What are the main compliances for a Private Limited Company?

• Board meetings
• Annual General Meeting (AGM)
• Filing financial statements
• Filing annual returns
• Income tax returns
• GST returns (if applicable)
• TDS compliance (if applicable)
• Maintenance of statutory registers and records

What ROC filings are mandatory?

Common filings include:

• Form AOC-4 (Financial Statements)
• Form MGT-7/MGT-7A (Annual Return)
• DIR-3 KYC (for directors, if applicable)

How many board meetings are required?

Generally, a Private Limited Company should hold a minimum number of board meetings as prescribed under the Companies Act, subject to applicable exemptions and company status.

Is an AGM mandatory?

Yes, most Private Limited Companies are required to hold an Annual General Meeting each financial year, subject to legal provisions and exemptions.

What happens if compliance filings are delayed?

• Additional filing fees
• Penalties
• Possible legal consequences for the company and directors

What statutory registers must be maintained?

Examples include:

• Register of Members
• Register of Directors and Key Managerial Personnel
• Register of Charges (where applicable)

Is GST registration compulsory?

GST registration is required when eligibility thresholds or specific business conditions under GST law are met.

What is a compliance calendar?

A compliance calendar tracks all filing due dates, meetings, tax returns, and statutory obligations to avoid penalties.

Who is responsible for compliance?

The Board of Directors is ultimately responsible, often assisted by finance teams, accountants, and company secretaries.

Why is compliance important?

• Avoids penalties
• Maintains good corporate governance
• Improves investor and stakeholder confidence
• Ensures legal operation of the business