Annual Compliances For Section 8 Company

@ INR 10,999

Package includes:-

  • Annual ROC Compliance
  • Corporate Income Tax Return
  • CA Audit Advisory Services
  • CS Corporate Law Advisory
  • Directors, Shareholders, Board Reporting
Request a call back

What is Section 8 Company Compliances?

A Section 8 Company is an element getting a charge out of a different personality which requires keeping up its dynamic status through the standard recording with MCA. For each organization, it is mandatory to document a yearly return and examined budget summaries with MCA for each money related year. The RoC recording is obligatory regardless of the turnover, whether it is zero or in crore. Whether a single transaction is undertaken or none, annual compliances for Section 8 are mandatory for every registered company. Both the forms are filed to report the activities and financial date for concerned Financial Year. The due dates for yearly annual filing of a Company depend on the date of the Annual General Meeting. The continuous failure may lead to the removal of the company’s name from RoC’s register, including disqualification of directors. Also, it has been observed that MCA has actively taken bold steps for dealing with any such failures.



Advantages of Annual Compliances

There are numerous benefits of a Section 8 Company such as limited liability protection, easy to raise fund from venture capitalist and continuous existence while the confidence of the community come at the cost of increased annual compliance. It is mandatory for business owners to comply with Companies act, Income tax, GST & State Laws. In addition to the ROC compliances, Companies have to submit income tax returns every year by 30th September. From the year 2018, the compliance requirement has been increased now for Section 8 companies. There are various advantages of a Section 8 company, for example, limited liability protection, simple to raise support from financial speculator and ceaseless presence while the certainty of the network come at the expense of expanded yearly consistence. It is required for entrepreneurs to comply with Companies act, Income Tax Act, GST and State Laws. Notwithstanding the ROC compliances, Companies need to submit annual filing forms each year by 30th September. From the year 2018, the consistence necessity has been expanded now for Section 8 Companies. We guarantee to meet the corporate compliances on time as and when they are expected.



Mandatory Annual Company Compliance - Rs. 10,999/- (All Inclusive) For StartUp Companies

Auditor Appointment.

First Statutory Auditor has to be appointed within 30 days of incorporation in first board meeting Subsequent auditors will be appointed for 5 years in AGM

Preparation & Filing of Form ADT-1

Form ADT-1 is filed for a 5-year appointment. After that every year in AGM, Shareholder ratify the Auditor but there is no need to file ADT-1.

Filing of e-form INC-20A.

Preparation of Balance Sheet

Every Company is required to file its Balance Sheet along with statement of Profit and Loss Account and Director Report in this form within 30 days of holding of Annual General Meeting. It is mandatory for every Section 8 Company. Company to hold an AGM in every Calendar Year

Preparation of P & L Accounts

Every Section 8 Company shall file its Annual Financial Statements including its Balance Sheet, Statement of P&L Account and Directors Report within 30(Thirty) days from the date of its Annual General Meeting

Audit Report

Within six months of the balance sheet date, together with the financial statements (Article 23a (3) and (5) of the Act on Accounting). The auditor's report and the supplement to the auditor's report should be understood as one report.

Director's Report

Directors’ Report is to be filed covering all the information required for Small Company under Section 134. It should be signed by the “Chairperson” authorized by the Board, where he is not so authorized by at least 2 Directors.

Extract of Annual Returns & Financial Statements

Every company is required to file its Annual Return with Registrar of Companies within 60 days of Annual General Meeting in E-Form MGT-7. A company having turnover of INR 50 Crore or more shall be certified by a Practicing CS in Form MGT-8.

Preparation & Filing of Form AOC-4

E-form: AOC-4 File Financial Statement: i.e Balance Sheet along with Statement of Profit and Loss Account and Directors’ Report

Preparation & Filing of Form MGT-7

E-form: MGT-7 File Annual Return within 60 days of holding of AGM for the period 1st April to 31st March.

Use of DSC of Auditor in Form AOC- 4

Every Company is required to file its Financial Statements within 30 days of its Annual General Meeting with Registrar of Company in E-Form AOC-4. The same shall be digitally signed by one director and certified by CA/CS/Cost Accountant in Practice.

