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ROC Compliance for Small and Normal Pvt Ltd Company

Today we are discuss on ROC Compliance for Small and Normal Pvt Ltd Company , Difference between  Small Pvt Ltd and Normal Pvt Ltd. Since the Companies Act has bifurcated the Private Limited Companies in 2 Parts i.e. Small Pvt Ltd and Normal Pvt Ltd.

In this blog will discuss on meaning of of Small Pvt Ltd and Normal Pvt Ltd  and what are the yearly ROC Compliance to be done by the  Small Pvt Ltd and Normal Pvt Ltd.

 Meaning Small Pvt Ltd

Small Companies means any Pvt Ltd of which Paid Up capital doesn’t exceed Rs. 50 Lacs OR Turnover doesn’t exceed 2 Crores.

Meaning Normal  Pvt Ltd

Normal Companies means any Pvt Ltd of which Paid Up capital exceed Rs. 50 Lacs OR Turnover exceed 2 Crores. or any company which is not a small Pvt ltd is a Normal pvt ltd company.

Example – We are describing here an chart to know whether a company is small company or normal company.

Company Paid Up Capital Turnover small company
A Pvt Ltd 1 Lacs 75 Crores NO
B Pvt Ltd 1 Crores 5 Lacs NO
C Pvt Ltd 1 Lacs 1 Crores Yes
D Pvt Ltd 1 Crores 75 Crores No

Paid up capital – It is as per latest audited Balance Sheet or else the paid Up Capital may be taken as per the current situation.

Turnover – It is as per latest audited Balance Sheet

ROC Compliance for Small and Normal Pvt Ltd Company

Particulars Small Pvt Ltd Normal Pvt Ltd Documents required
Board meetings Minimum 2 with minimum gap of 90 Days Minimum 4 witj maximum gap of 120 Days between 2 meetings Notice / Agenda / Minutes / Attendance Sheets / Resolutions Passed
General Meeting of members 1 AGM within 6 months of FY 1 AGM within 6 months of FY Notice / Explanatory Statement / Minutes / Attendance Sheets / Resolutions Passed
Filing related to Balance Sheet / P&L – form AOC 4 30 days of AGM 30 days of AGM Audited set of financials
Annual Return in form MGT 7 60 days of AGM 60 days of AGM detail for the FY but not AGM to AGM and it shall contain the detailed profile of the Company related to Board meeting dates, remuneration, related party contracts, KMP, CSR, Loans, Advances, Indebtness and various other detail
Director Report it shall form part of Financials and also MGT 9 (Extract of Annual Return shall be attached with it) it shall form part of Financials and also MGT 9 (Extract of Annual Return shall be attached with it) various detail of Loans, Advances, Director changes, Share Capital Changes, Address Changes, name changes, Investment, energy conservation, Director Responsibility Statement, Auditor Appointment, KMP, CSR, Foreign Inward or outward and other material detail to be incorporated
Financial Statement signing The authentication
has to be done by the chairperson of the company where he is authorised by the Board or by two
directors out of which one shall be managing director and the Chief Executive Officer, if he is a director
in the company, the Chief Financial Officer and the company secretary of the company, wherever they
are appointed.
The authentication
has to be done by the chairperson of the company where he is authorised by the Board or by two
directors out of which one shall be managing director and the Chief Executive Officer, if he is a director
in the company, the Chief Financial Officer and the company secretary of the company, wherever they
are appointed.
Annual Return Signing Annual Return shall be signed by – ­ a company secretary, or ­ where there is no company secretary, by a Director Annual Return shall be signed by – ­ a director and the company secretary, or ­ where there is no company secretary, by a Practicing Company Secretary after AGM
Director Report Signing The Board’s report and any annexures thereto shall be signed by its chairperson of the company if he is authorised by the Board and where he is not so authorised, shall be signed by at least two directors, one of whom shall be a managing director, or by the director where there is one director. The Board’s report and any annexures thereto shall be signed by its chairperson of the company if he is authorised by the Board and where he is not so authorised, shall be signed by at least two directors, one of whom shall be a managing director, or by the director where there is one director. along with financials
Statutory Registers a.       Register of Members a.       Register of Members all registers to be maintained mandatorily
b.      Register of Share Transfer b.      Register of Share Transfer
c.       Register of Directors c.       Register of Directors
d.      Register of Directors Share Holding d.      Register of Directors Share Holding
e.      Register of Concerns in which Directors are interested e.      Register of Concerns in which Directors are interested
f.        Register of Charges f.        Register of Charges
g.       Register of Share Application & Allotment g.       Register of Share Application & Allotment
h.      Register of Loan advance made / taken h.      Register of Loan advance made / taken
i.         Register of Investments i.         Register of Investments
j.        Register of Balance Sheet j.        Register of Balance Sheet
k.       Register of Disclosure of Interest k.       Register of Disclosure of Interest
l.      Any other registers to be maintained under Companies Act l.      Any other registers to be maintained under Companies Act
Form MBP 1 first BM of the Financial years or at the first BM of the any director in which he attends the BOD meeting first BM of the Financial years or at the first BM of the any director in which he attends the BOD meeting disclosure of interest
form DIR 8 01st April of every year and at the time of appointment as director 01st April of every year and at the time of appointment as director disqualification of Directorship
Auditor Appointment filing of ADT 1 within 15 days of AGM / appointment date filing of ADT 1 within 15 days of AGM / appointment date limit of 20 Companies to be considered for circulars

About TAX BANIYA

I am passionate about my work , What ever it be . Life has its own way to express , stay positive and keep going . Life doesn't go the way you want, " Learn to adapt and modify". My mantra to be happy in life " Life has always been uncertain why worry ...forget the past , live your present focus it

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