After getting certificate of incorporation a company has to comply with the various compliances under The Companies Act,2013.

After Incorporation Compliances:

  • Filing Verification of Registered Office (Form INC-22) 

If the company was registered with a temporary address the details of permanent registered office has to be filed filing of INC-22 for Verification of its Registered Office in Form INC 22 within 30 days of Company registration.

  • Name Board

Companies are required to affix the name of the company and address of its registered office outside every office or place in which it carries on business.

  • Applying for Company PAN

Obtain Permanent Account Number (PAN).

  • Opening of Bank for The Company

After incorporation of the Company, it is necessary to open a Current Account in the name of the Company with any Bank in India

  • Appointment of Auditor

The Board of the company will appoint the First Auditors who is a Chartered Accountant who holds a valid certificate of practice within thirty days from the date of registration of the company.

  • First meeting

The company shall hold a meeting of the Board of Directors within 30 days from the date of incorporation.

  • Interest disclosure

All the directors shall disclose interest in any entity at first board meeting of the company.

  • Issue of Share Certificate to the Subscribers of MOA

Company shall deliver the certificates to subscribers of the memorandum within a period of two months from the date of incorporation.

  • Commencement of Business Certificate

Company can commence its business operation only after filing the declaration of Commencement of Business. within a period of 180 days of the date of incorporation of the company in Form INC 20A.

  • Statutory registers

The company shall be required to maintain statutory registers at the registered office of the company.

♦ Annual compliances:

Board Meetings

Every registered company is required to conduct minimum 4 board meeting every year. The maximum gap allowed between two consecutive board meetings is 120 days.

  • Annual general meeting

The first annual general meeting shall be held within a period of nine months from the date of closing of the first financial year of the company and subsequent meeting within a period of six months, from the date of closing of the financial year.

  • Annual Filling
    • Filing of E-Form AOC-4: within 30 days from the date of its annual general meeting
    • Filing of E-Form MGT-7: within 60 days from the date of its annual general meeting 

Disclaimer: This article is for informational purposes only and is intended, but not promised or guaranteed, to be correct, complete, and up-to-date. Whitespan Advisory does not warrant that the information contained in this article to be accurate or complete, and hereby disclaims any and all liability to any person for any loss or damage caused by errors or omissions, whether such errors or omissions result from negligence, accident or any other cause.

Please feel free to contact the undersigned in case you require any further information/ clarification on the above article.

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March 2021