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).
|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.
|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.
|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.|