Before we learn about the annual compliance of a private limited company let us first understand its business structure. According to Section 2(68) of the Companies Act, 2013 a private limited company is a privately owned legal business entity. The private stakeholders have complete control over it. There is no restriction as such. Anyone can set up a pvt ltd company. For instance businesses in the field of rendering plumbing solutions, dentist services, driving solutions, retail stores, etc. This kind of business structure is known to offer several advantages.

A Section 8 Company is related to endorsement of religion, social welfare, charity, science, art, research, education, sports, protection of the environment, and other similar entity. The sec 8 company formation proposes to implement entire income, earning, and profit in promoting these entities.
There is no clause of income and or dividend to its members. These companies are considered limited companies due to their registration under the Companies Act. They will be regarded as a limited company but without the name “limited” addition to their name. These companies can be registered under