It's that time of year when your Chartered Accountant receives nonstop calls. It's usual for you to experience sleepless nights at this time of year because the fiscal year is drawing to a conclusion and because of India's complicated Company Annual Compliance requirements. As awful as following rules may sound, no CEO of a developing start-up or business owner should ever take it lightly. Your Private Limited Company may be subject to severe fines and, in some circumstances, legal action if you violate statutory regulations. There are numerous Annual Compliance For MSME- income tax filing, directors’ reports, the appointment of an auditor - spelled out by various statutes and regulatory agencies, regardless of whether you manage an OPC or a private limited company.