How do Private Limited Companies Maintain Compliance in Pune?
The most common way to start a business is through a private limited company, however, once your company is incorporated, several compliances must be followed.
It can be a little difficult for
any entrepreneur to manage the day-to-day operations of their organization
while also adhering to corporate regulations. Therefore, it is crucial to get
professional assistance and comprehend these legal requirements to ensure that
compliances are complete without the imposition of interest or penalties.
Here Alonika, experts will help you to understand the concept of Mandatory Annual
Compliance in Pune.
Mandatory Annual Compliance in Pune:
Ø Board
of Director’s Meeting: The first Board meeting must take place within
30 days of the company's incorporation. Thereafter, 4 board meetings must be
held each fiscal year, spaced so that there is never a gap of more than 120
days between meetings.
Ø Issue
of Share Certificate: Within 60 days of the company's incorporation,
the company must issue Share Certificates to the subscribers to the memorandum.
Ø Appointment
of First Auditor: The first auditor of the Company shall be appointed
by the Board of Directors within thirty (30) days after the date of
incorporation and shall hold office until the conclusion of the first Annual
General Meeting. In the case of the First Auditor, there is no need to file an
ADT-1.
Ø Appointment
of Subsequent Auditor: The subsequent Auditor will be appointed for
five years by the AGM. With 15 days of appointment at the Annual General
Meeting.
Ø Annual
General Meeting: The Annual General Meeting of each Private Limited
Company shall be held during regular business hours on or before September 30
of each fiscal year. On a day that is not a general public holiday or at the
registered office of the private limited company in the village, town, or city
where the registered office is situated. Annual
Compliance for Companies
Ø Annual Return forms:
·
Filing of
Form MGT-7: Must be filled out within 60 days after the annual general
meeting.
·
Filing of
form ADT- 1: within 15 days of the auditor's appointment date.
·
Filing of
Form AOC- 4: within 30 days after the annual general meeting.
Ø Audit
Report: Every Private Limited Company is required to prepare its
accounts reports and receive the appropriate audit from a
Professionals/Chartered Accountant after each financial year. The Auditor must
include an Audit Report and the company's audited financial statements when
submitting the firm to the Registrar.
Ø Directors' Report: The Private Limited
Company should file this along with all the necessary information that a Small
Company is required to give under Section 134.
Ø The
Annual Financial Statement: The Private Limited Company should make
sure that at least 21 days before the Annual General Meeting (AGM), the annual
financial statement and other documents, such as the Director's Report and the Auditor’s
Report, have been distributed or delivered to the members.
Ø Maintaining
Statutory Registers: It is necessary to maintain the statutory register
of chargers and register of directors etc.…
Documents required for
the Startup Compliance services:
The following documents are
required for the startup compliance services in Pune:
·
Director’s DSC
·
PAN Card.
·
Certificate of Incorporation
·
Certificate of MOA and AOA
·
Audited Financial Statement
·
An audit report of the Board of Directors
The Advantages of the
ROC Annual compliance in Pune:
The following points are the
benefits of company
Annual Filing in Pune:
·
Stay out of default
·
A letter to prospective investors
·
ensures credibility
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