COMPANY ANNUAL COMPLIANCE (COMPREHENSIVE) INTRODUCTION

Company compliance refers to the adherence of a company to various laws, regulations, and standards that govern its operations. Compliance is essential to ensure that a company operates ethically, legally, and in a manner that protects its stakeholders, including shareholders, employees, customers, and the environment.

In India, companies are required to comply with various regulations, including:

● Companies Act, 2013
● Securities and Exchange Board of India (SEBI) regulations
● Goods and Services Tax (GST) laws
● Income Tax laws
● Labour laws
● Environmental laws

Compliance involves:

● Filing annual returns and financial statements
● Maintaining statutory records and registers
● Obtaining necessary licenses and permits
● Conducting annual general meetings and board meetings
● Appointing auditors and ensuring audit compliance
● Filing tax returns and paying taxes
● Ensuring corporate governance and ethical business practices

Non-compliance can result in:

● Penalties and fines
● Legal action and prosecution
● Damage to reputation and brand image
● Loss of stakeholder trust and confidence
● Business disruption and closure

Therefore, it is crucial for companies to prioritize compliance and ensure that they have adequate systems and processes in place to meet all regulatory requirements.

The compliance checklist for Private Limited companies is as follows:

Particulars Particulars
Annual Compliances
1. Annual General Meeting (AGM) Conduct AGM within 6 months from the financial year-end.
2. Financial Statements Prepare and file Form AOC-4 within 30 days of AGM.
3. Annual Return File Form MGT-7 within 60 days of AGM.
4. Director's Report Attach with Form AOC-4.
5. Auditor's Report . Attach with Form AOC-4.
6. Return of Deposits File form DPT-3 every year on or before 30th June
7. Appointment of Auditor File form ADT-1 within 15 days of Appointment


Event-based Compliances
1. Change in Registered Office
2. Filing of Board/Special Resolution
3. Increase in Authorized Share Capital
4. Increase in Paid-up Share Capital
5. Change in name of the Company
6. Conversion of Company
7. Appointment of Auditors
8. Transfer of Shares
9. Repayment of Loan


Tax-related Compliances:

1. Income Tax Return: File within the prescribed deadline.
2. TDS/TCS Returns: File quarterly returns.
3. GST Returns: File monthly/quarterly returns.