companies and Their Compliance Requirements – The following are the annual compliances for companies in India - 3. Private Limited Company (Pvt. Ltd.) – A Private Limited Company is a privately held business entity with limited liability. The following are the Private Limited Company law compliance in India - 1. Annual Financial Statements & Audit - Filing of AOC-4 with the Reg...