2 Documents Your Private Company Won't Prepare, 2 more relaxations Your Private Company Enjoys in preparing Annual Returns.

1. You don't have to prepare a cash flow statement and include it in its financial statements if your private company is a startup company or small company whose paid up share capital isn't over Rs50lac or your company's turnover is lesser than Rs2crore.

2. You don't have to furnish Internal Financial Control Report under section 143(3)(i) if your private company is a small company or has turnover less than Rs50crores as per latest audited financial statement or which has aggregate borrowings from banks or financial institutions or any body corporate at any point of time during the financial year less than rupees twenty-five crore.

3. You can get away by disclosing your directors' aggregate remuneration your private company paid to all its directors instead of mentioning each director's remuneration individually in your private company's annual return.

4. You can sign the annual return of your start-up private company if you've no company secretary.