Compliance After Company Incorporation

DoBiz India

Compliance for CompaniesEvery Private Limited Company, after its

incorporation has to follow basic mandatory compliance as per the Companies Act, 2013. In order to stay compliant and to be free from all

the headaches of compliance follow up, we DoBiz India provides you a Business packages at

affordable price to take care of your Private Limited Company.

Drafting of Minutes of the Meeting

Minimum of four (4) Board meetings has to be conducted by a Private Limited Company in a

calendar year. The Minutes should be properly recorded and maintained in Minutes Book and

Chairperson of the Meeting has to sign the Minute Sheets regularly.

Maintaining Statutory Registers

Statutory Registers such as Register of Directors, Register of Members, Register of

Shares etc has to be recorded and maintained duly. We will take care of preparing and

maintaining the registers and records of the company.

Issue of Share Certificates

After incorporation, share certificates have to be issued to the Shareholders of the Company. These Share Certificates will be issued once they deposit the share subscription money

into the company bank account and it has to be done within 60 days from the date of

incorporation.

Appointment of Statutory Auditor

Post –Incorporation within 30 days, the company has to appoint a Statutory Auditor in their first Board Meeting. Once the auditor is appointed, immediately it has to be intimated to the RoC

by filing an e-form ADT-1. This is very important and should be followed by all

Private Limited Company.

Convening Annual General Meeting

AGM is a shareholder meeting which should be held once in every year. For newly

incorporated companies the AGM has to be conducted within 18 months from the date of

incorporation and for an existing Private Limited Companies it should be within 15 months from the date of previous AGM.

Annual Filing & Annual Return

Every year after the end of financial year, all Private Limited Companies has to close their

books of accounts and should prepare the necessary financial statements such as

Balance Sheet, Profit & Loss Account. These financial statements have to be submitted to

RoC, by filing necessary forms.

Compliances After LLP Incorporation

Books of Account LLP should maintain proper books of account.

Change in partners

Any change in partner and designated partner (admission, resignation, cessation, death, expulsion) should be filed electronically in e-form 4 within 30 days of change with fees.

Supplementary LLP agreement

Such admission and cessation will alter mutual rights and duties of partner shall change. Hence, supplementary LLP agreement will be required which is also required to be filed in e-form 3 within 30 days of change with fees.

Compliances After LLP Incorporation

Heavy penalty Heavy penalty of Rs 100 per day for late filing of returns.

Inspection of documents

Incorporation document (form 2), Annual Return (form 11), Statement of Account and Solvency (SAS) (form 8 ) and Name of partners and changes, if any, made therein (form 4) are available for public inspection on payment of fees but LLP agreement is not available for public inspection].

Statement of Account and solvency

Statement of Account and Solvency (SAS) is to be filed annually in e-form 8 with required fees. It is to be filed within 30 days from expiry of 6 months from end of each financial year i.e. by 30th October.