Introduction

Just like bringing a car/Bike from Showroom seems good at the beginning, but maintaining that car/Bike for a long time isn’t an easy task.

As the vehicle requires fuelling & maintenance, accordingly the compliances of the Company needs to be look upon timely as it’s better to bear the little timely cost of compliances rather than bearing heavy penalties later.

A brief overview of post Incorporation Compliances are as under:-

  • Holding of first Board meeting within 30 days from date of incorporation
  • Appointment of first Auditor within 30 days of incorporation by the Board of Directors of the Company
  • Disclosure of Directors interest and declaration regarding disqualification in first Board meeting in form MBP-1 & DIR-8
  • Opening of Current account in the name of Company within 30 days of incorporation
  • Deposit of amount held by respective subscribers within 60 days of incorporation in Companies Bank Account before allotment
  • Allotment of Securities within 60 days from date of incorporation
  • Issue of Share certificates within 60 days of incorporation
  • Payment of Stamp duty on issue of share certificates within 30 days from the date of issue of share certificates
  • Filing of form Inc 20A in respect of declaration of Business commencement within 180 days of incorporation
  • Holding of first AGM of Company within 9 months from the closure of its financial year
  • Holding of minimum number of meetings i.e. Board meetings & General meetings as per Companies Act, 2013 considering the size of Company
  • Annual Filing of forms i.e. AOC-4 within 30 days of AGM for financial statements & MGT-7 within 60 days of AGM for Annual Return
  • Maintenance of Statutory registers & records as per the Companies Act, 2013
  • Printing of letter heads, Memorandum & Articles of Association of Company, Visiting Cards etc., registered office Board etc.
  • Availing of company’s stamp, common seal etc.

Disclaimer: The Author does not in any way take responsibility & guarantee towards the 100% accuracy of the information provided in this article. The Author has tried to prepare the article based on the relevant information available & is a mere opinion of author. Other views are most welcome for the suggestions or improvements to be done in the article.

The Author is a Company Secretary in practice & for any query/suggestion can be reached at +91-8826108009 or Email at cs.lakshaysethi@gmail.com

Author Bio

Qualification: CS
Company: Lakshay Sethi & Associates
Location: Delhi, Haryana, IN
Member Since: 17 Jun 2018 | Total Posts: 14
The Author is a Company Secretary in practice and proprietor of Lakshay Sethi and Associates, a Company Secretary sole proprietorship firm which focuses on providing timely services and solutions to its clients. We deal in the field of Corporate laws, FEMA, RBI, Intellectual Property Rights and othe View Full Profile

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