A Private Limited Company is bound to file an annual financial report for every fiscal year with MCA. The ROC filing is necessary regardless of the company’s turnover or if it’s undertaken or not, a certified organization must show its annual compliance. An annual general meeting must be held by the directors and within the 30 days of the meeting, the company is expected to file the annual return for the time 1st April to 31st March. The year-end balance sheet along with the profit & loss account and director’s report must be filed as well. If a company continuously fails to do so within the due dates, the company’s name might be removed from the ROC’s register, and also the directors may face disqualification.
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