ROC Annual Filing

  Introduction   The Companies Act, 2013 governs the format and regulation of companies in India. There are many types of companies in India and one of them is a Private Limited Company. A Private Limited Company is established when there is a minimum of 2 directors and a maximum of 200 members. A Private Limited Company can be formed in 3 different ways with different levels of responsibility and liability for the members and shareholders. The prime focus on of this blog is to know the three different types of Private Limited Company in India. But first, we will discuss "What is a Private Limited Company ?".   What is a Private Limited Company?   A company that is controlled and managed by a small group of individuals is known as a Private Limited Company. These businesses are run by private stakeholders. The company is formed when there is a minimum of 2 directors at the time of incorporation. Features of a Private Limited Company Limited Liability Protection: All member

    Introduction     If a company does not eligible for an exemption under Section 11 of the Income Tax Act of 1961, it must file an ITR 6 Form electronically to file its income tax returns. It is an annual compliance for a Private Limited Company . The companies that receive income from real estate held for charitable or religious purposes are eligible to seek an exemption under Section 11 ((Income from property held for charitable or religious purposes) of the Income-tax Rules. Therefore, companies that do not claim tax exemption under section 11 have to file an ITR 6.       What is ITR 6 form?     The ITR 6 form is an electric form filed by companies that do not claim an exemption under section 11 of the Income Tax Rules. It is a form that represents the company's income and expenses for the specific year. It is a mandatory compliance that a Private Limited Company has to file annually.     Who is qualified for filing ITR 6 form?     The following are eligible for filing ITR 6 f

      Introduction     LLP stands for Limited Liability Partnership. It is an alternative corporate structure where the members benefit from the feature of limited liability (which means that the members are liable for the shares they own) and the feature of the flexibility of partnership (which means that the members are free to decide the duties and responsibility of their own through an LLP agreement). When you register your business as LLP there is certain compulsory annual compliance for LLP that is required to be filed. In this blog, we will learn about the various LLP annual compliance and the benefit of filing annual compliance for LLP.       What is an LLP annual compliance?     Every Limited Liability Partnership must file LLP annual compliance each financial year to maintain an active status on the MCA portal. Regardless of the fact the LLP is in operation or not. LLP annual compliance is compliance which an LLP files to MCA and Income Tax Authorities. There are two differe