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|Type Of Industry Business||Any Indstry|
|Type Of Service Contract||Retainer Based|
|Mode of Service||Offline|
|Type of Service Provider||Individual Consultant|
|Service Location||Bangalore Chennai|
Irrespective of the size and nature of business all private limited companies are required to comply with the legal requirements of India. Following legal compliance are must for a private limited company to comply.
Legal compliance as per companies act
As per companies act, all companies register in India are required to maintain books of accounts and get it audited by a practicing chartered accountant every year after closing of each financial year.
Such audited report along with the financial statements and annual return prepared by the company’s management are required to be filed with the Registrar of companies of the state where such companies are registered.
There is no time limit for conducting company’s annual audit. There are some other provisions which specify the time limit of getting books of accounts audited.
Every private limited company need to conduct their annual general meeting within 6 months from the end of the financial year to present audited financial statements before the shareholders.
To conduct such Annual General Meeting, the company needs to give 21 clear days notice. To comply with this provision, companies registered in India are required to get their accounts audited before sending notice for Annual General Meeting.
To comply with the companies act, every company registered in India must get their accounts audited from a chartered accountant and conduct their annual general meeting within the specified time limit. Then they need to file their annul return with the register of companies before 30 days from the date of holding AGM.
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