Compliance & Legal Support

LEGALCREW INFOSOLUTIONS PRIVATE LIMITED PROVIDE A COMPLETE SOLUTION FOR ROC COMPLIANCES. The annual ROC compliances are detailed reporting of the business procedures that every registered company/LLP in India should submit within the due date prescribed in the Companies Act, 2013 and Companies Rules.

Mandatory Compliances for Private Limited Companies

Board Meetings

Private limited companies must convene regular board meetings to address critical corporate matters and maintain effective governance. These meetings are essential for ensuring proper decision-making, regulatory compliance, and strategic alignment. By regularly convening, boards can set strategic objectives, monitor financial performance, and effectively address operational challenges.

Annual General Meeting

The Annual General Meeting (AGM) is a mandatory legal event where shareholders and directors gather to discuss the company’s performance, financial health, and future plans. AGMs are crucial for fostering transparency and accountability, as they provide a platform for shareholders to participate in decision-making and stay informed about the company’s operations.

Statement of Interest

Directors of private limited companies must disclose any potential conflicts of interest arising from their involvement in other businesses or transactions that may impact the company. This disclosure ensures transparency, prevents conflicts, and upholds the directors’ fiduciary duty to act in the best interests of the company and its shareholders.

Filing of Tax and Annual Returns

Private limited companies are required to file annual income tax returns to comply with tax regulations. Additionally, submitting an annual report to the Registrar of Companies is essential for updating public records regarding the company’s financial position, directors, and shareholders.

Statutory Registers

Private limited companies are obligated to maintain various statutory registers, such as member registers, director registers, and charge registers. These records serve as a crucial repository of corporate information, ensuring compliance with legal obligations and promoting transparency and accountability.

Director Identification Numbers (DIN)

Directors are legally obligated to possess a Director Identification Number (DIN). They must subsequently submit Form DIR-3 KYC to the Registrar of Companies (RoC), providing their Know Your Customer (KYC) details for the relevant financial year. Failure to comply with this requirement will result in the deactivation of their DIN and a fine of ₹5,000 for late filing.

Commencement of Business

Private limited companies incorporated after a specified date are required to obtain a Certificate of Commencement of Business (COCB) only once. This COCB serves as an official confirmation of the company’s legal existence and commencement of operations.

By adhering to these essential ROC compliances, private limited companies can ensure legal compliance, transparency, and good corporate governance. This fosters trust among stakeholders and maintains the company’s operational integrity.