All the companies incorporated in India are required to comply with the recently enacted new Companies Act, 2013. Once all the requirements relating to incorporation of a company in India are completed as per the newly enacted Companies Act, 2013 and a certificate of incorporation is issued by the Registrar of Companies i.e. ROC, Whether the company is a private company or a public company, various compliance requirements are to be complied with post incorporation.

Some of the common compliance requirements, that are to be complied by a Private Limited Company in India are as follows:

Auditor will be appointed for the 5 (Five) years and form ADT-1 will be filed for 5-year appointment. The first Auditor will be appointed within one month from the date of incorporation of the Company.

Every Company shall prepare its Accounts and get the same audited by a Chartered Accountant at the end of the Financial Year compulsorily. The Auditor shall provide an Audit Report and the Audited Financial Statements for the purpose of filing it with the Registrar.

Every Private Limited Company is required to file its Annual Return within 60 days of holding of Annual General Meeting. Annual Return will be for the period 1st April to 31st March.

Every Private Limited Company is required to file its Balance Sheet along with statement of Profit and Loss Account and Director Report in this form within 30 days of holding of Annual General Meeting.

It is mandatory for every Private Limited Company Company to hold an AGM in every Calendar Year. Companies are required to hold their AGM within a period of six months, from the date of closing of the Financial Year.

Directors’ Report will be prepared with a mention of all the information required under Section 134.

If any Company fails to comply with the regulations of the Companies Act, then the Company and every officer who is in default shall be punishable with fine for the period for which default continues. If there is delay in any filing, then additional fees is required to be paid, which keeps on increasing as the time period of non-compliance increases.

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