After incorporation company has to follow to certain compliances, and certain compliances which has to follow annually, hence to know about these compliances please take a look below mentioned table.

List of compliances for Companies

Sr. No. Particulars Time Limit Fees and Penalty Remarks
1 After Incorporating company have to deposit Paid up Capital in Bank Account Immediately No fees
2 Declaration of Commencement of Business file in form INC-20A Within 180 days from the date of incorporation Check Fees & late fees below mentioned Penalty:

Rs. 50,000/- to Company

Rs. 1000 per day to every officer (Max. 1,00,000 per officer)

3 Notice of situation or change of situation of registered office to be filed in form INC-22 Within 30 days from the date of incorporation or change Check Fees & late fees below mentioned
4 Conduct first board meeting & Appoint first auditor (ADT-1) Within 30 days from the date of incorporation Penalty:

Rs. 25,000 to company

Rs. 5,000 per officer to every officer in default

5 Notice of deposits to be filed in form DPT-3 Within 90 days from the closure of financial year Check Fees & late fees below mentioned Penalty:

Rs. 5,000 to Company

Rs. 500/day per officer to every officer in default

Deposits taken from directors, friends etc.
6 File form MSME-1 in relation to outstanding dues to MSME along with reason (Half yearly)

For period April to September-31st October

For period October to March – 30th April

No fees

Penalty:

Rs. 25,000 to Company,

Rs. 25,000 – 3,00,000 or Imprisonment upto 6 moths or both for director

If purchase or sale from or to MSME
7 Update KYC of directors in form DIR-3 Upto 30th April of every financial year No fees, but after due date late fees Rs. 5,000 Time may be extended.
8 Active Company tagging identification and verification form was required to be filed for verification of Regd. Office in form INC-22A 15th June, 2019 for financial year 2018-19 but it may be applicable for f.y. 2019-20 Fees:10,000 Picture of interior of the office.
9 Conduct AGM every year Within 6 months from the end of Financial Year Penalty:

Rs. 1,00,000 to company & every officer

Continuing default then further Rs. 5,000 per day

10 File ADT-1 (intimation of Appointment of auditor to ROC) Within 15 days from the date of conduct of AGM Check Fees & late fees below mentioned
11 File AOC-4 (Details of financial statements etc.) Within 30 days from the conduct of AGM Check Fees & late fees below mentioned
12 File MGT-7 (Details of Shareholders or debenture holders etc.) Within 60 days from the date of conduct of AGM Check Fees & late fees below mentioned
13 Filing income tax Return Before 30th September every year

Fees for filing Form INC-20A/INC-22/DPT-3/ADT 1/AOC-4/MGT-7

Sr. No. Share Capital of Co. (value) Fees (rupees)
1 Less than 1,00,000 200
2 1,00,000 to 4,99,999 300
3 5,00,000 to 24,99,999 400
4 25,00,000 to 99,99,999 500
5 1,00,00,000 or more 600

Penalty for Late filing of Form INC-20A/INC-22/DPT-3/ADT 1/AOC-4

Sr. No. Delay in filing (no. of days) Penalty
1 Upto 30 days 2 times of normal fees
2 More than 30 days to 60 days 4 times of normal fees
3 More than 60 days to 90 days 6 times of normal fees
4 More than 90 days to 180 days 10 times of normal fees
5 More than 180 days 12 times of normal fees

Note: Late fees for filing Form MGT-7 is Rs. 100 per day additional fees along with normal fees.

Additional – Late filing of Form AOC-4 will attract these penalty fees specified below:

Fees for delay in filing the annual returns/balance sheet/financial statement 

Period of Delay Additional fee payable
Delay beyond the period provided under Section 137(1) of the Act – Due dates to file AOC 4 (within thirty days of the date of annual general meeting) Rupees 100 per day

Penalty for non-filing AOC 4

Defaulting Party Penalty Imposed
Company INR 1000 for every day of default subject to

Max of INR 10 Lakhs

1. Managing Director/Chief Financial Officer

2. In case of the absence of the Managing Director/Chief Financial Officer-Any other Director who the Board assigns the responsibility.

3. In case of the absence of any such Director-All directors of the company

INR 1 Lakh

+

INR 100 for each day of default subject to Max of INR 5 Lakhs

Author Bio

Qualification: CA in Practice
Company: Ankit Mahendra & Associates
Location: Lalitpur, Uttar Pradesh, IN
Member Since: 13 Jul 2020 | Total Posts: 13
I am qualified chartered accountant, engaged in practice and experience in Income Tax return filing, tax audit, Goods & Services Tax return filing, GST audit, various registration and incorporation etc. View Full Profile

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