Annual compliance is a mandatory set of legal, regulatory, and tax-related filings that every company registered in India must complete each financial year, regardless of the company’s size, activity level, or profitability.
Proper annual compliance helps maintain the company’s legal standing, avoids penalties, and builds credibility with stakeholders such as banks, investors, and the government.
Private Limited Company (Pvt Ltd)
Mandatory Annual Filings:
- Annual Return (Form MGT-7): Details of shareholders, directors, and changes.
- Financial Statements (Form AOC-4): Balance Sheet, Profit & Loss Account, Cash Flow Statement.
- Income Tax Return (ITR-6): Filed annually even if no profit.
- Director KYC (DIR-3 KYC): Mandatory for all directors.
- Board Meetings: Minimum 4 meetings per year with proper records.
- Annual General Meeting (AGM): Must be held within six months from the end of the financial year.
Public Limited Company
- Mandatory Annual Filings:
- Annual Return (MGT-7).
- Financial Statements (AOC-4).
- Filing of Secretarial Audit Report (Form MR-3) (mandatory if paid-up capital > ₹10 crores).
- Income Tax Return (ITR-6).
- Board and General Meetings: Stricter requirements compared to private companies.
- Audit Reports and Certifications: Need certification by company secretary.
One Person Company (OPC)
Mandatory Annual Filings:
Annual Return (Form MGT-7A) (simplified version for OPC).
Financial Statements (Form AOC-4).
Income Tax Return (ITR-6).
Director’s KYC (DIR-3 KYC).
Board Meetings: Minimum 2 meetings per year (simplified compared to Pvt Ltd).
Limited Liability Partnership (LLP)
Mandatory Annual Filings:
- Annual Return (Form LLP-11): Details of partners, business, and capital.
- Statement of Accounts & Solvency (Form LLP-8): Financial data and solvency declaration.
- Income Tax Return (ITR-5): Mandatory even for LLPs with no business activity.
- Key Points for LLPs:
- No concept of AGM, but partner meetings are advisable.
- Heavy penalty of ₹100 per day for late filing with no cap.