Annual Compliances for Private Limited Company – An Overview A Private Limited Company enjoys an identity separate from its Directors. Thus, in order to maintain its active status, every business is required to file annual compliances for a private limited company with the Ministry of Corporate Affairs (MCA). Since the inception of the Companies Act in 1956, the scope of private limited companies has undergone a myriad of changes. The Ministry of Corporate Affairs and the Registrar of Companies, in an attempt to limit the functionalities of private limited companies, issue a lot of compliances as mentioned under the Companies Act, 2013. These complex terminologies might be a little difficult to comprehend for a non-professional. Thus, it is advisable to consult a professional right after private limited company registration to deal with your annual compliances. Private Limited Company Compliances According to Section 149 (1) of the Companies Act, 2013, the minimum num
According to Section 2 (62) of the Companies Act, 2013, a company with only one person as its member falls into the category of One Person Company. An OPC compliance requirement is similar to that of a private limited company . As we all know, a one-person company enjoys the status of a separate legal entity. Thus, the extent of the liability of the directors is limited to the extent of the amount invested by them. It must be noted that one person company can only be incorporated as a private limited company. Thus, all the provisions applicable to private companies are applicable to one person company compliance too. In this article, you will learn about one person company compliance and the annual returns to be filed after the incorporation of an OPC . Annual Filings for One Person Company Compliance : 1. MBP 1: Form MBP-1 is to be filed by the directors in one-person company compliance to disclose their interest in other companies yearly on the first Board Meeting of every year or th