Introduction:
Running a Private Limited Company in India comes with several legal responsibilities under the Companies Act, 2013. Regular compliance is essential to avoid penalties and ensure smooth operations.
Mandatory Compliance Checklist:
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Annual Filing with ROC (Form AOC-4, MGT-7)
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Holding AGM within 6 months from the end of financial year
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Maintenance of Statutory Registers
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Appointment of Auditor within 30 days of incorporation
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Filing of Director KYC (DIR-3 KYC)
Penalties for Non-Compliance:
Companies that fail to meet these requirements may face hefty fines and even disqualification of directors.
Conclusion:
Staying compliant is not just a legal obligation but also builds trust with investors, customers, and partners.