COMPANY ANNUAL FILINGS

COMPANY ANNUAL FILINGS
For every company it compulsory to done annual filing, board meeting, company audit and many more. This compliance is compulsory even if there no activity in the company.

Organization Annual Compliance 

Organizations in India must direct an Annual General Meeting toward the finish of each money related year and document a yearly come back with the Ministry of Corporate Affairs to look after consistency. For recently fused Companies, the Annual General Meeting ought to be held inside a year and a half from the date of joining or 9 months from the date of shutting off the money related year, whichever is prior. Ensuing Annual General Meeting ought to be held inside a half year from the finish of that monetary year. In India, more often than not, the budgetary year begins on April first and end on March 31st. So a Company's yearly profit would be for September 30th. Yearly return comprises of data and reports that incorporate the Balance Sheet of the Company, Profit and Loss Account, Compliance Certificate, Registered Office Address, Register of Member Tandoor Manufacturer, Shares and Debentures subtleties, Debt subtleties and data about the Management of the Company. The yearly return would likewise reveal the shareholding structure of the Company, changes in Directorship and subtleties of exchanges of protections. Oval can help record your Company's yearly execution in India. isi registration

Reason for Annual filings
Statuary requirement
Annual filing is statuary compliance, which means it is compulsory to done by every company. In this balance sheet and other documents to be deposit to Minister of Corporate affairs.

Income Tax Return Filing
Every company need to file an income tax return every year. In case of non-filing of income tax return, penalties to be charged by the department.

Accounting
Every company should maintain books of accounts, in which balance sheet, profit and loss statement and some related documents are to be ready.

Follow Different Laws
In the annual filing, we check the applicability of different laws on the company, and if laws not followed by the company, then we ask the company to follow laws; otherwise, we provide a negative report.

Company Auditor
Every company needs any legal adviser who can manage all legal compliance. We provide company auditor who also checks out the compliance of the company.

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