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Compliance
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An Overview of Private Limited Company Compliance


Compliance is mandatory for any business engaged in any lawful operation after it has done the Private Limited Company registration. Such requirements include compliance with obligations as stated by the Registrar of Companies (RoC) as well as compliance to both the annual returns and those of events. All types of business organisation new and existing trading companies need to follow the Companies Act 2013 irrespective of its turnover or capital.

The types of Compliance for Private Limited Companies

1. ROC Compliance for Private Limited Companies

Many different compliance rules have to be followed by all firms that go ahead with Pvt Ltd Company registration as set by the RoC. ROC Compliance is the filed reports to the Registrar of Companies and following the Companies Act 2013. ROC compliance is divided into three categories:

Annual Compliance

The Trivial Annual Compliance obligations that a privately registered company must undertake are:

2. Event-Based Compliance

Some levels of compliance are prompted by particular episodes in a firm’s calendar year but others by certain conditions in the company’s lifecycle. Some examples include:

Both events require filing appropriate forms with the RoC in order to be legal. Failing to make these filings on time will result in fines & penalties.


3. Non-Registrar Compliance

  1. Goods and Services Tax (GST) Filings: The organisation has to file monthly, quarterly & the Annual returns of GST.
  2. Income Tax Filings: It means, if the organisation has no income still it has to file income tax returns at least once in a year.
  3. Tax Deducted at Source (TDS) Filings: TDS returns and payment of TDS must be done quarterly so as to avoid penalties.
  4. Provident Fund (PF) and ESI Filings: They are also expected to file returns half yearly for Provident Fund and Employees State Insurance payments.

The Effect of Non Compliance

There are serious consequences in case of violation of the Companies Act or Tax Laws. Penalties are made on a daily basis and whenever a default has occurred, she/he suffers financial losses on the side of business. Consequently, the issue of compliance should be properly addressed whereby the relevant statutory and regulatory obligations are met as at when due by companies.

How LegalRaasta Can Help


LegalRaasta, therefore proposes a comprehensible package to those it considers to meet the unique compliance solutions of every business after going through the Company registration process. We provide an easy solution for all these complex compliance matters so that businesses can simply concentrate on their expansions.

1. Compliance Manager to oversee special compliance needs

We maintain a policy that there is always a named officer whose duty is to oversee compliance for that client. Your compliance manager will hold your hand from Private Limited Company registration services to secretarial services.

2. Course code Accounting and Financial Management

At the end of every financial year, the businesses need to ensure that they have well prepared books of accounts and financial statements. We will also be constantly handling your financial records and submitting necessary documents on time for you and your team.

3. Board and AGM Minutes Preparation

We assist corporate organizations in handling their secretarial operations through drafting of the minutes of board meetings and annual general meetings. For this reason, it guarantees that all the requirements of the applicable laws are recorded and managed effectively.

4. Annual Return Filing

Our compliance team will ensure your company’s MCA annual returns and income tax returns are filed on time, thus no penalties. Often people register companies but do not do any business, even then they need to file annual returns, and LegalRaasta makes sure all filings are made correctly.

5. Compliance Software

We give you access to the Ledgers compliance platform through which you can effectively manage compliances. It also provides a tool to track deadline and compliance status and generate reports from this platform whenever required.

Optimising Business Compliance with LegalRaasta


LegalRaasta provides cost-effective and accurate post-registration compliance solutions for companies prospecting to stay in line after Private Limited Company registration. With our assistance you do not have to worry about the fact that your company complied with all the statutory and regulatory requirements and you will not face any penalties.

Whether you require formation of a company or company registration services or compliance services, LegalRaasta is your best bet. Contact us today to start enjoying stress free tasking compliance services that meet your business requirements.

Frequently Asked Questions (FAQ)


A Private Limited Company is required to prepare and submit annual financial statements, annual return to the ROC, maintain statutory registers, conduct board meetings and hold AGM. Also, all companies that meet certain turnover levels must also produce the tax audits.

Yes, it means that every Private Limited Company, no matter the value of their turnover and size, is compelled to do a statutory audit. A Chartered Accountant should review the company ‘s financial statements in relation to certain set regulations and policies.

The AGM annual return should be filed within 60 days from the date of the AGM. The AGM takes place within 60 days of passing of the AGM. Usually, it is convened by 30th September.

Companies that fail to make the prescrit Annual Returns are liable to penalties, late filing fees, removal of directors or the company being struck off the register of the ROC.

A Private Limited Company having paid up share capital of no less than INR 10 crore has to appoint a full time Company Secretary. The following formula used will determine the organisations with the stake less than this amount to opt for the hiring of a Company Secretary for compliance.

Failing to pay the AGM on time is unlawful and has certain penalties attached to it. The Company and its officers may be penalised by the amount of INR 1 lakh. For further defaults, INR 5000 per day is charged for such defaults.

A Company incorporated as a Private Limited Company is required to conduct not less than four board meetings in a financial year and the interval between any two consecutive meetings is not more than one hundred and twenty days. Meeting must be minute and the minutes have to be signed by the chairman of the meeting.

The ITR filing schedule is compulsory for all the incorporated companies. Usually, the due date with regard to most companies falls on the 30th of September of the assessment year thereby creating a problem that leads to penalties and added on interests on the outstanding taxes.

Yes, for every Private Limited Company that registered or business under the Goods and Services Tax (GST), or they have to follow GST returns which include monthly or quarterly returns according to turnover and annual return.

The directors have the role of preparing and ensuring that any law requirement of the business is adhered to. It means that failure to do so entails personal liability and penalties and forfeiture of directorship of any company.

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