Private Limited Company is the most widespread type of business entity in India. The Ministry of Corporate Affairs (MCA) governs this under the statutory body, the Companies Act, 2013.
As per the MCA, every Private Limited Company must fulfill certain RoC compliances within a specified time to avoid penalties.
What are RoC compliances for Private Limited Companies?
Registrar of Companies or RoC works under the Companies Act, 2013. Section 609 of the Companies Act designates RoCs.
The purpose and duty of these RoCs are to ensure that the Private Limited Company and Limited Liability Partnership Companies comply with all the statutory requirements of the act.