Business

India — Business: Annual Compliance

Every Private Limited Company in India must hold an Annual General Meeting (AGM) — for FY ending 31 March 2026, by 30 September 2026 — undergo a mandatory statutory audit regardless of turnover, and file AOC-4 (financial statements) within 30 days of the AGM and MGT-7 (annual return) within 60 days of the AGM with the Registrar of Companies (ROC). Directors holding a DIN must complete DIR-3 KYC annually (by 30 September for FY 2025-26). Late filing of AOC-4/MGT-7 incurs a ₹100/day penalty with no cap, and directors of a company that fails to file returns for 3 consecutive years face a 5-year director disqualification.

Ministry of Corporate Affairs (ROC) / Companies Act, 2013 · Last verified 2026-07-20

Key Facts

  • AGM for FY ending 31 March 2026 must be held by 30 September 2026.
  • Statutory audit is mandatory for every Private Limited Company regardless of turnover or profitability.
  • AOC-4 (financial statements) due within 30 days of AGM; MGT-7 (annual return) due within 60 days of AGM.
  • DIR-3 KYC is required annually for anyone holding a DIN, due by 30 September for FY 2025-26.
  • Late AOC-4/MGT-7 filing: ₹100/day penalty, uncapped; 3 consecutive years of non-filing triggers a 5-year director disqualification.

Steps

  1. Complete statutory audit — Must be finished before the AGM.
  2. Hold the AGM — By 30 September for a 31 March fiscal year-end.
  3. File AOC-4 — Within 30 days of the AGM — financial statements.
  4. File MGT-7 — Within 60 days of the AGM — annual return.
  5. Complete DIR-3 KYC — For every director holding a DIN, annually by 30 September.

Costs

  • Late AOC-4/MGT-7 filing penalty: ₹100/day, no cap

Timelines

  • AGM deadline (31 March fiscal year-end): By 30 September
  • AOC-4 filing: Within 30 days of AGM
  • MGT-7 filing: Within 60 days of AGM

Required Documents

  • Audited financial statements
  • Annual return details
  • DIN details for DIR-3 KYC

Common Mistakes

  • Missing the AOC-4/MGT-7 filing deadlines — the ₹100/day penalty has no cap and compounds quickly.
  • Allowing 3 consecutive years of non-filing, which triggers automatic director disqualification for 5 years.

Related Topics

company-formationaccountingcorporate-tax
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