{"id":2535,"date":"2018-07-13T12:08:59","date_gmt":"2018-07-13T12:08:59","guid":{"rendered":"https:\/\/companyregistrationonline.in\/?p=2535"},"modified":"2025-06-30T07:34:54","modified_gmt":"2025-06-30T07:34:54","slug":"101-compliances-private-limited-company","status":"publish","type":"post","link":"https:\/\/companyregistrationonline.in\/blog\/101-compliances-private-limited-company\/","title":{"rendered":"Compliances of Private Limited Company"},"content":{"rendered":"

The pvt ltd company is amongst the most popular form of starting a \u00a0business. Once your pvt ltd is registered, then you are required to follow many Compliances of Private Limited Company<\/a><\/strong>.<\/p>\n

There is a list of some common Compliances of Private Limited Company that are mandatorily followed:<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n
Compliance Requirement<\/strong><\/th>\nDescription and Timeline<\/strong><\/th>\n<\/tr>\n<\/thead>\n
Appointment of Auditor<\/td>\nThe auditor will be appointed for the 5 (Five) years and form ADT-1 will be filed for the 5-year appointment. From\u00a0the date\u00a0of incorporation of the company<\/a><\/strong>, the first Auditor will be appointed within one month.<\/td>\n<\/tr>\n
Statutory Audit of Accounts<\/td>\nAt the end of every financial year, every company is required to prepare its accounts and get the same audited by a Chartered Account. To fill it with the registrar, the Auditor must provide an Audit Report and the Audited Financial Statements.<\/td>\n<\/tr>\n
Filing of Annual Return (Form MGT-7)<\/td>\nWithin 60 days of holding of Annual General Meeting<\/strong>, every private limited company<\/strong> is required to file its Annual Return. Annual Return will be for the period 1st April to 31st March.<\/td>\n<\/tr>\n
Filing of Financial Statements(Form AOC-4)<\/td>\nWithin 30 days of holding the Annual General Meeting<\/a><\/strong>, every Private Limited Company<\/strong> is required to file its Balance Sheet along with a statement of Profit and Loss Account and Director Report.<\/td>\n<\/tr>\n
Holding Annual General Meeting<\/td>\nEvery Private Limited Company must hold an AGM in every Calendar Year. Companies are required to hold their AGM within six months, from the date of closing of the Financial Year.<\/td>\n<\/tr>\n
Preparation of Directors\u2019Report<\/td>\nDirectors\u2019 Report<\/a><\/strong> will be prepared with a mention of all the information required under Section 134.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Statu<\/strong>tory Audit<\/strong><\/h2>\n

Determining whether an organization is providing a fair and accurate representation of its financial position by examining information such as bank balances, bookkeeping records, and financial transactions is the main purpose of the statutory audit.<\/p>\n