Private Limited Company

Private Limited Company Annual Filing & Compliances

All companies registered in India like private limited company, one person company, limited company, and section 8 company must file MCA annual return and income tax return each year. Before filing annual return, the company must conduct an Annual General Meeting at the end of each financial year. For newly incorporated Companies, the Annual General Meeting should be held within 18 months from date of incorporation or 9 months from the date of closing of financial year, whichever is earlier. Subsequent Annual General Meetings should be held within 6 months from the end of that financial year. In India, normally the financial year starts on April 1st and end on 31st March. So a Company's annual return would be due on or before September 30th.

In addition to MCA annual return, companies must also file income tax return irrespective of income, profit or loss. Hence, even dormant companies with no transactions are required to file income tax return each year. Private limited companies, limited companies and one person companies would be required to file Form ITR -6. The due date for filing income tax return for a company is on or before the 30th of September.

IndiaFilings provides a comprehensive cloud based iCFO and compliance management service for small and medium sized business. Our compliance service includes financial statement preparation, secretarial services, income tax return filing and MCA annual return filing. Based on requirement as your business scales, we can also provide GST return filing services, TDS return filing services, advance tax computation and payroll processing. Get in touch with an IndiaFilings Advisor to begin managing your company’s compliance in an easy and hassle-free manner.



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Private Limited Company Compliance Due Dates in 2019

The compliance requirement for private limited company has drastically changed over the years 2018 and 2019. The following is a summary of private limited compliance due dates in 2019.



Commencement of Business
(Within 30 Days)

Companies registered in India after November 2018 and having a share capital are required to obtain commencement of business certificate before commencing any business or exercising any borrowing powers. The commencement of business certificate must be obtained within 180 days of incorporation of the company. Failure to obtain commencement of business certificate will lead to a penalty of Rs.50,000 for the company and a penalty of Rs.1000 per day for the Directors for each day of default.