Compliance

Align your business with guidelines, regulations, and standards and stay compliant

Every Company or an LLP are regulated by the rules and regulations of the Companies Act 2013 or the LLP Act 2008, respectively. It is mandatory for the Directors/Partners to fulfill the obligations prescribed under the Acts. Our professional experts who have thorough knowledge on the prescribed rules and regulations will support all through to keep your business compliant.

Compliance

Changes in Company

Check out on the type of changes and the prescribed procedures to be followed...

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Annual Filing

Check out on the annual filings to be done to stay fully compliant...

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Changes in LLP

Check out on the type of changes and the prescribed procedures to be followed...

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Post Incorporation of Company

Check out on the prescribed tasks to be performed post incorporating a company...

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FEMA Compliance

Check out on the prescribed procedures to be followed on foreign exchange business...

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LLP Compliance

Check out on the prescribed procedures to stay fully compliant...

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Basic Compliance

Introduction

Every company must file a declaration in Form INC-20A within 180 days of incorporation before commencing operations. This is to declare the registered address with bank statement listing the paid-up capital made by the shareholders.

Before filing the declaration, the company must deposit the total subcribed share capital as per the MOA the registered company bank account. Business operations must commence after the approval of the INC-20A.

Non-compliance of this filing attracts heavy penalty of Rs. 50,000 and all default officers will have to pay a penalty of INR 1000/- per day for each day of default.  The maximum penalty is only up to INR 1,00,000 and closure of the company.

Minimum Requirements

  • Comply with new MCA provision notified on 26th January, 2019
  • All operations to commence after approval of INC-20A
  • Share capital to be deposited in the company bank account

Documents Required

  • Bank statement of the capital deposited with no other transactions in the bank account
  • DSC of one Director of the Company
  • Professional Certification – CA/CS/CMA
  • Applicable Governement fee for filing

We extend our 24/7 support @ INR 6,999.

Introduction

A share certificate must be issued to every shareholder of a company in India within a period of 60 days from the date of share issue. Stamp duty must be paid within 30 days of its issue in terms of section 3 of the Indian Stamp Act. Embossing a stamp on the share certificate with the stamp duty paid value is share franking.

Process

  • Share certificate embossed with a stamp specifying the stamp duty paid.
  • Stamp duty to be paid in any of the following ways:
    • Adhesive stamp including revenue stamp, court fee, or notary stamp
    • Stamp paper
    • Issue of stamp payment certificate
    • Franking the document

Procedure

  • Print the Share Certificate on good quality paper as prescribed.
  • Issue Share Certificate in the Board Meeting for approval and acceptance. The certificate must be authorized by two directors and given to the shareholders.
  •  Pay stamp duty on the share certificate in the prescribed format. Then,  authorize and upload the scanned copy to the SHCIL website.
  •  Company Director must digitally authorize the uploaded documents and attested by CA/CS/CWA to activate the payment option. Pay the applicable stamp duty.

We extend our 24/7 support @ INR 6,999.

Introduction

Effective from 25th February, every company registered before 31st December 2017 must file Form No: INC-22A to intimate the active status of the company as per the Active Company Tagging and Identities and Verification.

Details to be Provided to ROC 

  • Photo of registered address
  • Company mobile and email ID
  • Directors’ and Auditor’s details
  • Company Secretary details
  • CEO/CFO/MD details

Process of Filing 

  • Due Diligence of Company – Conduct Due Diligence to verify if all company compliance are followed and there are no gaps.
  • Two registered address photographs as per the new rule 25A. One photograph of the outside of the office premise and the second inside the office with at least one director/KMP who will authorize the e-form INC-22A.
  • File SRN of AOC-4, MGT-7 for FY 2017-18. Provide details of Financial Statements filing under Section 137 and the Annual Returns filing under Section 92 for the FY 2017-18 in the Form No: INC-22A.
  • Provide a unique mobile number and Email ID in Form INC-22A. An OTP will be sent for confirmation in both the mobile number and the email. Verification with the OTP is done for further processing. This OTP is valid only for very few minutes.
  • After successfully filing with all necessary details, a Director must digitally sign the e-form Form INC-22A, which is certified by a CA, CS, or Cost Accountant.
  • File Form No INC-22A with ROC. Upload the form to the MCA-21 website.

We get the complete KYC update done @ INR 10,999.

Introduction

Effective from 25th February, every company registered before 31st December 2017 must file Form No: INC-22A to intimate the active status of the company as per the Active Company Tagging and Identities and Verification.

File DIR-3 (KYC) Form to ROC as part of the annual filing for all who possess DIN alloted in the FY 2019-20 or earlier. This is an online process. We extend our support @ INR 799 for Indian Directors and INR 1,299 for Foreign Directors.

