Private Limited Company Annual Filing is essential in case of any type of business entity. It is an entity that is registered with the Registrar of Companies (ROC).
Private Limited Companies are governed by the Companies Act, 2013. The private limited company is a separate legal entity, which bestows limited liability protection to its members. As a result, private limited companies are required to comply with all the rules and regulations regarding their filings and activities.
To register a private limited company, it is important to have an approved chartered accountant to audit its accounts. After the accounts are audited, the company must get them filed with the MCA. Besides, the company must conduct an Annual General Meeting every year. During this meeting, the shareholders will approve or reject the financial statements.
An AGM must be held within 6 months from the end of the financial year. The minutes of the AGM must be recorded and submitted in the Business Accounts Book. At least 21 days' notice must be given for an AGM. National holidays are not included in the notice period.
Every private limited company must also maintain the statutory registers, which include the ROC file and the register of the shareholders. In addition, the company must keep all the statutory registers updated.
All private limited companies are required to hold an annual general meeting at the registered office. In addition, private limited companies must hold two board meetings per year.
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