Introduction to Accurate Private Limited Annual Filing Service

Introduction to Accurate Private Limited Annual Filing Service

 


If you're an entrepreneur, you've probably got a slew of statutory and regulatory obligations to deal with. These tasks can overwhelm you, so you might want to consider hiring the services of a professional to help you keep up with the competition. For instance, a good CFO will be able to offer you a number of advantages, from tax preparation to management audits.

If you are running a Private Limited Company, it is important for you to follow statutory and regulatory norms in order to comply with the MCA. For example, you need to maintain books of accounts and file ROC forms at specified times. Also, you must hold an annual general meeting (AGM) every six months. You can hire professional Company Secretaries and Chartered Accountants to help you out with the Annual Compliances of your company. Moreover, if your company is not compliant, you might lose out on a number of benefits such as attracting investors, obtaining loan approval and improving your business credibility.

To comply with the law, companies must file a ROC form at the beginning and end of each financial year. These ROC forms contain the financial statements and details. Moreover, the state will not issue a certificate of good standing to a company that does not comply with the laws. Therefore, a non-compliant company can suffer unnecessary penalties and may even be administratively dissolved.

A PrivateLimited Company is a distinct legal entity with its own paid up capital and distinct directors. It is also separate from its owners. The company has to maintain a book of accounts and file a ROC form at the end of the fiscal year. This is important to identify internal errors.

Despite the importance of Private Limited Company Annual Compliances, many companies do not pay sufficient attention to the process.

 

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