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Yellow Minimalist Cover Business Dailyweekly Annual Report

Company Annual Compliance

Original price was: ₹25,000.00.Current price is: ₹20,000.00.

Comprehensive Post-Incorporation and Annual Compliance Checklist for Private Limited Companies (FY 2024–25)

Private Limited Companies must adhere to specific compliance requirements to remain legally operational and avoid penalties. Below is a detailed breakdown of the key compliance requirements for the financial year 2024–25:

1. Commencement of Business

Due Date: Within 180 days from the date of incorporation.
Details: Companies incorporated after November 2019 must obtain a Certificate of Commencement of Business before initiating business activities or exercising borrowing powers.
Penalty for Non-compliance:
- ₹50,000 for the company.
- ₹1,000 per day for directors for each day of default.

2. Auditor Appointment

Due Date: Within 30 days from the date of incorporation.
Details: Companies must appoint a statutory auditor within this timeframe.
Penalty for Non-compliance:
- Business commencement is prohibited.
- ₹300 per month penalty for delayed appointments.

3. Annual General Meeting (AGM)

Due Date: By September 30, 2025, for the financial year ending March 31, 2025.
Details: AGMs must be conducted annually to approve financial statements, discuss Director’s Reports, and address shareholder matters.

4. Filing of Financial Statements (Form AOC-4)

Due Date: Within 30 days of the AGM. For AGMs held on September 30, 2025, the due date is October 30, 2025.
Details: Submit financial statements, including the balance sheet and profit and loss account.
Penalty for Non-compliance: ₹200 per day of default.

5. Filing of Annual Return (Form MGT-7)

Due Date: Within 60 days of the AGM. For AGMs held on September 30, 2025, the due date is November 29, 2025.
Details: File details of directors, shareholders, and key decisions from the financial year.
Penalty for Non-compliance: ₹200 per day of default.

6. Director’s KYC (Form DIR-3 KYC)

Due Date: September 30, 2025.
Details: Directors must update their KYC details annually using Form DIR-3 KYC, providing unique mobile numbers and email addresses.
Penalty for Non-compliance: ₹5,000 per director after the due date.

7. Income Tax Return Filing

Due Date: By October 31, 2025, for the assessment year 2025–26.
Details: File income tax returns using ITR forms as applicable. Extensions, if any, will be announced by the Income Tax Department.

8. Maintenance of Statutory Registers and Records

Details: Ensure regular updates to statutory registers, including:
- Register of Members.
- Register of Directors and Key Managerial Personnel (KMP).
- Minutes of Board and General Meetings.

9. Other Event-Based Filings

Details: File appropriate forms within prescribed time limits for any changes such as:
- Alteration in the company’s capital structure.
- Change of registered office.
- Appointment or resignation of directors.
- Changes in shareholding structure.

FAQs About Private Limited Company Compliance

💬 1. What happens if compliance deadlines are missed? Penalties include monetary fines, legal notices, and potential disqualification of directors for repeated defaults.

💬 2. Is compliance mandatory for dormant or inactive companies? Yes, even dormant companies must file nil returns and meet compliance obligations.

💬 3. Can directors update their KYC after the due date? Yes, but a penalty of ₹5,000 per director will apply.

💬 4. Are AGMs mandatory for all Private Limited Companies? Yes, AGMs are required for all companies except one-person companies.

💬 5. Can AutoBizNow assist with multi-company compliance? Yes! AutoBizNow offers comprehensive solutions for managing compliance across multiple entities.

🌟 Why Choose AutoBizNow for Compliance Management?

🌟 Proactive Reminders: Stay ahead of deadlines with timely alerts. 🌟 End-to-End Support: From post-incorporation compliance to annual filings. 🌟 Expert Guidance: Personalized assistance to ensure 100% compliance. 🌟 Trusted Partner: Powered by Professional Consultant Solution Planet Private Limited, delivering reliable and efficient services.