Every Private Limited Company, after its registration has to follow basic mandatory compliance as per the Companies Act, 2013. For various events, lot of filing is required to be undertaken with Registrar of Companies. Some of the compliances are event based whereas other compliances are periodic. Team of Startup Setup will maintain your company law compliance hassle free at reasonable package. A team of expert secretarial will maintain fulfill compliance part
The Company has to file its Balance Sheet and Profit & Loss Account also. The Balance Sheet and Profit & Loss Account are to be filed within 30 days of holding the AGM. It is always advisable to file the Annual Returns, Profit & Loss Account and Balance Sheet on time as heavy penalties for late filing of returns are provided by Companies Act, 2013.Managing the day to day operations of your business along with complying the corporate laws can be slightchallenging for any businessperson. Our team of professional can comply legal requirements to ensure timely fulfilment of compliances, without any levy of interest or penalty.
The First meeting of the Board of Directors of a Private Limited Company shall be conducted within 30 days from the date of Incorporation of company. Every company shall maintain minutes of all processing’s of every general meeting. The meetings need to be noted and the signed minutes need to be maintained at the Registered Office.
Private Limited Companies are required to file its Annual Accounts and Returns disclosing details of its shareholders, directors , financial statements, shareholding patterns etc, to the Registrar of Companies. Such compliances are required to be made once in a year. Non non filing of return penalty may attract to company.
A Private Limited Company has to maintain various statutory registers and records as required by the Company law such as Register of shares, Register of Members, Register of Directors , Resolutions by Board of Directors, Minutes of the Board Meetings and Annual General Meeting etc. are also required to be preserved by the Company.
Every Private Limited Company is required to hold a meeting of its shareholders once in every year within a period of six months from the date of closing of the financial year. The primary agenda of an AGM includes approval of financial statements, declaration of dividends, appointment or re-appointment of auditors, appointment and remuneration of directors etc.
In the course of business some of time based events may occur for which e filing need to done for change in Authorized capital of CompanyGiving Loan to DirectorsAppointment or change of Statutory Auditor of Company, Change in AOA or MOA ,Change in registered Office ,Appointment or Removal of directorAppointment of secretory / Cost Auditor.
Every director has to disclose about his directorship in other companies every year. The same need to be done in specified format as prescribed.Such records are to be kept at the registered office of the company and shall be open for inspection to its members during business hours.
All the Companies incorporated are mandatory required to file various forms, returns and documents with the Registrar of Companies (ROC) in an electronic mode within the prescribed time along with the prescribed fees.
At the end of each financial year, all Private Limited Companies/Public Limited companies have to close their accounts and conduct audit. After completing the audit an Annual General Meeting has to be conducted to pass the audited Balance sheet and P&L account with Auditors Report. This Balance sheet and other financials of the company have to be filed with Registrar of Companies.
Companies have to Comply with ROC by filing various return, forms and documents and these could be characterized in two heads.
Given below is the list of few events in which compliance with ROC is required:
If a company fails to file Annual Return with Registrar of companies within the specified time, then the company shall be liable to pay penalty till filing of Annual return.
The Directors of the Company must sign the Annual return of the Company. The Balance Sheet, P&L Account that is filed along with annual return must be audited and signed by Practicing Chartered Accountant.
Yes, a Foreign National or an NRI can be a Director in a Private Limited Company in India after obtaining Director Identification Number. However, at least one Director on the Board of Directors must be a Resident India.
Our Team can advise on the mandatory e filing applicabe to the company and time line for filing the same.
Our expert team will prepare documents for annual filing based on the events occured and financial statments.
Our team shall share documents prepared with the authorized person for validation of informaiton filed in e filing.
After approval of inforamtion by authorized person our team shall file e returns to minsitry of corporate affairs.
Our experienced team of professional and help you in deciding and incorporating Private Limited, LLP, One Person Company, proprietary firm and other business entities. We advise on complete one roof services for business registrations.
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