Annual Compliance for Private Limited Company in India

In India, a type of business entity which is found on a substantial basis can be said to be a private limited company making the registration of a private limited company in our Country, an important element. It is simple to operate and raise funds, along with providing minimal responsibility to its members, flexibility, and quick access to bank loans or other credit related funds.
A private company is a legal entity with its own personality that must maintain its active status by filing documents with the Ministry of Corporate Affairs or MCA on a regular basis. Every fiscal year, every firm is required to file an annual return and audited financial records with the MCA. Regardless of the turnover, whether it is zero or in crores or much more than that, the Registrar of Companies or ROC must be filed with the annual compliance. Annual compliances for private limited companies are required for all certified or registered companies, whether they conduct a single business or none at all.