All private limited companies incorporated under the companies act 1956 or companies act 2013 are required to compulsorily file their annual return of income and financial statement with Registrar of Companies (ROC) and tax department every year on or before the due date to avoid penalty.If the books of account required to be audited under section 44AB of income tax act, … [Read more...] about Income Tax and ROC filing due dates for Private limited companies
company law
A Simple Guide to Registering a Private Limited Company in India
Starting a business in India is an exciting step, but before you can begin, you must legally register your company. This process is called company incorporation, and it turns your business into a recognized legal entity. In this easy-to-understand guide, we’ll walk you through the entire company registration process in India. By following these steps, even if you are new to … [Read more...] about A Simple Guide to Registering a Private Limited Company in India
Post incorporation compliance for private limited companies
After incorporation, a private limited company is required to comply with certain statutory requirements under the Companies act 2013.Non-compliance to these mandatory requirements may lead to fines and penalties.Therefore, we suggest you to be aware about these post incorporation compliance requirements applicable to a private limited company.Now a days, PAN and … [Read more...] about Post incorporation compliance for private limited companies
Why startups prefer private limited company?
The most common scenario to get started a business in India, is either to register as a sole proprietorship or partnership business. However, in certain cases private limited company is a better option in comparison to a proprietorship or partnership form of business.Remember, often instead of writing Private Limited, people may use "Pvt Ltd." or "(P) Ltd.", it's all the … [Read more...] about Why startups prefer private limited company?