Compliance Services for Private Limited Companies

A Private Limited Company offers a structured framework for business operations, but it also carries with it a set of regulatory and statutory obligations. Adhering to these compliance requirements is essential to maintain good legal standing, avoid penalties, and foster stakeholder trust.

At Shubham Anand & Co, a structured approach is adopted to assist Private Limited Companies in meeting their annual and event-based compliance needs efficiently and systematically.

Scope of Compliance Support

The major areas where compliance is essential for Private Limited Companies include:

Statutory Audit

Every Private Limited Company, irrespective of its turnover or capital, is required to undergo a Statutory Audit in accordance with the Companies Act, 2013.
The scope of support includes:

    • Verification of books of accounts and financial statements
    • Ensuring adherence to applicable accounting standards and laws
    • Preparation and filing of necessary audit reports and disclosures

    Income Tax Return (ITR) Filing

    Filing an accurate and timely Income Tax Return is crucial for companies to fulfill their tax obligations under the Income Tax Act, 1961.
    Professional assistance can be provided in:

      Computation of taxable income

      Claiming eligible deductions and exemptions

      Filing of applicable ITR forms (such as ITR-6)

      Tax Audit under Section 44AB

      Companies crossing prescribed turnover thresholds are required to undertake a Tax Audit as per Section 44AB of the Income Tax Act.
      The services in this regard typically cover:

        Conducting the audit as per statutory requirements

        Preparation and submission of Tax Audit Report in Form 3CA/3CB and 3CD

        Recommendations for strengthening accounting and tax practices

        ROC Filings and Company Law Compliance


        Every Private Limited Company must comply with annual and event-based filing requirements under the Companies Act, including but not limited to:

          • Filing of Annual Returns (Form MGT-7)
          • Filing of Financial Statements (Form AOC-4)
          • Filing of Director KYC (DIR-3 KYC)
          • Event-based compliances such as change of directors, share allotments, and others
          • Assistance in maintaining statutory registers and minutes of meetings

          Importance of Regular Compliance

          Timely and accurate compliance offers several benefits:

          Strengthens corporate credibility

          Enhances the ease of securing bank loans or attracting investors

          Mitigates the risk of penalties and legal disputes

          Helps in maintaining the continuity of business operations without regulatory hurdles

          Regular compliance also reflects the company’s commitment to transparency, governance, and ethical business practices, thereby fostering trust among stakeholders.

          Approach Towards Compliance

          Each company’s compliance requirements may vary based on its size, operations, and growth stage. A structured compliance calendar, proactive documentation, and professional oversight can greatly ease the process of fulfilling annual and periodic obligations.

          Organizations seeking to align their compliance practices with statutory expectations may benefit from professional guidance to streamline processes, stay updated with regulatory changes, and build a strong foundation for sustainable growth.