Compliance refers to the ability to comply with orders, rules, or requests. A private limited company incorporated in India must ensure compliance with the Companies Act, 2013, including the appointment, qualification, remuneration, and retirement of directors, as well as conducting board and shareholder meetings.<\/p>\n\n\n\n
When incorporating a private limited company in India, it is necessary to obtain a commencement of business certificate within 180 days of incorporation. All registered Indian companies must appoint a statutory auditor within 30 days of incorporation.<\/p>\n\n\n\n
Private limited companies must file MCA Form AOC-4, MCA Form MGT-7, and the Income Tax Return by specific due dates. Failure to file these forms on time may result in penalties. Additionally, all companies registered in India must maintain annual compliances like annual returns and income tax returns each year.<\/p>\n\n\n\n
Private limited companies must follow various compliances after incorporation, including statutory audit compliances and annual ROC filings. It is also mandatory to hold an annual general meeting and conduct board meetings. In case of non-compliance, the company and its members who default shall be punishable with a fine.<\/p>\n\n\n\n
Private limited companies must fulfill the following compliance requirements:<\/p>\n\n\n\n
Commencement of business (within 180 days)<\/p>\n\n\n\n
Auditor appointment (within 30 days)<\/p>\n\n\n\n
Income tax return (on or before 30th September 2021 for the Financial year 2020-21)<\/p>\n\n\n\n
MCA Form AOC-4 (on or before 30th November 2021 for the FY2020-21)<\/p>\n\n\n\n
MCA Form MGT-7 (on or before 31st December 2021 for FY2020-21)<\/p>\n\n\n\n
DIN eKYC<\/p>\n\n\n\n
Hold Annual General Meeting<\/p>\n\n\n\n
Director’s report<\/p>\n\n\n\n
Statutory audit compliances<\/p>\n\n\n\n
Annual ROC filings<\/p>\n\n\n\n
Dedicated Advisor<\/p>\n\n\n\n
A dedicated Compliance Manager will be assigned to your company to help maintain compliance and assist with accounting and secretarial services.<\/p>\n\n\n\n
Non-Compliance<\/p>\n\n\n\n
Failure to comply with the rules and regulations of the Companies Act may result in penalties and additional fees. It is always better to fulfill the compliances on time<\/p>\n\n\n\n
Compliance refers to the ability to comply with orders, rules, or requests. A private limited company incorporated in India must ensure compliance with the Companies Act, 2013, including the appointment, qualification, remuneration, and retirement of directors, as well as conducting board and shareholder meetings. Incorporation Process When incorporating a private limited company in India, it…<\/p>\n","protected":false},"author":1,"featured_media":2174,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[22],"tags":[],"_links":{"self":[{"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/posts\/1817"}],"collection":[{"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/comments?post=1817"}],"version-history":[{"count":2,"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/posts\/1817\/revisions"}],"predecessor-version":[{"id":2044,"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/posts\/1817\/revisions\/2044"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/media\/2174"}],"wp:attachment":[{"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/media?parent=1817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/categories?post=1817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/tags?post=1817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}