What is Annual Compliances ?

An organisation with a distinct identity known as a private company must regularly file reports with the MCA in order to preserve its active status. Every corporation must submit an annual return and audited financial statements to the MCA at the end of each fiscal year. No matter the turnover, whether it is zero or in crores, the RoC filing is required. Every registered firm is required to submit annual compliances for private limited, whether any transactions are made or not. Both forms are submitted in order to report the financial data and operations for the relevant Financial Year. A company's annual filing deadlines are determined by the date of the annual general meeting. The company's name could be struck from the RoC registry as a result of persistent failure, and directors could also lose their qualifications. However, it has been noted that MCA has aggressively taken decisive action to address any failures of this nature.