Compliance for Private Limited Company in India: Complete Guide for FY 2024-25 Running a Private Limited Company in India comes with various legal, financial, and regulatory obligations. These compliance requirements ensure that the company remains legitimate, transparent, and in good standing with the Ministry of Corporate Affairs (MCA), Income Tax Department, and other statutory authorities. Whether you are a startup founder, CFO, or business owner, understanding the compliance requirements for a Private Limited Company is crucial to avoid penalties [...]

Secretarial Audit Applicability: Rules, Threshold Limits & Reporting Requirements Explained In India’s complex corporate governance framework, compliance plays a vital role in ensuring transparency, accountability, and adherence to laws. While financial audits examine the accuracy of a company’s financial statements, Secretarial Audit ensures that the company complies with all legal and regulatory requirements under the Companies Act and other applicable laws. Introduced under Section 204 of the Companies Act, 2013, the Secretarial Audit is a powerful mechanism that promotes [...]

LLP Annual Compliance in India: Complete Guide for FY 2024-25 Limited Liability Partnerships (LLPs) are one of the most preferred business structures in India for startups, professionals, and small enterprises. They combine the operational flexibility of a partnership with the limited liability protection of a company. However, every LLP registered under the Limited Liability Partnership Act, 2008 must follow a set of annual compliance requirements to remain active and avoid penalties. This article provides a detailed overview of all [...]

Audit Requirements for LLP in India: Threshold Limits, Compliance & Penalties Explained Limited Liability Partnerships (LLPs) have become one of the most preferred business structures in India for professionals, startups, and small enterprises. Combining the flexibility of a partnership and the benefits of limited liability like a company, LLPs are regulated under the Limited Liability Partnership Act, 2008, and administered by the Ministry of Corporate Affairs (MCA). However, like any other registered business entity, an LLP must maintain proper [...]

ROC Filing Due Date for FY 2024-25: Complete Guide for OPC, Private Limited, and LLP Every business registered under the Ministry of Corporate Affairs (MCA) — whether a One Person Company (OPC), Private Limited Company, or Limited Liability Partnership (LLP)  is required to file annual returns with the Registrar of Companies (ROC). These filings ensure that the entity remains compliant with the Companies Act, 2013 or the LLP Act, 2008 and maintains good standing on the MCA portal. Missing [...]