Annual Compliance & Audit Assistance: Keep Your Organization Legally Sound

Complete Legal Support by AK Legal Mantra
Our reliable and prompt Annual Compliance and Audit Assistance is available to companies, NGOs, societies, trusts, and other registered bodies at AK Legal Mantra. It is not merely a legal requirement—it’s an important process for maintaining your organization’s credibility, transparency, and long-term survivability.

What is Annual Compliance?

Annual compliance is the series of compulsory filings and disclosures an organization is required to make annually under different legislations, including the Companies Act, Income Tax Act, FCRA, and State Trust or Society Acts. Non-compliance can attract penalties, disqualification of directors/trustees, or even revocation of registration.

Major Annual Compliance Requirements

1. For Companies (Private, Public, Section 8)

  • Filing of Annual Return (MGT-7) and Financial Statements (AOC-4) with RoC
  • Holding compulsory Board Meetings and AGM
  • KYC of Directors and upkeep of statutory registers
  • Filing of Income Tax Return (ITR)
  • Submission of Audit Report and Form 3CA/3CB & 3CD, if required

2. In case of NGOs, Trusts & Societies

  • Preparation and auditing of Annual Financial Statements
  • Filing of Income Tax Returns (Form ITR-7)
  • Submission of FCRA Annual Return (Form FC-4) for foreign-funded organizations
  • Submission of activity and fund utilization reports with regulators
  • Renewal/retention of 12A, 80G, and FCRA registrations

3. GST & TDS Compliance

  • Filing of monthly/quarterly GST returns (GSTR-1, 3B)
  • Quarterly TDS returns (Form 24Q/26Q)
  • Annual GST reconciliation (GSTR-9) and audit (if applicable)

Why Annual Compliance & Audit Matter

  • Avoid Legal Penalties: Delays or errors in compliance attract heavy fines and regulatory action
  • Enhance Credibility: Well-audited accounts and proper compliance build trust among investors, donors, and stakeholders
  • Ensure Continuity: Many government benefits, tax exemptions, and registrations depend on timely compliance
  • Financial Discipline: Audits help uncover discrepancies and promote transparency

How AK Legal Mantra Can Assist

We provide end-to-end compliance and audit support, including:

  • Filing and documentation on an annual basis with RoC, IT Department, FCRA, and so on
  • Coordination with Chartered Accountants for statutory audits
  • Preparation of board resolutions, notices, and minutes
  • Preparation of audit-ready financials and reconciliation statements
  • Management of compliance queries and legal notices

With AK Legal Mantra, your legal and financial filings are accurate, timely, and hassle-free.

FAQs

1. What is the deadline date for annual compliance filings?
Due dates are different for different entity types. For corporations, RoC filings are usually due 30 to 60 days after the AGM. NGOs are required to file ITRs and FCRA returns by September and December, respectively.

2. Is audit compulsory for all entities?
Yes, most of the registered entities are required to have their accounts audited if their income is above the specified threshold or depending on their legal form.

3. What is the consequence of missing annual compliance?
Penalties, interest, disqualification of directors/trustees, and even loss of registration may follow.

4. Can AK Legal Mantra assist with compliance for multiple registrations (e.g., RoC + FCRA + Income Tax)?
Yes. We are experts in multi-level compliance and arrange all statutory filings under one umbrella.

5. Do you provide ongoing compliance packages?
Yes, we have monthly and yearly retainer ship plans to take care of all your legal and compliance requirements in a hassle-free manner.