Company Annual Compliance

A business running as private limited or public limited company or section 8 company or One person company registered under The Companies Act , 2013, need to comply various laws. Compliance are done and reported by filing e-forms available on MCA website. Mandatory forms needs to filed by every registered companies are AOC 4,MGT 7, DIR 3 KYC annually apart from several other forms as notified by government from time to time. Statutory Audit needs to be conducted by every company by appointing a practicing chartered accountant each year. Statutory Audit needs to be done even if company have not done any transaction during the year. There are heavy penalties for non compliance under companies act and can even lead to prosecution of directors. Recently thousands of directors have been disqualified from directorship as companies were not doing there compliances in timely manner. Each and every E- form consist a minimum amount as fee, which need to submitted at the time of uploading that form. Along with filing forms certain documents need to be prepared too on annual basis which are related to Board meeting, Annual General Meetings, Extra ordinary general meetings.