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    Ensuring compliance means following the orders, rules, or requests. In India a Private Limited Company is governed by the Companies Act, 2013. This Act states the rules and regulations for things like appointing directors, their qualifications, remuneration, and retirement, as well as conducting board meetings and shareholder meetings. For a private limited company in India, it’s crucial to meet the compliances outlined in the Companies Act, 2013. Apart from the compliances stated in the Companies Act, 2013, Private Limited Companies also have to fulfil the compliance requirements stated in the Income Tax Act and even the GST Act.

    Running a business smoothly can be a challenge for entrepreneurs, especially when you have to fulfil complex corporate laws. This is where Bright Accounts comes in. With our professional assistance we can guide you through the legal requirements, ensuring you meet all the compliances on time and avoid penalties or fines.

    Annual Compliances

    The following entities are the annual compliances for a Private Limited Company:

    Statutory Audit Compliances

    The statutory audit compliances are carried out to determine whether an organisation provides accurate details of the financial position by examining the bank balances, bookkeeping records, and financial transactions. A statutory auditor of the company is appointed. The auditors of the company will finalise annual accounts.

    Directors Report

    The Director has to disclose details of appointment as a director in other companies every year. This can be done by giving a declaration in writing to the company every year.

    Board Meeting

    Income Tax Compliances

    The following are Income Tax Compliances for a Private Limited Company:

    Annual ROC Filings

    Private Limited Companies must file the annual accounts and returns disclosing the details of its shareholders, directors, etc., to the Registrar of Companies (ROC). The following forms are to be filed with the ROC:

    Annual General Meeting

    Annual General Meetings (AGMs) are held for approval of financial statements, declaration of dividends, appointment or re-appointment of auditors, commission, remuneration of directors, etc. It is mandatory to hold a general meeting of the shareholders once every year within six months from the end of the financial year. The meeting is held during business hours on a day that is not a public holiday. It shall occur at the Registered Office of the company or the city, village, or town in which the registered office is situated.

    Other Event-based Compliances

    There are various other compliances that need to be compiled with on occurrence of any event in the company. Here are specific instances of such events:

    It is necessary to file different forms with the ROC for all such events within a specific period. In case of missing out on this, additional fees or penalties might be levied.

    We ensure that the data is 100% accurate before submission.


    Fulfil all Annual Compliances

    in 3 Simple Steps

    At Bright Accounts, we  simplify the entire Annual Returns compliance process for Private Limited Companies. We make your journey smooth, structured and easy.

    Sit back and relax while Bright Accounts experts file the necessary returns and forms. Frequent updates and reminders will also be provided by Bright Accounts relating to the due dates and filings carried out by us.

    What do you get

    when Bright Accounts files your GST Annual Returns


    What our clients say

    Working with the Bright Accounts is easy and they gave me all the support, guidance and time. Suraj and Shweta have supported with my requirements for my Private Limited Company. Keep up the good work and put your customers first. Thank you!
    We recently contracted Bright Accounts to manage our companies annual filings. Their has very well managed things till now. Hoping the same in the coming years.
    We had contacted Bright Accounts only for GST Annual Filings, looking at their proper guidance and quality of work we handed them the rest of the things.
    Ved Agarwal
    A trusted service provider. Much recommend by me.
    Thanks for the prompt reminders and filing. Happy with your service guys. Keep it up.

    Why Bright Accounts

    There are many reasons why clients choose Bright Accounts, but from our experience we have listed the four main reason why you should go with us.

    Bright & Knowledgeable

    Bright Accounts delivers high quality financial services by a team of bright and knowledgeable experts.

    Always happy to help

    Bright Accounts commit to provide dedicated support and assistance to our clients.

    Professional & Approachable

    We maintain a high level of professionalism while being easily approachable for our clients.

    Easy & Quick

    We focus on streamlining and simplifying the complex processes for our clients.

    Chartered Accounts and Company Secretaries will manage your companies Annual Compliances

    Frequently Asked Questions

    A company can appoint a statutory auditor either for five consecutive years or till the conclusion of the next Annual general meeting. Therefore, an appointment of the statutory auditor cannot be considered as a part of annual compliance.

    The annual general meeting (AGM) is held for the management and the shareholders to interact with each other. The Companies Act,2013 makes it compulsory to hold meetings to discuss the yearly results and appoint auditors.

    The statutory audit as the name suggests is a mandatory audit for all companies. All the entities that are unregistered under the Companies Act as Private or Public Limited Companies need to get the books of accounts audited every year.

    The companies incorporated under the Companies Act,1956 are required to file the following documents with the ROC The balance sheet in form 23AC which is to be filed by all the companies Profit and loss account in form 23ACA which is to be file by all the companies.

    Bought Together

    There are many reasons why clients choose Bright Accounts, but from our experience we have listed the four main reason why you should go with us.

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