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Key benefits include:
Heavy penalty of 200 rupees per day is applicable for non filling of compliance. Do compliance on time to avoid this
Ensure that your company adheres to the regulations set by the Ministry of Corporate Affairs, avoiding penalties and legal issues.
Compliance with MCA requirements enhances your business's credibility and trustworthiness in the eyes of stakeholders and clients.
Proactive management of compliance requirements reduces the risk of regulatory scrutiny and associated penalties.
Facilitating timely updates to your company’s structure and details helps maintain seamless business operations.
Streamlined processes for preparing and submitting required documents save time and reduce the likelihood of errors.
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Compliance is a crucial aspect of running a private limited company in India. It ensures the company operates within the framework of legal and regulatory guidelines set by the Companies Act, 2013. From annual filings like financial statements and income tax returns to event-based filings for changes in directors or shareholding, adhering to these requirements helps maintain transparency and avoid penalties. This guide outlines the key annual and event-based compliance obligations that private limited companies must fulfill to ensure smooth operations and legal compliance.
For Private Limited Company Compliance, call us at 7030307028 or WhatsApp Us for more details.
.1. Initial Consultation:
Schedule a call with our compliance experts to discuss your specific needs and the changes you wish to make.We will give you estimation of time and cost.
2. Document Preparation
We will assist you in gathering and preparing the necessary documents required for the compliance process, ensuring accuracy and completeness.
3. Filing with MCA
Our team will file the required forms and documents with the Ministry of Corporate Affairs on your behalf, ensuring compliance with timelines.v
4. Confirmation
Once the filings are accepted, we will provide you with the necessary confirmations and updated documents reflecting the changes made.v
5. Ongoing Support
We offer continued support for any future compliance needs or changes, ensuring your company remains compliant at all times.
Maintaining compliance is critical for private limited companies to avoid penalties and ensure smooth operations. Below is a detailed list of mandatory annual and event-based compliance requirements, structured for clarity.
For inquiries related to Private Limited Company Compliance, you can call us at 7030307028 or message us directly on WhatsApp by clicking here.
Want to know more about Private Limited Company Compliance? Reach out to us at 7030307028 or click here to WhatsApp Us.
Minimum 8 Years: Most registers (such as the Register of Members and the Register of Charges) must be maintained for a minimum of 8 years from the date of the last entry.
Debenture Register: For the Register of Debenture Holders, records should be kept for a minimum of 8 years after the debentures are redeemed.
Other Records: Form MGT-7 (Annual Return) and financial statements must also be maintained for at least 8 years.
Company Secretary (CS): If appointed, the CS is responsible for maintaining the registers.
Board of Directors: If no CS is appointed, the Board of Directors ensures the registers are maintained and updated.
Responsibility for Updates: The directors appointed by the Board handle updates to the registers in the absence of a CS.
Accessibility:
Registers must be maintained at the company’s registered office or at a place approved by the Board of Directors. Shareholders and other stakeholders can inspect these registers during office hours.
Filing with the Registrar of Companies (RoC):
Registers like the Register of Directors and KMP and Register of Charges must be updated and filed with the RoC as part of statutory compliance.
Audit and Inspection:
Registers may be inspected during annual audits or special audits by statutory auditors or authorized persons. Regulatory authorities may also scrutinize the registers to ensure compliance.
Changes in Register Entries:
Companies must update the registers when there are changes in information, such as an increase or decrease in shareholding, changes in directors or KMP, or creation/removal of charges. Relevant forms like DIR-12 (Appointment/Resignation of Directors) or CHG-1 (Registration of Charges) should be filed with the RoC as necessary.
Penalties for Non-Compliance:
Failure to properly maintain or update the registers can lead to penalties under the Companies Act, 2013, including fines or legal actions for non-compliance.
Electronic Records:
Companies may maintain registers electronically, provided they are properly backed up and accessible to authorized personnel.
Notices and Reporting:
Companies must notify directors, shareholders, and other stakeholders about updates to the registers. The registers must be available for inspection during the filing of annual returns and board meetings if needed.
By diligently maintaining these registers, a private limited company ensures compliance with the Companies Act, 2013, and upholds transparency in its operations.
1. Discuss Your Requirements
Share the specific event-based compliance needs with our team, such as changes in directors, company address, or capital.Call us at 7030307028 or click here to chat on WhatsApp.
2. We will give you quote
We will present a detailed proposal outlining the scope of work, timelines, and costs involved in the compliance process.
