The private limited company is formed by two of more people, to do business and share the profits. There can be numerous shareholders and directors, but a legal agreement is necessary for defining the shares and distribution of tasks. The process for Private ltd company registration can be time consuming; hence it is advisable to contact our trusted legal firm. We offer reasonable packages for easy company registration.
In Pvt Ltd Company Registration in Indiranagar as you see that you have registered and running your private limited company, now it’s time to meet the compliance requirements to warranty safe operations of your business.
Here in this article, we will be explaining in step by step what are the accounting and auditing guidelines that are mandatory for private limited companies as set by the Ministry of Corporate Affairs (MCA).
This is the procedure of managing the compliances in addition it includes the selection of an auditor.
Here we have explained in detail a portion of the regular compliances which a private limited company needs to follow mandatorily: Appointment of Auditor: Pvt ltd registration consultants in Indiranagar an Auditor will be allocated for five years and form ADT-1 should be filed.
The primary Auditor will be assigned within one month from the date of incorporation of the company.Statutory Audit of Accounts: Every corporation will organize its Accounts and get the identical reviewed by a Chartered Accountant by the end of the financial year mandatorily.
The auditor will provide an audit report or the record and the evaluated fiscal statements to document it with the Registrar.Filing of Annual Return (Form MGT-7): All private limited companies are mandatorily essential to submit a document on their yearly return within 60 days of the period of organizing of the annual general meeting (AGM).