Hope your entrepreneurial journey has been rewarding for you in last financial year, and thank you for making your contribution to build corporate India. While you have already mastered how to successfully manage day to day operations of your business, it is important that you comply with statutory requirements. Annual compliances are mandatory requirement for any Private Limited Company, and not doing so can result in penalties. Also, non-functioning companies or companies with no activity are also required to file annual return at the end of each financial year.
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