Annual Compliances

Business Compliances
1

What are the annual compliances of pvt company and LLP

2

Hello @Vicky_Singh

Some of the Annual Compliances of a Private Company are:

  1. Filing of Financial Statements in e-Form AOC-4
  2. Filing of Annual Return in e-Form MGT-7
  3. Holding atleast 4 Board Meetings in a financial year
  4. Filing other mandatory forms like DPT-3, DIR-3 KYC, etc.

Some of the Annual Compliances of an LLP are:

  1. Filing of Financial Statements in e-Form-8
  2. Filing of Annual Return in e-Form-11

If you’re looking to convert your private limited company to an LLP. you can read morea about it here:

Hope this helps!

3

The annual compliances for a Private Limited Company and an LLP are different because they are governed by separate laws.

Annual Compliances for a Private Limited Company

A Private Limited Company is regulated under the Companies Act, 2013. Some key annual compliances include:

1. Board Meetings – At least 4 board meetings in a year (with proper gap compliance).

2. Annual General Meeting (AGM) – Must be held once every year.

3. Financial Statements Filing (Form AOC-4) – Filed with the ROC after the AGM.

4. Annual Return Filing (Form MGT-7) – Filed annually with ROC.

5. Income Tax Return (ITR-6) – To be filed every year.

6. Statutory Audit – Mandatory, even if there is no turnover.

7. Other Compliances – GST returns, TDS returns, etc., if applicable.

Annual Compliances for an LLP

An LLP is governed under the LLP Act, 2008. Its compliance requirements are comparatively simpler:

1. Statement of Account & Solvency (Form 8) – Filed annually with ROC.

2. Annual Return (Form 11) – Filed every year.

3. Income Tax Return (ITR-5) – Mandatory filing.

4. Audit Requirement – Audit is required only if turnover exceeds ₹40 lakh or contribution exceeds ₹25 lakh.

5. GST/TDS Returns – If applicable.