Companies Act (2013) has prescribed certain compliances for various forms of companies like the Private limited company, Public limited Company, One Person Company etc. Annual compliances include filing the documents like Annual Return, Annual Documents, Profit and Loss Account and Certificate of Compliance with the Registrar of companies within the specified time. In order to escape the penalty, every company is required to fulfill the compliances requirement within the prescribed time limit. Further filing the annual documents assists in the smooth functioning of the company, helps to ascertain the current position of the company and also helps to discover any kind of loopholes in the functioning of the company. Thus it very crucial for every company to comply with the annual compliances prescribed.
Some of the annual compliances for various forms of companies are stated follow: