Post Incorporation Compliances After Company Incorporation

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 

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