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Business Compliance Services

Updated on: Apr 21st, 2025

3 min read

What are the annual requirements of companies?

Companies need to comply with various legal formalities. Mandatory important annual formalities for companies are

Annual MCA Return Filing
Income Tax Compliances
Statutory Audit requirements
Maintenance of Statutory Registers and Books of accounts
Annual RoC Filings
Annual General Meetings and maintaining minutes of these meetings
Directors’ Report
DIR-3 KYC
Board Meetings and maintaining minutes of the meetings
Circulation of Financial Statements and other documents

To know more about annual compliance requirements of companies, Please read here.

Fillings and Returns

Companies need to intimate the Registrar of Companies (RoC) whenever a new resolution is passed. They are also required to file annual returns with the RoC every year to show their financial position.

Annual returns have to be filed within a period of 60 days from the conclusion of the Annual General Meeting. It is very important to file returns and required documents with the ROC within the due dates. Filing on time will help avoid notices and penalties.

A business tax return is the income tax return required to be filed by companies. This contains details regarding the income earned, expense incurred, profit or loss made, and also details of the taxes paid. The returns give details of the assets and liabilities of the business.

For Companies/ LLPs the due date to file this return is the 30th of September after the end of the financial year. It is advised to file returns on time to avoid penalties and retain the eligibility to carry forward loss.

ClearTax services can help you comply with all of the above. CA will be assigned to you, who will help you throughout the process. To avail this service, click here

DIR-3 KYC

Every director in a company is allotted Director Identification Number (DIN) to help uniquely identify directors. Any person, appointed as a director to the company, has to has now made it mandatory submit their KYC details annually to ‘The Ministry of Corporate Affairs (MCA)’ by filing eForm DIR-3 KYC. Even disqualified directors with active DIN status should file this form.

The first deadline to file the DIR-3 KYC is 31st August 2018. If any director fails to file the form on or before the deadline, his DIN will get deactivated. To reactivate the DIN after the deactivation, a late filing fee of Rs 5,000 rupees will have to be paid.

ClearTax services can help you file DIR-3 in compliance with the law. CA will be assigned to you, who will help you throughout the process. To avail this service, click here