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Annual Compliance & Filing

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All About Annual compliance and Filing

In India companies are regulated through Ministry of Corporate Affairs (MCA) under the Companies Act, 2013. There are many compliance and mandatory obligation which has to be fulfilled by a company registered in India. If the compliance are not done on time then heavy penalty can be imposed. The Roc filing is mandatory irrespective of the turnover, whether it is zero or in crore. Whether a single transaction is undertaken or none, annual compliances are mandatory for every registered company. But you need not to worry about all these things because we are here for you always.

    Registration for Annual Compliance & Filing

    Trademark Opposition Form





    Any query call us now ..........
    Pvt. Ltd. Company / One Person Company Limited Liability Partnership (LLP) Section 8 company Public Limited Company
    Required Documents Required Documents Required Documents Required Documents
    Turnover 0-20 Lakhs Turnover 21-50 Lakhs Turnover 51 Lakhs Above Turnover 0-20 Lakhs Turnover 21-50 Lakhs Turnover 51 Lakhs Above Turnover 0-20 Lakhs Turnover 21-50 Lakhs Turnover 51 Lakhs Above Turnover 0-20 Lakhs Turnover 21-50 Lakhs Turnover 51 Lakhs Above
    Corporate Genie

    Benefits of Partnership Firm

    Low tax liabilities
    Easy to control as managed by few promoters
    Freedom to choose any business name but make sure that the name is not a trademark of any other company or individual
    Easy to start with a minimal registration process
    Easy to shut down the company with very less compliances
    Partnerships are easy to incorporate and flexible to manage. Unlike corporations and LLPs, you won't have to file formation documents or annual reports with the state

    Documents Required

    Voter's ID/Passport/Driver's License PAN Card

    Passport-sized photographs

    Voter's ID/Passport/Driver's License
    and Proof of registered office

    Any Query ??
    Don't hesitate to contact us

    We can work on any of the Accounting Software of your choice and deliver you the work on time.

    Comparison

    Private Limited CompanyOne Person CompanyLimited Liability PartnershipPartnership Firm Proprietorship Firm
    Act Companies Act, 2013 Companies Act, 2013 Limited Liability Partnership Act, 2008 Indian Partnership Act, 1932 No specified Act
    Registration Requirement Mandatory Mandatory Mandatory Optional No
    Number of members 2 – 200 Only 1 2 – Unlimited 2 – 50 Only 1
    Number of Director/Partner 2 – 15 Only 1 2 – Unlimited 2 – Unlimited Only 1
    Separate Legal Entity Yes Yes Yes No No
    Liability Protection Limited Limited Limited Unlimited Unlimited
    Statutory Audit Mandatory Mandatory Dependent Not mandatory Not mandatory
    Ownership Transfer ability Yes No Yes No No
    Uninterrupted Existence Yes Yes Yes No No
    Foreign Participation Allowed Not Allowed Allowed Not Allowed Not Allowed
    Tax Rates Moderate Moderate High High Low
    Statutory Compliance High Moderate Moderate Less Less

    Liabilities of Partnership Firm

    Partners are personally liable for the business, including all debts and liabilities of the other partners
    Once partners are engaged in a business, each partner is personally liable for the actions of that business, including the obligations of the other partners. There are no shields against personal liability
    The share in a Partnership can be transferred to another partner after obtaining the permission of all the Partners in a Partnership

    Taxes for Partnership Firm

    A general partnership doesn’t pay any income taxes. Instead, profits and losses flow through to each of the partners, who are responsible to report it on their personal income tax returns.

    FAQ

    • When you want to start your business involving one of your family members, then partnership might be the right option for you to choose

    • One or more Partners can be designated to manage the Partnership Firm

    Advantage of Annual compliance

    Business runs smoothly.
    Free follow ups by our experts.
    Full privacy of data.
    No stress for all these days and you can focus on core business activities.

    Any Query ??
    Don't hesitate to contact us

    We can work on any of the Accounting Software of your choice and deliver you the work on time.

    Process to Reach Us

    Fill the details in the form provided on our website.

    Make the required payment.

    Team will call you and ask for all the Necessary Information and Documents.

    Share the documents required and we will start procedure.

    Will approve everything from you and finalize the annual return.

    FAQ

    Annual Compliance Filing means regular compliance done for business in accordance with the Companies Act. 2013.
    Some essentials like:
    • A Board Meeting of the Director(s)
    • Annual General Meeting
    • Appointing an Auditor
    • Annual Registrar of Companies (ROC) filing
    • Income Tax Compliance
    Late filing – Daily penalty of Rs 100 up to maximum Rs 5 Lac
    Non-filing – In case of non-filing for three financial years at a row will cause the exclusion of Director
    The Companies Act,2013 makes it compulsory to hold meetings and discuss the yearly results and appoint auditors.
    ROC is the officer governed by the MCA.ROC has to ensure that the Private Limited Companies and the LLPs comply with the statutory requirement of the ACT.