Preparation of 04 Minutes of Board Meeting

Section 118 (10) of the Companies Act, 2013 requires every company to observe Secretarial Standards with respect to General and Board Meetings specified by the Institute of Company Secretaries of India (ICSI) and approved as such by the Central Government.

Preparation of Minutes of AGM

Income Tax Returns (Company)

All companies registered in India are required to file income tax returns each year on or before September 30th. Under the Income Tax Act, company tax return filing falls under two categories, namely domestic company or foreign company. Domestic company means an Indian company wherein the income is liable to tax and companies that have made arrangements for the declaration and payment of dividends within India. Companies registered with the Ministry of Corporate Affairs like Private Limited Company, One Person Company or Limited Company are classified as a domestic company

Preparation of 7 Registers

Registers to be maintained under the Companies Act, 2013

Preparation of MPB-1, Preparation of DIR -8

Form MBP- 1 Every Director of the Company in First Meeting of the Board of Director in each Financial Year needs to disclose his interest in other entities by filing the form. Fresh MBP-1 needs to be filed, whenever there is change in his interest from the earlier given MBP-1 And Every Director of the Company in each Financial Year has to file with the Company disclosure of non-disqualification

Any Question?
Call us on +91-77038-33927



BASIC


For StartUp Company


0-10 lakhs


1. Book-Keeping

2. Prepration Of Balance Sheets

3. Prepration Of Profit & Loss Account

4. Prepration Of Notes

5. Income Tax Return Filing

6. MCA Filing

7. Minutes

8. Directors Report

9. 1 Year Dedicated Compliance Maneger Support



MEDIUM


For TurnOver 0-25 Lakhs


INR @ 14,999


1. Book-Keeping

2. Prepration Of Balance Sheets

3. Prepration Of Profit & Loss Account

4. Prepration Of Notes

5. Income Tax Return Filing

6. MCA Filing

7. Minutes

8. Directors Report

9. 1 Year Dedicated Compliance Maneger Support



STANDARD


For TurnOver 0-50 Lakhs


INR @ 19,999


1. Book-Keeping

2. Prepration Of Balance Sheets

3. Prepration Of Profit & Loss Account

4. Prepration Of Notes

5. Income Tax Return Filing

6. MCA Filing

7. Minutes

8. Directors Report

9. 1 Year Dedicated Compliance Maneger Support



PREMIUM


For TurnOver 0-1 CRORES


INR @ 29,999


1. Book-Keeping

2. Prepration Of Balance Sheets

3. Prepration Of Profit & Loss Account

4. Prepration Of Notes

5. Income Tax Return Filing

6. MCA Filing

7. Minutes

8. Directors Report

9. 1 Year Dedicated Compliance Maneger Support



Related Post By MyCompanywala

section shape

DETAILED NOTE ON BONUS ISSUE DEFINITION


An issue of bonus shares is referred to as a bonus share issue or bonus issue. A bonus issue is usually based upon the number of shares that shareholders already own. While the issue of bonus shares increases the total number of shares issued and owned, it does not change the value of the company.                              1) The source out...... Read More

ISSUE OF SHARES THROUGH RIGHT ISSUE


DEFINITIONOF RIGHT ISSUE ‘Right Issue’ means offering shares to existing members in proportion to their existing shareholding. The object is, of course, to ensure equitable distribution of Shares and the proportion of voting rights is not affected by issue of Fresh shares. A rights issue is an invitation to existing shareholders to purchase additional new shares in the company. This type of issue gives existing shareholders securities called rights. ...... Read More

PROCEDURE FOR REMOVAL OF DIRECTOR


1.        Ensure that a special notice for the removal of a director is furnished by number of members in accordance with the section 115 of Companies Act, 2013 to the company at least 14 days before the meeting at which it is to be moved. 2.        (a) Ensure that the notice for removal of a director is for a director other than a director appointed by the Tribunal under section 242 of the Companies Act, 2013. &n...... Read More

