office@charteredchoice.in
File Annual Compliance Forms
For Producer Company
Our Facts and Figures
What is annual compliance for Producer Company?
What does a producer company do?
Annual compliance of the Producer Company
- The term Annual Compliance is used to describe the specific forms that are required by the Registrar to be filed with the Company during the course of a calendar year.
- It is mandatory for any company to adhere to the Annual ROC Compliance.
- The Producer Company must file with MCA the balance sheet, P&L account and other documents.
- As a Producer Company you must file your Annual Compliance forms correctly and on a regular schedule to maintain a good legal standing for your company. Here are the main compliances for a Producer Company.
- Every financial year, hold an annual general meeting.
- Audit balance sheet and profit and Loss Accounts of the Producer Company
- Do not forget to file your annual return.
Types TDS Return Forms:
For PARTNERSHIP/Pvt. Ltd. COMPANY
FOR Proprietorship Firm Registration
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Benefits of complying with the annual compliance for producer companies
- Transparency and Credibility: Compliance for Producer Company is mandatory. The credibility of the organization is increased when the company maintains a regular Annual Compliance.
- Active status: Failure to comply with the Annual Filing for Producer Company or non-filing of documents may result in the name of the Company being struck off by the Registrar of Company. Annual compliance is important to maintain active status.
- Assures Customers and Investors: Get a competitive edge for the Producer Company on the market with Charted Choice Annual Filing. This can help to advertise your business and reassure investors and customers of the company’s operations.
- Avoiding penalties: The Producer Company can avoid heavy penalties by submitting the Annual Compliance on time.
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FAQs of Producer Company Annual Filing
What is the annual return for producer company?
Every year, the annual return along with other documents such as the P&L account and balance sheet is filed. The Ministry of Corporate Affairs is responsible for this department, which is separate from the Income Tax Department.
Who Signs the Annual Return?
According to the Foreign Contribution and Regulation Act 2010, Section 8 Companies must meet special requirements in order to receive funds, contributions or donations coming from abroad or outside India. If a Section 8 Company wants to receive money from a foreign country, they must obtain FCRA registration.
Is a non-working Producer Company still required to comply with Annual Compliance even though the Producer Company does not work?
The Producer Company is required to submit all of the Annual Compliance Forms, regardless of whether it works or not.
Do Producer Companies have to hold board meetings? How many meetings are held in a calendar year?
A Producer Company is required to hold a minimum of 4 Board Meetings, with no more than a 3 month gap between each meeting.
What is meant by Financial Statements?
The MCA requires that all COMPANY’S registering with them submit a ‘Balance sheet and Profit & loss statement with Directors’ Report, and Auditors’ Report’. This should include a declaration of the company’s solvency. The directors are responsible for this.