3. Document Submission and work done
Provide us with the required documents to proceed with the compliance service.
Cost
Our private limited yearly compliance services start from ₹9,999, the cost may vary based on the complexity of the compliance requirements.
Types of Changes Covered:
We handle compulsory and various event-based compliance needs, including:
Company annual compliance
Change in Director of Company
Change in Object Clause
Change in Company Address
Conversion of Company into LLP
Change in Capital Structure
Timelines Compliance
timelines vary based on the nature of the change; we will provide you with an estimated timeline during the consultation.
Documentation Required
Typical documents may include Board resolutions, updated MoA and AoA, consent letters, and KYC details of directors, among others.
Regulatory Updates
We stay updated with MCA regulations to ensure compliance processes are in line with the latest requirements.
Expert Team
Our team comprises legal and compliance experts with extensive experience in navigating MCA requirements, ensuring efficient handling of your requests.
Compliance is a crucial aspect of running a successful business in India. By ensuring timely adherence to legal and regulatory requirements, you can safeguard your company from penalties, legal issues, and maintain transparency with stakeholders. Here's why compliance matters:
By embracing compliance, you’re not only ensuring that your business meets the legal requirements but also strengthening its reputation and growth prospects. Don't wait for penalties or issues to arise—stay compliant, stay successful!
For guidance on Private Limited Company Compliance, feel free to reach out to us at 7030307028 or WhatsApp Us now!
Event-based compliance refers to the regulatory requirements that companies must fulfill when specific changes occur within the organization, such as director changes, address updates, or capital alterations.
Non-compliance can lead to penalties, legal repercussions, and damage to your company's reputation. Staying compliant ensures smooth business operations and maintains trust with stakeholders.
Common events include changes in directors, changes in the registered office address, changes in the capital structure, changes in business objectives, and conversions of companies.
You can start by scheduling a consultation with our team to discuss your specific needs and the changes you wish to implement.
Required documents may include Board resolutions, consent letters from directors, KYC documents, updated Memorandum of Association (MoA), and Articles of Association (AoA).
The duration varies based on the specific change; typically, it can take anywhere from a few days to several weeks for the MCA to process the filings.
While it's possible, it's recommended to engage professionals to ensure accuracy and adherence to MCA guidelines, minimizing the risk of errors.
Missing deadlines can lead to penalties and additional fines. It's crucial to stay on top of compliance requirements to avoid such issues.
We will provide you with regular updates on the progress of your filings and notify you once they are accepted by the MCA.
We can handle multiple compliance requests simultaneously, ensuring all changes are filed efficiently and accurately.
Yes, we provide ongoing support for any further compliance needs and guidance on maintaining compliance for your company.
While we primarily focus on Indian regulations, we can provide guidance on compliance related to foreign investments and other international considerations.
Our pricing starts from ₹5,000, depending on the complexity and number of compliance events you wish to address.
Absolutely. We take confidentiality seriously and ensure that all your company information is handled securely.
Yes, we assist with increasing or reducing share capital, including all necessary filings and documentation.
Our team continually monitors regulatory updates from the MCA to ensure all processes align with the latest legal requirements.
Non-compliance can result in fines, penalties, and legal action, as well as complications with future filings or changes.
We assist all types of companies registered under the Companies Act, including private limited companies, public limited companies, and LLPs.
Yes, we provide comprehensive support for converting a company into a Limited Liability Partnership (LLP), including necessary documentation and filings.
Staying current with compliance helps prevent legal issues, enhances credibility, and ensures that your company can respond quickly to changes in business needs.
We offer transparent pricing based on the specific compliance event and associated complexity, clearly outlined in our proposal.
Yes, our team will provide guidance throughout the entire process, from initial consultation to post-filing support.
We are equipped to handle unique situations and can tailor our services to meet your specific compliance needs.
While we primarily focus on execution, we can provide guidance and resources to help you understand your compliance responsibilities.
We can assist you with regular compliance checks and updates, ensuring that your company remains in good standing with the MCA.
We can assist you in modifying your company's object clause, including all necessary filings and documentation.
You can reach out to us via our website contact form or by phone, and we will schedule a consultation at your convenience.
Yes, we can manage compliance filings for multiple companies, ensuring all are compliant with MCA regulations.
We welcome any questions you may have and provide continued support for your compliance needs.
Contact us today to schedule a consultation, and let us assist you with your event-based compliance needs.
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