If you're a startup, your journey as an entrepreneur begins with registering your company. Learn more about private limited companies. A company is a legal entity governed by the provisions of the Companies Act, 2013, and the local laws of the state where it is registered. Most post-incorporation compliance deadlines typically fall within the first month. These steps are essential and mandatory following the company's registration. Delays or non-compliance can lead to serious offenses, resulting in additional fees and penalties. We are here to assist you with the necessary compliance for your company.
These days, a company can be incorporated using a communication address. In other words, if you haven't provided the registered address, you must do so within 30 days of incorporation by submitting Form INC -22
Every subscriber to the Memorandum of Association (MOA) (promoter shareholder) must deposit their portion of the paid-up capital into the company’s bank account. After that, they should file Form INC-20A as a declaration for the commencement of business.
The Directors of the Company must appoint the Statutory Auditor within 30 Days of the Incorporation, failing which the auditor must be appointed by the shareholders in an EGM within 90 Days.
The Directors of the Company must appoint the Statutory Auditor within 30 Days of the Incorporation, failing which the auditor must be appointed by the shareholders in an EGM within 90 Days.
The Company Annual Return is the process through which a company submits its annual report to the Registrar of Companies (ROC) and the Income Tax Department for the preceding year. This filing is mandatory, and non-compliance can result in significant penalties and other legal consequences. The financial statements, or books of account, are crucial in preparing and submitting the ITR (Income Tax Return) and ROC Returns. In the following section, we will systematically cover all aspects of a company's annual return process.
Every director of a private limited company must submit their updated residential address, current mobile number, and email address to the Registrar of Companies (ROC) using Form DIR-3 (KYC). Filing the director's KYC is mandatory for anyone holding a DIN number; failure to comply will result in the deactivation of the DIN. Please note that this process is entirely online, and we process DIN orders on the same day they are placed for filing the director's KYC.
At the end of the financial year, every company must prepare a financial statement, which includes a Balance Sheet and a Profit & Loss Account. This financial statement must then be audited by an independent Chartered Accountant (CA) in full-time practice. According to Section 139 of the Companies Act, a consultant should not verify their own work. We have a panel of independent auditors ready to audit your books of accounts, issue statutory audit reports, and sign off on the Balance Sheet.
A company is a separate and distinct legal entity, which means it is legally required to file its Income Tax Return for the year 2020-21, even if it existed for just one day in the fiscal year 2019-20. The audited financial statements and the opinion provided by the independent auditor in the audit report serve as the basis for preparing the company’s Income Tax Return. Delaying the filing of the ITR can have serious consequences, so it’s essential to file your ITR by the due date.
Form ADT-1 is the prescribed e-form for notifying the appointment or changes in the auditor of a company. Annual General Meetings (AGMs) are conducted to carry out four key activities: approval of financial statements, declaration of dividends, appointment of directors, and consideration of the auditor's appointment or reappointment. You must file Form ADT-1 with the Registrar of Companies (ROC) within 15 days of the conclusion of the AGM. If there is a delay, the form can still be filed, but it will incur an additional fee.
In Form AOC-4, a company submits its financial statements and directors' report as mandated by law. This process is commonly referred to as financial filing with the Registrar of Companies (ROC). The mandatory attachments for this form include the audited balance sheet, profit and loss account, auditor's report, and directors' report. The due date for filing Form AOC-4 is 30 days from the conclusion of the company's Annual General Meeting (AGM). If the filing is delayed, it can still be submitted, but an additional fee of ₹100 will be charged for each day of delay.
Form MGT-7 is the annual return of a company that must be filed within 60 days of the Annual General Meeting (AGM). This annual return reports all significant changes that occurred in the company during the financial year. It's important to note that this is a mandatory filing with the Registrar of Companies (ROC) and applies to all companies, even if there were no business transactions during the year. The details for this filing are prepared in Form MGT-9, which is submitted as an attachment to MGT-7. If Form MGT-7 is not filed on time, a penalty of ₹100 will be charged for each day of delay.
You are required to place the Enquiry and fill your details
Submit all the required Documents and information through E-mail or Whatsapp
All the required Documentation is prepared and Verified by our Experts
We shall then file your company annual with MCA on your behalf.
Once your company annual return is filed, we shall intimate you about the same.