Under the Companies Act 2013, the following compliance are majorly applicable to a Private Limited Company:
| 1. | First Board Meeting (post incorporation) and subsequent Board meetings | Every company shall hold the first meeting of the Board of Directors within 30 days from the date of its incorporation and thereafter hold a minimum of 4 board meetings every year (calendar year) in such a manner that not more than one hundred and twenty days shall elapse between two consecutive meetings of the Board.
(In case of a Small Company two meetings of Board in a calendar year with a minimum gap of 90 days shall suffice the purpose). |
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| 2. | Share Certificate | Post incorporation, the Company needs to issue share certificates to the subscribers within 60 days from the date of its incorporation. | |
| 3. | Disclosure of Interest by Directors | The Directors of the Company needs to disclose in Form MBP-1 their interest in other entities, if any, at;
· The first meeting in which he participates as director; or · The first meeting of Board in every FY; or · Whenever there is a change in disclosures. |
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| 4. | Declaration of non-disqualification | Every person appointed as Director or reappointed as Director has to give a declaration in form DIR-8 that he is not disqualified to be appointed as Director under section 164(2) of the Companies Act, 2013. | |
| 5. | Declaration for the Commencement of Business | Within 180 days from incorporation, every company is required to file an e-form INC-20A_Commencement of Business, declaring that all the subscribers to the memorandum have paid the amount of capital subscribed by them. | |
| 6. | First Statutory Auditor | Post incorporation, the Company needs to appoint the first auditor of the Company within 30 days from Incorporation, who shall hold the office till the conclusion of 1st AGM. | |
| 7. | Subsequent Auditor (e-Form ADT-1) | Every Company shall appoint a Statutory Auditor in its First AGM for 5 Financial Years, to audit its books of Accounts and intimate ROC in e-form ADT-1. | |
| 8. | Annual General Meeting | Every Company shall hold an Annual General Meeting of the members of the Company every year under section 96 of the Companies Act, 2013. | |
| 9. | Filing of Financial Statements, Board report, and Annual Return. | Every Company needs to file the Financial statement in e-form AOC-4 together with the Board Report, and other necessary attachments within 30 days from the date of the Annual General Meeting for the said financial year.
An Annual return in e-form MGT-7 together with necessary attachments shall also be filed by the Company with the Registrar within 60 days from the Annual General Meeting for the said financial year. |
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| 10. | DIN KYC in Form DIR-3 KYC | An e-form DIR-3 KYC is to be filed by or before 30th September every year by every person who is holding a DIN as of 31st March. | |
| 11. | Filing of e-form MSME-1_Return for Delay in payments to MSMEs | For delay in payments to MSMEs beyond 45 days, the company is required to inform the ROC in e-Form MSME-1 on a half-yearly basis before 30th April and 31st October every year. | |
| 12. | Filing of e form DPT-3_ Return of Deposit | An e-Form DPT-3, if applicable, has to be filed with the ROC before 30th June for every financial year ending on 31st March by the Company as a Return of Deposits. | |
| 13. | Filing of FLA Return | Any company which has received FDI and/or made FDI abroad in the preceding FY shall file FLA Return with the RBI by or before 15th July every year. | |
