Compliance refers to the capacity to follow instructions, a set of regulations, or demands.
A private limited company that was established in India must make sure that the requirements of the Companies Act, 2013, are properly followed.The Companies Act of 2013 oversees the holding of board meetings and shareholder meetings, as well as the selection, training, compensation, and retirement of the company’s directors.For registered Private Limited Businesses, RoC compliance is required. The business must meet the annual compliance requirement, regardless of overall revenue or capital investment.All businesses that have been registered in India, including private limited companies, one-person businesses, limited corporations, and section 8 businesses, are required to maintain annual compliances, including filing annual returns and income tax returns.
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