Compliances for Private Limited Companies
All Private Limited Companies has to follow the annual and regular compliance for smooth running of their business. You can concentrate your business, we are here to support you for your annual compliance and regular compliance.
Regular compliance
- 1. Accounts and book keeping
- 2. TDS payment
- 3. GST payment
- 4. TDS return
- 5. GST return
- 6. ESIC payment
- 7. PF payment
Initial compliance:
After registration of private Limited company, the following compliance are required
1, INC 20A – Commencement of business
INC 20A to be filed by all Prrivate Limited Companies within 180 days of its incorporation of the company.As per Section 10 A (Commencement of Business) of the Companies Act, 2013 , inserted vide the Companies(Amendment) Ordinance, 2018 w.e.f.2nd November, 2018,
a Company incorporated after the ordinance and having share capital shall not commence its business or exercise any borrowing powers unless a declaration is filed by the Director within 180 days from the date of Incorporation of the Company with the ROC.
BEN 1 form
A person having Significant beneficial owner shall file a declaration to the reporting company
ADT 1- Auditor appointment
As per Sec 139(6) of the Companies Act 2013,First auditor of a company to be appointed by every company other than a Govt company , shall be appointed by its Board of Directors within 30 days from the date of registration of the company and incase of failure of Board of Directors, then the members of the company can appoint first auditor within 90 days in an extra ordinary general meeting and such auditor shall hold office till the conclusion of first annual general meeting
Annual compliance
1. Income Tax Compliance
2. ROC Compliance
