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What are Annual Compliances for PVT?

From keeping a track of board meetings, maintaining a minutes book and statutory register; one of the biggest responsibilities of a Private Limited Company is Annual Compliance. Private Limited Companies are the most popular form of starting a new business but here are various compliances which should be followed as soon as your business is incorporated. Managing day to day operations of business along with complying the corporate laws could be little demanding for any entrepreneur. Hence, it is recommended to take help from professionals to meet timely fulfillment of compliances without any levy of interest or penalty.

Stay Addicted:

Staying updated and disciplines are crucial for any business. However, many businesses pile up their compliances requirements, although taking care of them involves much lesser effort than it is often imagined. Staying disciplined from the very start could be very helpful while looking for a loan or any other investment as both of these would want that your business is compliant with Registrar of Company requirements.

Proper Updates:

Including a company secretary on call throughout the year ensures that your business in running in accordance with the laws in force.

What You Need To Know

Not on Exports

The default option for start-ups and growing businesses as only private limited companies can raise venture capital.

Steep Fines

The default option for start-ups and growing businesses as only private limited companies can raise venture capital.

No Going Back

The default option for start-ups and growing businesses as only private limited companies can raise venture capital.

FAQs

What is the compliance regarding board meetings?

A minimum of four board meetings should be organized every year and two meetings in every quarter. In these meetings, the presence of directors is mandatory.

What is the compliance that is related to Minutes Book and Statutory Register?

A number of registers are required to be maintained such as the Register of Member, Register of Contracts, Register of Directors, etc. These registers are mandatory to be kept in the register office of the company.