Company Annual Compliance Services

What is Annual Compliance?

Every registered company and LLP in India must fulfil a set of statutory compliance obligations each financial year. These include holding and documenting board meetings, preparing financial statements, filing annual returns with the Registrar of Companies (ROC), and filing income tax returns.

Non-compliance attracts heavy penalties, disqualification of directors, and in serious cases, the company may be struck off the register. Our team helps you stay on track with all mandatory filings and deadlines.

Annual Compliance for Private Limited Companies

• Board Meetings: Minimum 4 board meetings per year (with prescribed gap between meetings)
• Annual General Meeting (AGM): Must be held within 6 months of the end of the financial year
• Financial Statements: Prepare Balance Sheet, Profit & Loss Account, and Directors' Report
• Form AOC-4: Filing of financial statements with MCA (within 30 days of AGM)
• Form MGT-7: Annual Return with MCA (within 60 days of AGM)
• Statutory Audit: Mandatory for all companies
• Income Tax Return: File ITR-6 by 31st October (for companies requiring audit)
• DIR-3 KYC: Annual KYC for all directors with DIN

Annual Compliance for LLPs

• Form 11: Annual Return with MCA (within 60 days of financial year end — by 30th May)
• Form 8: Statement of Account and Solvency (within 30 days of 6 months from year end — by 30th October)
• Income Tax Return: File ITR-5 (by 31st July or 31st October if audit required)
• Statutory Audit: Required if turnover exceeds ₹40 lakh or contribution exceeds ₹25 lakh

Key Compliance Deadlines (FY 2024–25)

• 30 May — LLP Form 11 (Annual Return)
• 31 July — Income Tax Return (non-audit cases)
• 30 October — LLP Form 8 (Statement of Account)
• 31 October — Income Tax Return (audit cases)
• 30 days after AGM — ROC Form AOC-4 (Financial Statements)
• 60 days after AGM — ROC Form MGT-7 (Annual Return)

Verify current deadlines at mca.gov.in and incometax.gov.in.

Frequently Asked Questions

What is the penalty for missing ROC filings?

Late filing of Form AOC-4 or MGT-7 attracts an additional fee of ₹100 per day of delay. Directors can also be disqualified from holding directorship in other companies if annual returns are not filed for 3 consecutive years.

Is statutory audit mandatory for all companies?

Yes, all registered companies (Private Limited, Public Limited, OPC) must have their accounts audited by a qualified Chartered Accountant regardless of turnover. LLPs are required to audit only if they meet the specified turnover or contribution thresholds.

Can we handle compliance for a newly registered company?

Yes. Even in the first year of registration, companies must comply with certain obligations, including filing the commencement of business declaration (INC-20A) and holding the required board meetings.