A private limited company is India’s most famous type of Corporate entity. It is governed by the Ministry of Corporate Affairs (MCA) and regulated by the Companies Act, 2013. Our dedicated ROC team with 10+ years of experience shall keep you compliant will all the compliances. Get in touch with us!
A private limited organization is a type of business organization wherein the ownership & management are separate. The capital of the Company is provided by a group of people known as shareholders who entrust the responsibility of managing the Company in the hands of experts known as the Board of Directors. These forms of organization are closely held usually by family, friends, and relatives. Private companies may issue shares and can have a maximum of 200 shareholders. However, their shares do not trade on public exchanges but they can get their shares listed if needed. It is governed by the Ministry of Corporate Affairs (MCA) and regulated by the Companies Act, 2013.
A private company is subject to various statutory compliances as per the Companies Act, 2013. Ministry of corporate affairs (MCA) looks after the compliance procedures & filing of all the private limited companies in India.
We have a dedicated ROC team with 10+ years of experience who shall keep you compliant & make sure that you don’t have to pay any extra penny from your pocket as late fee or penalty. Our rates are very reasonable and we focus on providing quality service to our customers.
Every private limited company irrespective of any business activity during a year has to still compulsorily comply with all the above compliances. The compliances however shall be much simpler in this case.
No, one can opt for Video conferencing to join the meeting. However, a director has to be physically present in at-least one board meeting.
AGM is conducted at the registered office of the Company between 9 am to 6 pm. It can be conducted on any of the days other than a national holiday. One can also conduct AGM at a place other than registered office but it should be within the same city, town or village.
Company is penalised for an amount between Rs 50,000 & Rs 25,00,000 whereas the officer in default is penalised with minimum of Rs 50,000 & a maximum of Rs 5,00,000 or imprisoned for a term of 3 years or both
Companies need to submit the audited balance sheet and profit & loss statement as per the format provided by the Companies Act. Along with this, the Director’s report & Auditor’s report also need to be submitted.