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After registering your company in India, you need to comply with various statutory and regulatory obligations.
This includes
We ensure that your statutory registers are meticulously maintained and regularly updated to align with the evolving requirements of regulatory authorities.
The compliance requirements for Private Limited Companies have undergone significant changes over the years. Here is a summary of the due dates for private limited company compliance in 2021.
| Compliance | Description |
|---|---|
| Commencement of business ( within 180 days) | For companies incorporated in India post November 2019 with a share capital, it is mandatory to acquire a Commencement of Business Certificate before initiating any business operations or utilizing borrowing powers. This certificate must be obtained within 180 days of the company's incorporation. Failure to obtain this certificate will result in penalties, with a fine of Rs. 50,000 for the company and Rs. 1,000 per day for the directors for each day of non-compliance. |
| Auditor Appointment (Within 30 days) | Every Indian company that is registered is required to designate a Statutory auditor within 30 days of its incorporation. Failure to do so will result in the company being unable to commence its business operations. Additionally, there is a monthly penalty of Rs. 300 for non-compliance. |
| Income Tax Return | Income tax returns must be submitted by September 30, 2021, for the fiscal year 2020-2021. |
| MCA Form AOC-4 | Private limited companies that are registered are required to submit MCA Form AOC-4 by the 30th of November 2021 for the financial year 2020-2021. Neglecting to file AOC-4 within the specified timeframe will result in a penalty of Rs. 200 for each day of non-compliance or delay. |
| MCA Form MGT-7 | Filing MCA form MGT-7 for FY2020-21 is mandatory by December 31, 2021. Not submitting MGT-7 by the due date incurs a daily penalty of Rs. 200 for each day of delay. |
| DIN eKYC | All company directors are required to complete the DIN eKYC or DIR-3 eKYC process. For DIR-3 eKYC, directors must furnish a distinct personal mobile number and a personal email address. Failure to complete the DIN eKYC process may result in a penalty of Rs. 5000. |
| Hold Annual General Meeting | A private limited company must conduct an annual general meeting (AGM) once every year, and it is obligatory to hold the AGM within six months from the conclusion of the financial year. |
| Director's report | The Directors' report will be prepared to include all the necessary information as mandated by Section 134. |
Annual return filing is a critical legal requirement for every company. We understand the significance of this process. Our expert team meticulously compiles all necessary financial documents, ensuring accurate and timely submission of your annual returns.
Transferring shares involves intricate legal procedures. Whether you're buying or selling shares, our professional team simplifies the Transfer of Shares process for you. We handle the documentation, ensuring that all relevant forms are completed accurately.
Allotment of shares is a pivotal step in a company's growth journey. With our assistance, you can navigate the complexities of Allotment of Shares smoothly. Our experts manage the documentation, helping you allocate shares to investors or stakeholders.
Changing the registered office requires adherence to legal procedures. We can help you smoothly transition your business address. We specialize in seamless Register Office Change services, ensuring you meet all necessary requirements within the stipulated time frame.
Ready to expand your business operations but need additional funds? Increasing capital is a strategic move. At StartEase, we assist in navigating the complexities of raising capital. Whether it's equity or debt, we guide you through the process, ensuring compliance with regulations.
Directors play a pivotal role in a company’s governance. Whether you're appointing new directors or handling resignations, we simplify the process. Our expert guidance ensures that directorial changes are executed smoothly, with the necessary notifications made to regulatory authorities.
We handle all the paperwork, ensuring that debts, expenses, and costs are settled appropriately. With our expertise, your company’s formal dissolution will be conducted efficiently, allowing you to conclude your business affairs with confidence.
Our dedicated team specializes in Post Funding Compliance services, ensuring your startup fulfills all legal obligations. We assist in filing reports, disclosing information to investors, and safeguarding investor interests, allowing you to focus on scaling your business.
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StartEase App is a cloud-based platform that simplifies business setup and compliance management. It also offers tax filings, payroll, trademark, ISO certification and contract drafting services.