COMPLIANCES REQUIRED AFTER INCORPORATION OF COMPANY
Incorporating is an important step in achieving business success. To start the process, you must prepare the required documents, including the articles of incorporation. The articles of incorporation and any other required documents will then be filed with the Secretary of State in the state in which the business will operate. The process of registering a business through the appropriate government agency is called incorporation. When a business incorporates, a new legal entity is created. The entity has the same powers a person would have under the laws.
After the incorporation of a company, it requires to follow certain rules and regualtions and timely compliances explained in detail as follow:
MANDATORY COMPLIANCES FOR COMPANY
|
S.NO. |
SECTION |
PARTICULARS |
FORM |
TIME PERIOD |
|
1 |
NA |
OPENING OF CURRENT BANK ACCOUNT AND TRANSFER CAPITAL AMOUNT |
NA |
NA |
|
2 |
SEC. 173 OF COMPANIES ACT,2013 |
CONVENING OF THE 1ST BM |
NA |
WITHIN 1 MONTH OF INCORPORATION |
|
3 |
SEC 139(6) OF COMPANIES ACT,2013 |
APPOINTMENT OF AUDITOR |
NA |
WITHIN 1 MONTH OF INCORPORATION |
|
4 |
SEC 184(1) OF COMPANIES ACT,2013 |
DISCLOSURE OF INTEREST BY DIRECTORS |
MBP-1 |
1ST BM IN EACH FINANCIAL YEAR |
|
5 |
SEC 164(2) OF COMPANIES ACT, 2013 |
DISCLOSURE OF NON DISQUALIFICATION OF DIRECTOR |
DIR-8(YEARLY) |
1ST BM IN EACH FINANCIAL YEAR |
|
6 |
SEC 46 OF THE COMPANIES ACT, 2013 |
ISSUE OF SHARE CERTIFICATE |
NA |
WITHIN 60 DAYS OF INCORPORATION |
|
7 |
SEC 85 & 88 |
MAINTANANCE OF STATUTORY REGISTER |
NA |
|
|
8 |
SEC 10 A OF COMPANIES ACT, 2013 |
DECLARATION OF COMMENCEMENT OF BUSINESS |
INC-20A(ONE TIME) |
WITHIN 180 DAYS OF INCORPORATION |
|
9 |
SEC 117 OF COMPANIES ACT,2013 |
FOR ALL THE SPECIAL RESOLUTION |
MGT-14(BASED ON EVENT) |
WITHIN 30 DAYS OF PASSING OF RESOLUTION |
|
10 |
SEC 92 OF THE COMPANIES ACT, 2013 |
ANNUAL RETURN |
AOC-4 |
WITHIN 30 DAYS OF THE AGM DATE |
|
11 |
SEC 92 OF THE COMPANIES ACT, 2013 |
ANNUAL RETURN |
MGT-07 |
WITHIN 60 DAYS OF AGM DATE |
EVENT BASED COMPLIANCES
|
1 |
SEC.12 of the Companies Act, 2013 |
INTIMATION OF REGISTERED OFFICE ADDRESS |
INC-22 |
WITHIN 30 DAYS OF INCORPORATION |
|
2. |
SEC 160 AND 168 OF THE COMPANIES ACT, 2013 |
CHANGE IN DIRECTOR |
DIR-12 |
WITHIN 30 DAYS OF SUCH CHANGES |
|
3. |
SEC 64 OF THE COMPANIES ACT, 2013 |
INCREASE IN AUTHORISED CAPITAL |
SH-7 |
WITHIN 30 DAYS OF ORDINARY RESOLUTIONS PASSED IN MEETING |
|
4 |
AS PER COMPANIES ACT, 2013 |
INCREASE IN PAID UP CAPITAL |
PAS-3 |
WITHIN 30 DAYS OF ALLOTMENT OF SHARES |
|
5 |
SEC 77,78,79 OF THE COMPANIES ACT, 2013 |
CREATION OF CHARGE ON PROPERTY |
CHG-1 |
WITHIN 30 DAYS OF DEED OF HYPOTHECATION OR CHARGE DOCUMENTS |
|
6 |
SEC82 OF THE COMPANIES ACT, 2013 |
SATISFACTION OF CHARGE |
CHG-4 |
WITHIN 30 DAYS OF SATISFACTION OF CHARGE |
|
7 |
AS PER COMPANIES ACT, 2013 |
FOR OBTAINING DIN NO FOR DIRCETOR |
DIR-3 |
WHENEVR NEED |
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