WHAT IS ANNUAL FILING FOR PRIVATE LIMITED ?
Annual filing for a Private Limited Company involves submitting several key documents to comply with the Companies Act. This includes the Annual Return (Form MGT-7), detailing shareholders, directors, and financial status, and the Financial Statements (Form AOC-4), which encompass the Balance Sheet and Profit and Loss Account. These documents must be filed within 30 days of the Annual General Meeting (AGM).
Additionally, the Directors’ Report and the Auditor’s Report must be prepared. These filings ensure transparency and regulatory compliance, reflecting the company’s financial health and governance standards. Failure to file on time can result in penalties and legal consequences. Annual filings are crucial for maintaining corporate accountability and fostering trust among stakeholders.Annual filing for a Private Limited Company also includes the Compliance Certificate, if applicable, depending on the company’s size and turnover. Proper annual filing supports strategic decision-making, financial planning, and investor confidence, ensuring the company adheres to statutory requirements and promotes long-term stability.
DOCUMENTS REQUIRED FOR ANNUAL FILING
BALANCE SHEET
A balance sheet is a financial statement showing a company's assets, liabilities, and equity at a specific point in time.
DIRECTOR'S REPORT
A Director's Report is a document outlining a company's performance, financial status, and future prospects, presented annually to shareholders.
OTHER DOCUMENTS
Other documents in annual filing include the Auditor's Report, Compliance Certificate, and minutes of the Annual General Meeting (AGM).
ACCOUNTS
Accounts in annual filing include the Balance Sheet, Profit and Loss Statement, and Cash Flow Statement, reflecting the company's financial performance.
AUDITOR'S REPORT
An Auditor's Report is a formal opinion on the accuracy and fairness of a company's financial statements, issued by an independent auditor.