PRIVATE LIMITED COMPANY

All registered companies in India have to file MCA's annual return and ITR every year. Even if the company is dormant, it is legally responsible to abide by the compliance set forth by the MCA. Moreover, before filing annual returns with MCA, the company is liable to carry out AGM - Annual General Meeting at the end of each financial year. Subsequent Annual General Meetings have to be planned and conducted within 6 months from the end of that financial year. However, for those companies which have been newly incorporated, the AGM has to be conducted within 18 months from the date of incorporation or 9 months prior to the date of closing of the financial year.

Companies are not only accountable for filing MCA's annual returns, but they are also liable to file income tax returns regardless of their income, profit or loss. Hence, companies which are dormant without any transactions are also subject to file income tax returns every year. Private limited companies have to file Form ITR -6 and due date for filing ITR of a company is before the 30th of September.

Annual filings for a Private Limited Company is as follows:

MCA Form AOC-4 (30th Nov)
Private limited companies registered in India should file Form AOC-4 with MCA before 30th November. If the private limited company fails to file AOC-4 then they are imposed with a penalty of Rs.200 per day of delay. MCA Form MGT-7 (31st Dec)
Private limited companies registered in India should file Form MGT-7 with MCA before 31st December. If the private limited company fails to file MGT-7 then they are imposed with a penalty of Rs.200 per day of delay. Income Tax Return (30th Sep)
Private limited companies registered in India should file ITR on or before 30th September. If the private limited company fails to file ITR in any case then they are imposed with a heavy penalty of Rs.10,000 or more.