Guidelines and Procedures for Filing Annual Returns by Companies
MCA requires all Indian companies – private limited companies, limited liability companies, corporations, and sections 8 companies – to file an annual report every year. Generally, filing annual returns is used to confirm that the company is still in the market, in business, or planning to start soon. A company that fails to file its Annual Return with the MCA for three successive fiscal years may lead to the director of that company being disqualified and to various penalties and punishments under the Companies Act, 2013. An annual report is required with the MCA by companies (private companies, limited companies, section 8 companies, and so on). The company would also have to file an income tax return, in addition to the MCA annual return. Annual General Meetings should be held by companies at the end of every fiscal year, before filing the annual return. Within 18 months after incorporation, newly combined companies should hold their first Annual General Meeting. From April 1...