A private limited company has a separate legal existence and identity, which requires maintaining its active status through regular filings with Ministry of Corporate Affairs. It’s a must for all companies to to file an annual returns and audited financial statements with Ministry of Corporate Affairs every financial year. RoC (Registrar of Companies) filing is also mandatory irrespective of the turnover, whether it is in crores or zero. For every registered Private Limited Company, it is a must to met annual compliances whether a single transaction or none undertaken. The due dates for annual filing of a company are based on the date of Annual General Meeting. The failure for submitting returns in a continuous basis may result in removal of the company’s name from RoC’s register, including disqualification of directors. Ministry of Foreign Affairs also initiate actions against the companies which fail to file annual returns.