What are the compliances by Private Limited Companies in India?

Compulsory Compliances by Private Limited Companies in India:

  • Board Meeting. 
  • Annual General Meeting (AGM) 
  • Appointment of the Auditor (Form ADT-1) 
  • Director Disclosure. 
  • Accounts to be Audited by a Statutory Auditor. 
  • Filing of Form MGT-7.
  • Filing of Financial Statement (Form AOC-4 ) 
  • Statutory Audit of Accounts. 






Compliances Particular


Non- Compliance Penalty







Section 139 (6)




Form ADT-1


First auditor shall be appointed within 30 days from Registration of the company & hold the office  till the conclusion of First  AGM.








Section 184(1)



Form MBP-1

Every director of the Company in First Meeting of  the Board of Directors in  each FY shall  disclose his interest in other entities

Director who fails to give disclosure of interest shall be punishable with imprisonment which may  extend to one year or with  fine which may extend to  INR. 1,00,000 or both





Section 10(A)(a)



INC- 20 A


All the companies must have to file Form INC-20A within 180 days from the date of registration for commencement of business.

Company liable to pay INR. 50,000 & every officer in Default liable to  pay Rs. 1000 per day till the default continues but maximum of INR. 1 Lakh.







Section 173(1)



Company shall hold First Meeting of the Board of Directors within 30 Days of the date of its incorporation.  Directors can participate in Board Meeting either in person or through video conferencing or other audio visual means.

Every officer of the company whose duty is to give notice of BM and fails to do so shall be liable to a penalty of INR. 25,000.






Rule 12A of

Companies  (Appointment

and Qualification  of Directors)  Rules 2014




Form DIR 3 KYC


All the Directors of company  shall file this form on or before 30th September  every year for all the  directors of the Company

DIN shall be marked as 'Deactivated due to non- filing of DIR-3 KYC' and  shall remain in such  Deactivated status until  KYC is done with a fee of INR. 5000.






Section 164(2) &

Section 143(3)(g)



Form DIR-8


Every Director of the Company in each FY will file with the company disclosure of non- disqualification.








    Section 88 & other Sections




Maintenance  of Statutory  Registers


Company will maintain the following compulsory Registers: Register of Director,  Registers of Director Shareholding, Register of Member, Register of transfer, Register of related party etc.


Company and Every Officer of the company who is in default shall be punishable with fine not  less that Rs. 50,000 but which may extend up to INR. 3 Lakh and in case of continuing failure further fine of INR. 1000/ day

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