DIN KYC Requirements

  • Digital signature
  • Registered office address proof (Passport, Voter ID, Aadhar Card, Driving License, Electricity Bills)
  • Mobile & Email OTP

Process of Filing 

  • DIN status – Check if the DIN status is active in the MCA website
  • Attach signed and scanned address proof of Director with Form DIR-3
  • Verify Mobile & Email OTP, which is valid only for 15 minutes
  • Finally, file the Form DIR-3 with ROC online

We get the complete KYC update done @ INR 10,999.

Introduction

As per the Companies (Significant Beneficial Owners) Rules, 2018, every company must file a one-time return in Form BEN-2 for all the shareholders with 10% or more shares in the company.

Minimum Requirements 

  • Significant business owner (SBO) who holds 10% or more shares
  • Declaration by SBO on other investments, partnerships, or businesses
  • File the BEN-2 Form within 30 days
  • BEN-2 Form must be filed for every change in the SBO

We get the complete KYC update done @ INR 10,999.

Company Changes

Introduction

A Company name is its unique identity, which is included in the first clause of the MOA. At times, the management might want to change the name of the company, which is done if all shareholders agree and the registrar of companies approves it. Our professional team posses good experience and will extend their support @ INR 6,399.

Documents Required

  • Current Certificate of Incorporation
  • MOA and AOA in word format
  • List of Directors and Shareholders
  • Proposed Name(s) in order of preference.
  • Digital Signature of the authorized Director
  • Director’s letterheads (approx 10) and rubber stamp

Steps Involved

  1. Get Board of Directors’ approval
  2. Name approval request with ROC
  3. Approval from shareholders in Extraordinary General Meeting
  4. File special resolution to ROC in Form-MGT14
  5. Submit application

Introduction

As change occurs in business priorities and models, the main object of a company must be updated to align with the change. Our professional team handles this process efficiently following the legal procedures @ INR 5,299.

The MOA of a company comprises of the business objective. This objective drafted in the object clause is the business operation limitation. If there is any change to this objective, the clause in the MOA must be changed by passing a special resolution and the copy must be filed with ROC.

Documents Required

  • Existing Certificate of Incorporation
  • MOA & AOA in word file
  • List of Directors & Shareholders of the Company
  • New objective to be changed
  • Digital signature of an authorized Director
  • Director’s letterhead and rubber stamp

Process

  • First & foremost, Obtain the approval of the Board of Directors
  • Convene an EGM of shareholders to get their approval by passing a special resolution
  • File the Special Resolution with ROC in Form MGT-14

Introduction

As per Section 12 of the Companies Act, it is mandatory for every company to maintain a registered office throughout. Any change to this office must be reported to ROC by filing form INC-22 within 30 days of the change. The process and requirements depends on the type of change performed.

Call us or chat with us to understand the process and register the change without much hassles.

Introduction

Authorized capital of a company is the limit set to maintain its capital. The paid-up capital cannot exceed the authorized capital as per the capital clause in the MOA and AOA. Our professional team can help increase this limit @ INR 8,299.

When the Company needs funding, the shareholders contribute on a long-term basis and are entitled to shares in the profits earned, which is known as dividend. Business investment into the equity is based on the value of authorized capital, and the allotment of fresh shares must depend on the evaluation of the existing shareholders first rights. Such changes in authorized capital must be approved by the ROC.

Documents Required

  • MOA & AOA in word file
  • List of Directors & Shareholders
  • The type and amount of capital to be increased
  • Authorized Director’s Digital Signature
  • The Director’s  letterhead and rubber stamp

Process

  • Obtain the approval of the Board of Directors in a Board Meeting
  • Convene an EGM of shareholders and seek their approval by passing a special resolution
  • File the special resolution with ROC for approval along with the MOA & AOA

Introduction

Share transfer adheres to AOA of a private limited company. The proposed shares to be transferred must be internally offered to the existing members of the company. If there is request raised, it can be transferred externally.

This is a complex affair as there are stringent company laws to be adhered to and applicability of State Stamp Act. Our financial experts are proficient with the laws and the state laws and extend support @ INR 4,399.

Documents Required

  • Original share certificate of the share to be transferred
  • Stamp duty paid certificate on the share certificate
  • Valuation of the shares and the agreement to transfer
  • Transfer form to be signed by the concerned shareholders
  • ID and address proof of the both the parties
  • Payment receipt if applicable

Process

  • Notice from the person who wishes to transfer the shares
  • Form No SH-4 to be filled by the buyer and authorized by the seller and signed by the buyer in presence of a witness
  • Share transfer form and certificate must be submitted to the Company by the seller
  • New share certificate is issued to the buyer after review and approval