Companies registered in India such as private limited company, one-person company, limited company, and section 8 company must file their annual returns in the Ministry of Corporate Affairs after filing their income tax return each year. Annual General Meeting must be conducted at the end of each financial year by the companies and Annual return should be filed with MCA to maintain compliances. In the case of newly formed Companies, the Annual General Meeting must be held within 18 months from the date of formation or 9 months from the date of closing of the financial year, whichever is earlier. Further, Annual General Meetings must be held within 6 months from the end of that financial year. The financial year starts on April 1st and ends on 31st March in India. So, September 30th will be due for filing the company’s annual return.
The Financial statement as per section 2(20) must be prepared for the Financial year, which shall be laid in the annual general meeting of that Financial Year. The Financial statement includes
- Balance Sheet
- Profit and loss account
- cash flow statement
- statement of change in Equity, if any
- Explanatory notes, if any
The Duly signed Board Report and the Auditor’s report must be attached to every Financial statement. To know more click here