The term compliance describes the ability to comply with orders, set of rules, or requests. … All companies registered in India like a private limited company, one person company, limited company, and section 8 company need to maintain the annual compliances like annual returns and income tax return each year.

Compliance in business refers to following the relevant laws and regulations for your industry. That means more than just the basic rules about taxes and accounting. Depending on what industry you work in, you might have to comply with large, complex sets of laws that have a significant impact on your operations.

What is the Annual Compliance for Private Company? … For every company, it is compulsory to file an annual return and audited financial statements with MCA for every financial year. The RoC filing is mandatory irrespective of the turnover, whether it is zero or in crore.