Manage Your Company’s Annual compliance and return from financial statement preparation, annual report, director’s report, board resolution to MCA annual return filing, income tax return filing, auditor appointment, commencement of business filing etc. by our Tax Advisor at just Rs.19999/-
All Private Limited companies in India are governed by the Ministry of Corporate Affairs (MCA) under the Companies Act, 2013. According to this act every company i.e.private limited company, one person company, limited company, and section 8 company post incorporation, has to fulfil some mandatory legal obligations. This includes MCA annual return and income tax return each year.
Before filing annual return, the company must conduct an Annual General Meeting at the end of each financial year. For newly incorporated Companies, the Annual General Meeting should be held within 18 months from date of incorporation or 9 months from the date of closing of financial year, whichever is earlier.
Annual filing of the company includes all the documentation related to the filing of financial statements and Annual return which consists of information that includes the Financial Statements of the company, Certifications(if any) Registered Office Address, Shares and Debenture details, Register of Members, Debt details and information about the Management of the Company.
The annual return would also disclose the shareholdings structure of the Company, changes in Directorship and details of the transfer of securities. Private limited companies, limited companies and one person companies would be required to file Form ITR-6. Dormant companies with no transactions are also required to file income tax return each year.
|Penalty for Non-compliance
|1. Issue of Share Certificates
|The company must issue the Share Certificates to its shareholders within 2 months of its Incorporation or new allotment.
• Company: Penalty from Rs. 25,000 which may extend to Rs.500,000.
|2. Commencement of Business Certificate
|Companies registered in India after November 2019 and having a share capital are required to obtain commencement of business certificate within 180 days of incorporation of the company.
• Company: Penalty of Rs. 50,000 which may extend to Rs.500,000.
|3. Statutory Registers
|7 to 8 Mandatory Registers to be maintained and updated from time to time
• Company: Penalty of Rs. 50,000 which may extend to Rs. 3,00,000.
|4. Auditor Appointment ADT-1
• All companies registered in India must appoint a statutory Auditor within 30 days of incorporation.
• Penalty: Rs.300 per month and the company would not be allowed to commence business.
|5. Board Meeting Compliances
• 1st Board Meeting should be held within 30 days from date of incorporation.
• Company: Penalty from Rs. 25,000.
|6. Annual General Meeting (AGM) Compliance
• AGM is mandatory to be held every year.
Default in holding AGM:
• Company: Penalty upto to Rs. 1,00,000.
Minutes Book Maintenance:
• Company: Penalty upto to Rs. 25,000.
|7. MCA Form AOC-4
|Every company is required to file its Financials(AOC-4) with the ROC within 30 days of AGM or before 30th November of following AY.
• Penalty: Rs.200 per day of default or delay or Upto 12 times of normal filing fees for AOC-4 (Depending on the Delay time) .
|8. MCA Form MGT-7
|Every company is required to file its Annual Return(MGT-7) with the ROC within 60 days of AGM or before 31st December of following AY.
• Penalty: Rs.200 per day of default or delay or Upto 12 times of normal filing fees for MGT-7 (Depending on the Delay time) .
|9. Income Tax Return
|Private limited companies registered in India must file Income Tax Return on or before 30th September of following AY.
|Penalty: of Rs.10,000.
|10. DIN eKYC
|DIN eKYC or DIR-3 eKYC form must be filed for all the Directors of the company providing and verifying a unique personal mobile number and personal email address.
|Penalty: of Rs.5000 per DIN
In case of business,you are required to share Business or Profession Details,Business Expenses, Business Loan, and Books of Accounts (if available), Investments, Sales and Purchase Details, Any other incomes, Investments or Savings details .
For further queries kindly refer our FAQ section
Our team of experts will cover the following compliance requirements as mandated by the Ministry of Corporate Affairs.
The first meeting has to be conducted within 30 days of business incorporation after which four meetings shall be held every quarter in a calendar year. There should not be more than 120 days of gap between two consecutive meetings.
Our team keeps track of the board meetings and provides assistance related to it.
Every company needs to file its minutes of meeting maintained at the Registered Office and should be documented permanently in case of any dispute.
The company is required to issue share certificate to the subscribers of memorandum within 60 days of incorporation.
In the first Board Meeting, all the Directors are required to give disclosure about their interest in other business entity.
Form INC 20A mandatorily needs to be filed within 180 days from incorporation.
A company shall conduct at least one AGM each year. The first Annual General Meeting shall be held within nine months from the closing of the first financial year of the company. In other cases, it shall be within six months from the closing of the financial year.
Annual Return companies have to be e filed with the RoC within 60 days of the conclusion of AGM.
Every company has to hold a minimum of four meetings of its board of Directors, that is, at least one board meeting every quarter of the calendar year.
You have to provide the details in the form.
Submit all the required Documents and information for further process. Check the required documents here.
Once you have provided the details, our expert will guide you with the further filing process.
After submission and upon successful verification of all the required documents, one of our experts will do the necessary filing.
Once the filing is done we will inform you and provide the necessary documents.
Financial Statement Preparation, Annual Report, Director's Report, Board Resolution Preparation, MCA / ROC Annual Return Filing, Income Tax Return Filing, Commencement of Business Certificate For companies with a turnover of upto Rs.25 lakhs. Inclusive of government fee and GST.
Financial Statement Preparation, Annual Report, Director's Report, Board Resolution Preparation, MCA / ROC Annual Return Filing, Income Tax Return Filing, Commencement of Business Certificate For companies with a turnover of upto Rs.50 lakhs. Inclusive of government fee and GST.
Financial Statement Preparation, Annual Report, Director's Report, Board Resolution Preparation, MCA / ROC Annual Return Filing, Income Tax Return Filing, Commencement of Business Certificate For companies with a turnover of upto Rs.100 lakhs. Inclusive of government fee and GST.
Here’s how we can help you get rid of all accounting & book-keeping related complexities.
Statutory Auditor fee is payable on actuals directly to the Independent Auditor appointed by the Board of Directors.
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