These Legal Compliances are Required for Private Limited Companies
We already know that companies in India are governed by the Companies Act, 2013. However, some amendments have been made to this act in the recent past.
Company law provides businesses with legal compliances that they need to follow and ensure its smooth operation within their working space. If you’re looking for business registration lawyers, visit our website to get an insight on such services offered.
As you must be aware about different business structures, Private Limited Company is considered to be the most reliable and
popular legal entity in India. However, there is a set of legal compliances which are required to be followed.
Below are a few common compliances listed for a Private Limited Company –
Appointment of an Auditor –The auditor should be appointed within the first month from the date of incorporation. This auditor will be appointed for a period of five years after filling an ADT-1 form.
Statutory Audit of Accounts – Just like any other audit, the purpose of statutory audit in Red a private limited company is to determine whether the Read More
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