A Private Limited Company has many advantages, i.e., separate legal entity, limited liability, transferable shareholdings, etc. but all this comes at an additional cost of surging compliances as well. Compliances for private limited company must be fulfilled timely, or businesses will have to face stiff penalties, which can go up to over a lakh. If a company still fails to adhere to its compliances, there are chances of it being blacklisted.
Advantages of Setting Up a Annual Compliance for Pvt. Ltd. Company :