Basic Facts on Private Limited Compliance
Compliance means following orders, rules, or requests.
Indian private limited companies must follow the Companies Act 2013.
The Companies Act 2013 governs directors' appointment, qualification, remuneration, retirement, and board and shareholder meetings.
Private Limited Companies need RoC compliance. The annual compliance requirement applies regardless of turnover or capital.
All Indian companies—private limited, one-person, limited, and section 8—must file annual returns and income tax returns. After Company Registration, many compliances must be met.
Entrepreneurs must balance business operations with complex corporate laws. Thus, it is best to consult professionals and understand the legal requirements to avoid penalties or fines.
Returns must be filed regardless of sales, profitability, or other factors. Dormant businesses must file GST returns.
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