ROC Compliance of Private Limited
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- Appoint Experienced Auditor for your Company
- Form INC-20A, DIR-3 KYC, AOC-4, MGT-7/7A Filing
- Prepare Balance Sheet, P&L, Audit Report, Director Report
- All Quarterly & Monthly Filing with MCA and other department
- End to end support by CA/CS & Tax Planning for your Business
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ROC Compliances for Private Limited Company
A Private Limited Company is the most popular choice of entrepreneurs who want to start their entrepreneurial journey. A Private Limited registration comes with the great responsibility which is the annual compliances. It is mandatory for all the companies that have been registered under Companies Act 2013. ROC Compliances for Private Limited Company are very important to avoid any Legal Issues. To stay compliant is not just a legal requirement but it also shows your commitment to being accountable to the government department and to your company. It can be complex to navigate the annual compliances but you don’t need to worry as Vakil Firm assist you in fulfilling the compliance of Pvt Ltd. If the directors of the company does not stay compliant then they have pay the penalties as prescribed under Companies Act 2013.
Various ROC Compliances Essential for Private Limited Company
| Compliances For Pvt Ltd Registration | Time Limit/ Due Date |
| Declaration of Commencement of Business (Form INC 20A) | Within 180 days of incorporation |
| Auditor Appointment (ADT 1) | Within 30 days of incorporation |
| Holding Board Meetings (at least 4) | First meeting within 30 days of incorporation |
| Reappointment of Auditor (ADT 1) | Within 15 days of AGM |
| Filing MBP 1 (Director Disclosure) | Every year at the first board meeting |
| Conducting AGM (Annual General Meeting) | Within 9 months from closing of FY |
| Filing AOC 4 (Financial Statements) | Within 30 days of AGM |
| Filing MGT 7/ 7A (Annual Return) | Within 60 days of AGM |
| Filing DIR 3 (Director KYC) | By September 30 each year |
| Filing DPT 3 (return of deposits) | By June 30 each year |
| Filing ITR (Income Tax Return) | July 31st, 2024 |
| Maintaining Statutory Registers and Book of Accounts | Throughout the Financial Year |
ROC Compliances for Private Limited Company in Detail
- Declaration for Commencement of Business: When you register Pvt Ltd Company Online, you must have to secure the certificate of Commencement of Business. You have to acquire this certificate within 180 days of incorporation by filing the form INC-20A
- Board Meetings: Private limited companies must have conducted at 4 board meetings and the first meeting should be held within 30 days of incorporation. The maximum gap between two boards meetings should be 120 days.
- AGM (Annual General Meeting): First AGM i.e. Annual General Meeting should be conducted within 9 months from the closing of the first financial year. Thereafter, the AGM should be held within 6 months of the end of the financial year. There should be a gap of maximum of 15 months between 2 AGMs.
- Auditor Appointment: Companies must have to appoint their first auditor within 30 days of incorporation for the five years. Auditor appointment will be done by using form ADT-1.
- Director Disclosure: Directors of the company must have to file the form MBP-1 to disclose their interests in any other company. This disclosure should be made every year at the first board meeting.
- Statutory Audits: Every private limited company must have a statutory auditor to prepare/ verify the annual report and financial statements and to audit the financial report.
- Filing of Form MGT 7 (Annual Return): Company must have to file the form MGT 7 within 60 days from the date of AGM i.e. Annual General Meeting.
- Filing of Form AOC 4 (Financial Statements): Company must have to file its financial statement including balance sheet, statement of Profit and Loss Account and director’s report in Form AOC 4 within 30 days of holding AGM i.e. Annual General Meeting.
- Filing Income Tax Return: A Pvt Ltd Company must have to file its ITR i.e. Income Tax Return with IT Department within the time limit that has been prescribed by the government. To file ITR, company has to submit all the data related to balance sheet and profit loss account.
- Filing DIR-3 KYC: Directors of the company must have to file their KYC using form DIR-3 by 30th September of each year, providing their DIN that was allotted by Mach 31 of that year and the status is approved.
- Filing Form DPT-3: Companied have to report the details of deposits and other non-deposit receipts annually before June 30 by using form DPT-3.
- Maintaining Statutory Registers: Companies must have to maintain their statutory registers, minutes of board meetings, AGMs, creditors meetings, and debenture holder meetings.
What does our Package Include?
We offer you very affordable and cost-effective packages. For online CA Services, we have 3 packages which are as given below-
Basic Package@ Rs. 9,999/-*
- INC 20A Filing
- AOC 4 Filing
- MGT 7/7A Filing
- DIR-3 KYC Filing
- Director Reports
- Notice of AGM
- Holding of AGM/BM
- Annual Return Filing
- CA/CS Support
- TO up to 20 Lakhs
Standard Package@ Rs. 19,999/-*
- All include in Basic
- Bookkeeping and Accounting
- Auditor Appointment
- ADT 1 Filing
- Balance Sheet and PL
- Billing Invoice Formats
- Lifetime CA/CS Support
- TO up to 20 Lakhs
Premium Package@ Rs. 28,999/-*
- All include in Basic
- Bookkeeping and Accounting
- Auditor Appointment
- ADT 1 Filing
- Balance Sheet and PL
- Billing Invoice Formats
- GST Return Filing
- GST Invoicing
- Auditor Reports
- Lifetime CA/CS Support
- TO up to 20 Lakhs
Benefits of ROC Compliances for Private Limited Company
- Tax Benefits: If a private limited company files the Pvt Company compliances on time, then companies can take advantage of tax benefits. ROC Compliance for Pvt Company also helps in avoiding penalties.
