In the labyrinth of corporate governance, adherence to regulatory frameworks stands as an essential pillar, ensuring transparency, accountability, and ethical conduct within businesses. As we step into the financial year 2024-25, the importance of meticulous compliance cannot be overstated.
In this article, we delve into the intricacies of the compliance calendar as per the Companies Act, offering insights into the essential timelines, filings, and obligations that companies need to fulfill during the financial year 2024-25. From annual general meetings (AGMs) to filing of financial statements, appointment of auditors to disclosure requirements, each milestone on the compliance calendar is crucial in upholding the integrity and credibility of corporate entities.
Furthermore, we explore the implications of non-compliance and the potential ramifications that companies may face for failing to adhere to the prescribed timelines and regulatory requirements. By understanding the compliance calendar and proactively addressing their compliance obligations, companies can mitigate risks, enhance corporate governance standards, and foster investor confidence.
For Companies-
| Particular | Due Date |
| FORM MSME 1 – Reporting outstanding amount to MSME suppliers for more than 45 days (HY)
1st Half Year (April – September) 2nd Half Year (September – March) |
|
| MBP 1 and DIR 8 – Director’s Disclosure Forms | 1st Board Meeting of this financial year, i.e. 2024-25 |
| DPT 3 – Return of Deposits and/or outstanding receipt of loan or money other than deposits | 30th June 2024 |
| DIR 3 KYC – KYC of Directors allotted DIN | 30th September 2024 |
| Dematerialization of shares of specified Private Company | 30th September 2024 |
| ADT 1 – Appointment of Auditor in Annual General Meeting | 14th October 2024 |
| MGT 14 – Filing of resolutions with the ROC regarding Board Report and Annual Accounts | 30th October 2024 |
| AOC 4/AOC 4 (XBRL) – Filing of Annual Financial Statements | 30th October 2024 |
| PAS 6 – Half yearly audit report of Reconciliation of Share Capital on half yearly basis by unlisted public companies
1st Half Year (April – September) |
29th November 2024 |
| MGT 7/MGT 7A – Filing of Annual Returns | 29th November 2024 |
For Limited Liability Partnerships-
| Particular | Due Date |
| Form 11 – Filing of Annual Return | 30th May 2024 |
| Form 8 – Statement of Accounts & Solvency | 30th October 2024 |
Conclusion: Proactive adherence to the compliance calendar outlined in the Companies Act is imperative for businesses to mitigate risks and enhance governance standards. Failure to comply may result in severe ramifications. By fulfilling obligations diligently, companies can foster investor confidence and uphold the integrity of corporate entities in the dynamic business environment of FY 2024-25.
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