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What are the mandatory compliances for private limited company?

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What are the mandatory compliances for private limited company?

In addition to the above-mentioned mandatory compliance filings some of the non-RoC compliance for private limited companies are:

  • TDS/TCS payment.
  • GST payment and GST filing.
  • Other payments of periodic dues.
  • Filing of quarterly TDS returns.
  • Advance tax payment.
  • Filing of IT returns.
  • Filing of tax audit reports.
  • Tax audits.

What are the compliances for private limited company after incorporation?

Post Incorporation Compliances by a Private Limited Company

  • ‘IGNORANTIA JURIS NON EXCUSAT’ : IGNORANCE OF LAW IS NOT AN EXCUSE.
  • Filing Verification of Registered Office (Form INC-22)
  • Opening Bank Account in Company Name.
  • Books and Accounts of Company.
  • Appointment of First Auditors by Company.
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Is CS required for company registration?

Chartered accountants (CA) or company secretaries (CS) are the persons who are authorized to approve and certify all the documents that are required in company registration process. At each steps of company registration process, you need to obtain their approval before uploading it to MCA website.

Which legal compliance are mandatory for all those who have registered under Companies Act?

Maintaining and filing of profit and loss account, balance sheet, and annual return every financial year together with an auditor’s report before the due date with the Registrar of Companies is a very vital requirement of the company act which a company has to endeavor.

What are the rules of Pvt Ltd company?

Characteristics of a Pvt Ltd Company Membership: Like any other company, a minimum of two shareholders are required in order to start such a company. But since it remains a small entity, there is also a maximum cap on the number of members fixed at 200. There is also a requirement of two directors to run the company.

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How do I become compliant with CIPC?

Always use your customer code to transact with CIPC….Visit the annual return website: http://annualreturns.cipc.co.za;

  1. Select “Customer Login” and follow the indicated prompts;
  2. Select “File/Lodge AR”;
  3. Type in the registration number (year/sequence/type) at the Enterprise Number field and click Validate.

How do you maintain a Pvt Ltd company?

Following are the registers required to be maintained by every company:

  1. MGT-1: Register of Members.
  2. MGT-3: Foreign register of members, Debenture Holders other security holders or beneficiary residing outside India.
  3. FORM SH-2: Register of renewed and duplicate share certificate.
  4. FORM SH-3: Register of Sweat Equity Shares.

How can you become member of the company after its incorporation?

A person would become the member of the company if he ‘agrees in writing’ and gets his name entered in the register of members of the company. A shareholder would also become a member of the company if he ‘agrees in writing’, and by the following methods: By transfer of shares. By transmission of shares.

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What is the procedure for registration of private limited company in India?

Registration Procedure

  1. Step 1: Obtaining Director Identification Number (DIN) & Digital Signature.
  2. Step 2: Applying for the name.
  3. Step 3: Filing for Incorporation of Private Limited Company.
  4. Step 4: Subscribing to the Private Limited Company.
  5. Step 5: Certificate of Incorporation.

What is the rules for Pvt Ltd company?

A Pvt Ltd Company must have a minimum of two directors and a maximum of fifteen directors. A minimum of two shareholders is required for legal registration of a Pvt Ltd company. A total of two hundred shareholders are acceptable in any Private Limited Company but not more than that.