ANNUAL COMPLIANCE FOR SMALL COMPANIES

‘‘Small Company’’ means a company, other than a public company,(ONLY PVT CO )Paid-Up Share capital of which does not exceed fifty lakh  & Turnover of which as per its last profit and loss account does not exceed two crore rupees  Not applicable on a holding company or a subsidiary company;a company registered under Section 8; or a company or body corporate governed by any special Act
The status of a company as “Small Company” may change from year to year. Thus the benefits which are available during a particular year may stand withdrawn in the next year and become available again in the subsequent year. Capital & Turnover both conditions to be fulfilled.
 
ANNUAL RETURN  E- FORMS FILING REQUIREMENTS-
 
1.   Section 92 -E-form:MGT-7
Annual Return: EverySmall Company will file its Annual Return within 60 days of holding of Annual General Meeting. Annual Return will be for the period 1st April to 31stMarch.
 
2.     Section 137 E-form:AOC-4
 
Financial Statement: Company required filing its Balance Sheet along with statement of profit and Loss account and Director Report in this form.
 
3.     Attachments:Balance Sheet, Statement of Profit & Loss account, Directors’ Report, Auditors’ Report and Notice of AGM.
 
DIRECTORS’ REPORT SECTION 134
 
Directors’ report shall be prepared by mention of all the information required for Small company to be signed by Chairman or two directors.
 
CIRCULATION OF FINANCIAL STATEMENTS SECTION 136
Company will send to the Members of the Company approved financial statement, Directors’ report and auditors’ Report at least 21 clear days before the Annual General Meeting.(Except in case of AGM is called on Shorter Notice)Notice as per section 101 .
 
YEARLY DIRECTORS DISCLOSURE TO COMPANY
Every year director shall disclose his interest  in other entities  & and his non Disqualification as per section 184A, 164(2) & 143 (3) G.