1. Incorporation Compliance
Incorporation compliance includes all mandatory steps required during the formation of a company. It involves obtaining a Certificate of Incorporation, PAN, TAN, DIN for directors, drafting MOA & AOA, and registering with MCA. Timely completion ensures legal existence and smooth operations from day one.
2. Annual Filings
Companies are required to file annual returns and financial statements with the Ministry of Corporate Affairs (MCA). These filings, such as Form AOC-4 and MGT-7, provide transparency about the company’s financial health and legal status, avoiding penalties and maintaining good standing.
3. Director Compliances
Directors must meet various compliance requirements like KYC updates (DIR-3 KYC), disclosure of interest, and compliance with meetings and resolutions. These ensure accountability and align directorial roles with regulatory expectations.
4. Event-Based Filings
Any changes in the company such as share transfers, changes in directors, registered office address, increase in authorized capital, or issuance of shares must be reported to MCA through specific event-based filings. These maintain accurate and current corporate records.
5. Deposits and Loans
Accepting loans or deposits, whether from directors, shareholders, or outsiders, must comply with the Companies Act and RBI regulations. Proper disclosures, resolutions, and ROC filings like DPT-3 are essential to stay compliant and avoid legal complications.
6. MSME Vendor Compliance
Companies must regularly file MSME Form 1 if payments to registered MSME vendors exceed 45 days. This promotes timely payments and compliance with the MSMED Act, ensuring trust and cooperation with small vendors.
7. Meetings
Regular board and general meetings are mandatory to make key business decisions. Companies must maintain proper notice, quorum, agenda, and minutes for these meetings. Annual General Meetings (AGMs) are especially important for presenting financials and shareholder engagement.
8. Statutory Registers
Every company is required to maintain a set of statutory registers such as the Register of Members, Directors, Charges, and Share Transfers. These are legal documents that must be updated regularly and produced during audits or inspections.
9. General Governance
Good corporate governance includes ethical conduct, internal audits, policy-making, regulatory adherence, and transparent reporting. It builds trust among stakeholders and enhances the long-term sustainability of the business.