Compliance Guidance for Private Limited Companies
Navigating compliance for private limited companies in India can be complex. Adhering to the Companies Act 2013, including director appointments, shareholder meetings, and regulatory obligations, is crucial but often overwhelming.
That’s where DC Management System steps in. We provide expert guidance and comprehensive solutions tailored to your company’s needs, simplifying the compliance process from registration to ongoing obligations.
Our team of specialists ensures your company meets all compliance requirements, whether you’re a startup or an established enterprise.
Compliance for Private Limited Companies
Compliance involves adhering to legal and regulatory requirements. For private limited companies in India, compliance with the Companies Act 2013 is essential.
This includes fulfilling obligations with the Registrar of Companies (ROC), governing aspects like director appointments, board meetings, and shareholder meetings.
Types of Compliance
- ROC Compliance – Statutory filings and adherence to the Companies Act provisions. 2. Non-Registrar Compliance – Tax filings, regulatory reporting, and industry-specific obligations.
Key ROC Compliance Requirements
Annual Compliance
- INC-20A: Declaration for Commencement of Business – Must be filed within 180 days of incorporation.
- Appointment of Auditor (ADT-1) – Auditor must be appointed within 30 days of incorporation.
- Board Meetings – At least four meetings per year with proper documentation.
- Annual General Meeting (AGM) – Held within nine months of the first financial year and annually thereafter.
- Annual ROC Filings:
- AOC-4: Filing of financial statements within 30 days of AGM.
- MGT-7: Annual returns filed within 60 days of AGM.
- DIR-12: Changes in directorship filed within 30 days.
- DIR-3 KYC: Director KYC updates by September 30th.
- DPT-3: Annual return of deposits by June 30th.
- Maintenance of Statutory Registers and Books of Accounts.
Event-Based Compliance
Compliance requirements triggered by business events such as:
- Change in capital structure
- Share allotment or transfers
- Loans to directors or other entities
- Appointment of key managerial personnel
- Bank account changes
Non-Registrar Compliance
Beyond ROC compliance, businesses must fulfill tax and financial obligations:
- GST, TDS, and Advance Tax Payments
- Filing of Income Tax Returns
- ESI, PF, and Professional Tax Returns
- Regulatory Compliance (Environmental, Labor, Factory Laws, etc.)
Penalties for Non-Compliance
Failure to comply with the Companies Act can result in fines, penalties, and legal consequences for both the company and its directors.
Late filings may attract additional fees, making timely compliance crucial.
Simplify Compliance with DC Management System
With DC Management System, entrepreneurs can effortlessly manage their compliance requirements:
- Automated Compliance Platform – Track deadlines, manage filings, and generate reports.
- Dedicated Compliance Manager – Personalized support for company compliance.
- Accounting & Financial Reporting – Assistance with bookkeeping, financial statements, and audits.
- Secretarial Services – Meeting minutes, board reports, and compliance documentation.
- MCA & Income Tax Filings – End-to-end assistance with annual returns and tax filings.
Ready to simplify compliance?
Let DC Management System be your trusted partner. Get started today!
