COMPANY COMPLIANCE

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MUST BE COMPLIED BY PRIVATE LIMITED COMPANIES AS
PER COMPANIES ACT 2013
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COMPLIANCES

• Appointment of Auditor
• Board and Annual General Meeting
• Preparation of Annual Financial Statements
• Filing Annual Return
• Maintaining Statutory Records
• Tax Compliance
• Statutory Audit

• Mandatory Compliances

• Event Based Compliances

• Share Certificate Issuance
• Any change in Companys registered office
• Any change in Management
• Any change in business(object)of the Company
• Any change in capital of the Company

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Mandatory Compliances

• Appointment of Auditor
• According to Companies Act 2013-
• The first auditor of the company shall be
  appointed by the Board within 30 days of
  Incorporation otherwise within 90 days in Extra
  Ordinary General Meeting.
• Auditor shall be appointed
• In case of individual- for not more than 1 term
  of 5 years and in case of Audit Firm- for not
  more than 2 terms of 5 years.
• Appointment has to be confirmed by members at
  every Annual General Meeting.
• E- Form ADT-1 shall be filed with ROC within 15
  days of such appointment.
• Board and Annual General Meeting
• According to Companies Act 2013-
• First Board Meeting to be held within 30 days of
  incorporation and atleast 4 Board Meeting must be
  held every year and the time gap between 2 Board
  Meetings- should not be more than 120 days.
  Notice of Board Meeting shall be given atleast 7
  days in advance through electronic mode.
• Annual General Meeting must be held each year
  apart from other meetings and the first Annual
  General Meeting must be held within a period of 9
  months from closing of its first financial year
  otherwise in other cases within the period of 6
  months.

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• Preparation of Annual Financial Statements
• According to Companies Act,2013
• It is a report created annually that
  describes financial position of the Company.
  Financial Statements includes the Balance Sheet,
  statement of Profit Loss, Statement of retained
  earnings ,Statement of Cash Flow and Statement of
  change in Equity. It is the most important step
  in the Accounting cycle because it represents the
  purpose of Financial Accounting.
• Filing Annual Return
• According to Companies Act 2013-
• Annual Return shall be prepared by the
  Company in Form No.MGT-7 which contains such
  particulars as on the close of the financial year
  and file a copy of the same with the Registrar.

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• Maintaining statutory records
• According to Companies Act,2013
• Following are some of the documents and
  information need to be maintained by the Company
  at its registered office-
• MOA and AOA
• Register of members
• Register of Renewed Duplicate Share
  Certificate.
• Register of Charge.
• Tax Compliance
• According to Companies Act,2013
• Companies must file annual corporate tax returns
  with the Income Tax Department under ITR-6 under
  Income Tax Act,1961
• Companies that maintain international
  transactions as well as domestic transactions
  with related parties must file an annual transfer
  pricing audit.

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• Statutory Audit
• According to Companies Act,2013
• All Companies are required to get their
  books of accounts audited. The report need to be
  prepared as per the accounting standards and
  according to section 143 of the Companies Act,
  2013.

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• Event Based Compliances

• Share Certificate Issuance
• According to Companies Act, 2013
• Share Certificate shall be issued and
  delivered by the Company to all subscribers to
  the memorandum of association within 2 months
  from the date of incorporation.

• Any Change in Companys Registered office
• According to Companies Act 2013
• For change of Companys Registered office, a
  resolution is required to be passed in Board
  
• Meeting and intimate the Registrar of
  Companies for the same by filing e-Form INC-22
  within 15
• days from the date of such change.
• Verification of Registered office shall be
  filed in e- Form INC-22 along with the prescribed
  fee.

• Any Change in Management
• According to Companies Act,2013
• Company can change its director in case of
  disqualification, removal, death, insolvency and
  
• unsound mind. E-Form DIR-12 shall be filed
  with ROC within 30 days from the date of such
• change.
• For resignation of director e-Form DIR-11
  shall be filed within 30 days of such change.

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• Any change in business(object) of the Company
• According to Companies ACT,2013
• Change in object clause of the Company requires
  consent of members by passing
• special resolution. Following is the procedure
  for such change-
• Calling Board Meeting
• Issue notice of Extra Ordinary General Meeting
  to all members, directors and auditors of the
  Company
• Holding General Meeting
• Filing with ROC
• Any change in capital of the Company
• According to Companies Act, 2013
• The Authorised Capital of the Company can be
  increased or decreased at anytime with
• the approval of members or shareholders.
  Following is the procedure for such change-
• It should be permitted by Articles of
  Association.
• It should be approved by Board of Directors.
• Fix day, time and venue for holding Extra
  Ordinary General Meeting.
• Issue notice to shareholders, directors and
  auditors for holding such meeting.

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• Address- 460, 3rd Floor, Kohat Enclave,
• Pitampura, New Delhi -110034
• Mobile [phone]
• Telephone [phone]
• Email ID- info_at_monetic.in
• Website- www.monetic.in
• www.registrationwala.com

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MONETIC ALL RIGHTS RESERVED 2016