This guide covers the essential annual filing requirements for private limited companies for the 2020-21 financial year. It details mandatory compliances such as preparing financial statements (Form AOC-4), annual returns (Form MGT-7/MGT-7A), and holding an Annual General Meeting (AGM). The article also highlights specific forms, their purposes, submission deadlines, and key changes for the 2020-21 period, including the removal of MGT-9.
Short Summary
In this editorial author shall discuss everything in relation to the Annual Filing of a Private Limited Company. As we know every company whether working or not working must comply with certain provisions of the Companies Act, 2013. Like: preparation of Financial Statements, Annual
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FAQ :
The main documents required are the Balance Sheet/Financial Statement (Form AOC-4), Profit & Loss Account (Form AOC-4), Annual Return (Form MGT-7 or MGT-7A for small companies/OPCs), and the Director's Report.
Form AOC-4 is used for filing the company's financial statements, including the Balance Sheet and Profit & Loss Account, with the Registrar of Companies (ROC).
Form AOC-4 must be filed within 30 days of holding the Annual General Meeting (AGM).
Form MGT-7 is the Annual Return, which provides details about the company's directors, shareholders, and other key information. Companies with share capital file this form. Small companies and One Person Companies (OPCs) file an abridged version, Form MGT-7A.
These forms must be filed within 60 days of holding the Annual General Meeting (AGM) or from the last day on which the AGM should have been held.
Yes, for FY 2020-21, the requirement to prepare MGT-9 has been removed. Additionally, Small Companies and OPCs must file their Annual Return in Form MGT-7A.