- Reduction of Risk: If ROC of Company has been completed properly and on time, then it will reduce the legal risk. Timely filing of all the annual compliances by a Private Limited Registration will lead to the proper governance.
- Financial Stability: Proper submission of annual reports and financial statements of a Pvt Ltd Company will make sure about maintaining the solid financial stability of the company. It also helps in maintaining the credibility of the company in front of its stability.
- Legal Protection for Directors: Directors of Private Limited Companies have a legal responsibility to make sure about
- compliance. Doing compliance on time for Pvt Ltd Registration helps in the reduction of the personal liability of directors.
- Avoid Penalties and Fines: Proper ROC of Company avoids the costly fines and penalties, prescribed under Companies Act 2013, that have been imposed by the regulatory authorities.
- Enhanced Reputation: A well-compliant Private Limited Company Registration has been viewed respectfully in the business community. It also helps in boosting confidence of company in front of all stakeholders.
Common Documents Required for ROC Compliances for Private Limited Company
- Incorporation Certificate
- Company’s Bank Statement
- PAN, TAN, MOA, AOA
- DSC of Directors
- Company’s Sale Purchase Data
- Details of Company’s Expenses
- Details related to loans and advances (if any)
- Details of GST (if any)
- Details of any other applicable compliances
- ID and Address Proof of Directors
Easy & Simple Process of ROC Compliances for Private Limited Company
You can file your ROC Compliances with Vakil Firm in just 3 steps. Here are the steps-
- Step 1: Consultation and Documentation
Our expert team of professional at Vakil Firm begins by conducting a review of the information of your company and the required documents.
- Step 2: Preparation of Compliance Forms
On the basis of assessment, we prepare the forms of compliances with the help of cutting-edge technology of DSCs i.e. Digital Signature Certificates.
- Step 3: Submission and Approval
After the successful approval by ROC i.e. Registrar of Companies, we quickly provide you the acknowledgement and compliance certificate.
Key Considerations of ROC Compliance for Private Limited Company
- A Pvt Ltd Company registration must have to conduct at least 4 board meetings in a year.
- First board meeting must have to be conducted within 30 days of Private Limited Company Registration.
- An auditor must be appointed within 30 days of Private Limited Company Registration in India.
- INC 20A must be filed within 180 days of online Private Limited Company Registration.
- If you don’t file INC 20A, you will not be able to make changes in company.
- Compliances are mandatory in the Pvt Ltd Company Registration in India.
- There is a late fee that has been prescribed by the government for every non-compliance.
Why Vakil Firm? : ROC Compliances for Private Limited Company
- Filing by CA/ CS Experts: Our expert team of professionals simplifies the process of compliances making sure about a smooth and hassle free experience for you.
- Avoidance of Penalties: With Vakil Firm, you have a dedicated team of professionals who are committed to make sure that your compliances have been filed on time to avoid the penalties.
- Proper Tax Optimization: Our Income Tax experts will make sure about the proper tax management for your Private Limited Company, so that you can save your hard earned money. You can utilize this money for the betterment of your business.
- Compliance Calendar: Our team will maintain and keep you updated about the date of compliance, so that your work has been done within the government regulations. With our high level platforms of technology, you can get the access to our compliance calendar.
FAQ'S
What is the purpose of the Director KYC (DIR-3 KYC)?
Director KYC makes sure that the DIN (Director Identification Number) of the company’s directors remains active and that the ROC has up-to-date contact details and identification.
What is ROC compliance?
ROC compliance refers to the set of regulations and filing requirements that have been mandated by the Registrar of Companies (ROC) under the Ministry of Corporate Affairs (MCA) that every registered Private Limited Company in India must adhere to.
What happens if a company fails to comply with ROC requirements?
Non-compliance can result in penalties, legal action against the company and its directors. In severe cases, non-compliance even results in the striking off of the company’s name from the ROC register.
How can a Private Limited Company ensure timely ROC compliance?
Who can help with ROC compliances?
Companies can seek help from compliance professionals, chartered accountants, or company secretaries who have expertise in corporate laws and ROC filing requirements. Vakil Firm’s dedicated team of experts will assist you with all your ROC compliance needs.
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The service they provided me is very good. They are very professional, honest, sincere in work. For all my company related activities I will always approach them. Legal Pillers simply the best.
Vidhu Shekhar
I would like to thank Team Legal Pillers Pvt Ltd. They are managing our whole business starting from registration to its filing and monthly other compliances. They are giving very good service in market as compare to other service provider. Thank you Team.
Aftab Ahmed Mulla
Team Legal Pillers, I am writing to thank you for the quality of service provided by your company. I am sincerely appreciating your efficient, gracious customer service on registering my company. Specially I would like to Thank Ritika who always connected with me and explained in detail while registering company. I would refer my friends to legal Pillers to take best service in low cost.
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