Annaual Compliance for Private Limited
Each company registered in India, including a private limited company, limited company, one individual company, and section 8 company, must send annual returns to ROC each year. The annual general meeting must be held and annual reports must be filed with ROC. AGM must be held within 6 months of the end of the financial year, i.e. 30 September of each year.
There is limited liability coverage under a private limited company and it has various benefits like raising funds from Venture capitalist, continuous existence. Community trust comes at the cost of higher annual regulation.