What to bring to your first meeting with us
A short checklist for salaried people, traders and company founders, so the first meeting ends with a clear quote.
What happens at a company’s year end
Accounts, audit, AGM and two forms: the annual cycle for a small private limited company.
A private limited company has a fixed set of yearly obligations, whatever its size. Knowing them in advance makes the year end calm rather than rushed.
The books close on 31 March. Over the following months the accounts are finalised and audited by the statutory auditor, who must be independent of the firm that keeps the books. The board approves the accounts and calls the annual general meeting, which must be held by 30 September.
After the AGM, two forms are filed with the Registrar of Companies: AOC-4 for the financial statements, within 30 days, and MGT-7 or MGT-7A, the annual return, within 60 days. Each director also completes DIR-3 KYC once a year. Late filing attracts an additional fee for every day of delay, which adds up quickly.
The company files its income tax return too, by 31 October in audit cases. We prepare a calendar for each client in April, with every date and every document needed, and work through it month by month.
