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Applicable Compliances: Private Limited Company

Under the Companies Act 2013, the following compliance are majorly applicable to a Private Limited Company:

Private Limited Company
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.

 

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