Private limited Company
A private limited Company which is that form of a Company that is privately held by a director or a group of Directors for a small scale business. The liability of the members of this firm of a Company is limited to the number of shares that are held by them. The share of the Private Limited Company cannot be publicly traded.
Filing of Private Limited Company (Non-XBRL)
The annual filing that is mandatory in accordance with the laws, rules, and regulations, as stated by the ComPANies Act, 2013, is a yearly return. Those comPANies which are registered under the ministry of corporate Affairs in the ROC sector, then they must submit the respective form in the stipulated time period.
Also, the balance sheet and the profit and loss account have to be prepared at the end of the financial year and it has to be audited by the chartered accountant or the CA.
All about the meeting pROCedure
Moreover, for a newly Incorporated Company, the Annual General Meeting has to be held within the next 18 months from the date of registration. Or the General Meeting has to be held within 9 months earlier from the date of closing of the financial year, whichever is earlier. After this, the meeting has to be held every 6 months prior to the ending of the financial year.