ISSUUANCE OF EQUITY SHARES THROUGH SWEAT EQUITY


Introduction- What is sweat equity shares? Sweat equity shares refers to equity shares given to the company’s employees on favorable terms, in recognition of their work. Sweat equity shares is one of the modes of making share based payments to employees of the company. The issue of sweat equity shares allows the company to retain the employees by rewarding them for their services. Sweat equity shares rewards the beneficiaries by giving them incentives in lieu of their contribution tow...... Read More

PROCEDURE FOR ISSUE OF SHARES THROUGH PRIVATE PLACEMENT


INTRODUCTION Private placement can be explained as a means of raising capital by the companies without going for public issues. Public Issues like Initial Public Offering and Further Public Opening are means of raising capital by the companies. DEFINITION A private placement is a sale of stock shares or bonds to pre-selected investors and institutions rather than on the open market. It is an alternative to an initial public offering (IPO) for a compan...... Read More

OPC has to convert into Private or public limited company within 6 months


post img

 OPC shall be required to convert itself, within six months of the date on which its paid up share capital is increased beyond fifty lakh rupees and the last day of the relevant period during which its average annual turnover exceeds two crore rupees as the case may be, into either a private co...... Read More

Mandatory Conversion of One Person Company into Private Limited or Public Company


post img

Rule 6 of the Companies (Incorporation) Rules, 2014 as amended vide the Companies (Incorporation) Amendment Rules, 2015, w.e.f. 1-5-2015 provides that where the paid up share capital of an OPC exceeds fifty lakh rupees and its average annual turnover during the relevant period exceeds two crore rupe...... Read More

Restriction on alteration in the Memorandum and Articles of a charitable company licensed u/s 8


post img

Section 8(4)(a) provides that a company that has received a licence under the section, shall not alter the provisions of its Memorandum as regards its objects except, with the previous approval of the Central Government [Powers delegated to the Registrar of Companies by Notification No. 1353(E), dat...... Read More

Main condition for Section 8 Company registration


post img

The objective of section 8 of the Companies Act, 2013 is to provide special benefits and privileges to such organisations, which are formed for the following purposes and where it is proved to the satisfaction of the Central Government that a person or an association of persons proposed to be regist...... Read More

Requirements of minimum paid-up capital


post img

By the Companies (Amendment) Act, 2015 effective from 29th May, 2015 the requirement of minimum paid up capital for a private limited company of `1 Lakh and for a public limited company of `5 Lakhs has been removed from the definition of the Companies under section 2(68) and 2(71) of the Companies A...... Read More

Can OPC Change in the nominee by the member of OPC?


post img

 It has been provided that the subscriber/member of OPC may at any time change the name of the nominated person by giving notice to the Registrar. It shall be the duty of the subscriber/member of OPC to intimate the company the change, if any, in the name of the person nominated by him by in...... Read More

Change in the name of person nominated in the Memorandum shall not be deemed to be alteration in the Memorandum of Association


post img

Any such change in the name of the nominee person in the Memorandum of Association of the OPC shall not be deemed to be an alteration of the memorandum.......

Can we Change in the nominee by the member of OPC?


post img

 It has been provided that the subscriber/member of OPC may at any time change the name of the nominated person by giving notice to the Registrar. It shall be the duty of the subscriber/member of OPC to intimate the company the change, if any, in the name of the person nominated by him by i...... Read More

What are the Liabilities of the subscriber in case of One Person Company?


post img

 The liability of the member of the OPC may be limited or unlimited, and the Memorandum of Association of the OPC shall state,—   (i) in the case of a company limited by shares, that liability of its member is limited to the amount unpaid, if any, on the shares held by them; an...... Read More

No need for address in India of Foreign promoters incorporating company in India


post img

 There is no pre-condition for foreign promoters to furnish local address in India for seeking registration and incorporation of a limited company in India.   It was held that there was nothing in the Act or the applicable Rules which requires the foreign promoters to provide a l...... Read More

Is roll checks are mandatory for Directors inMinistry of Corporate Affairs website


post img

The digital signatures are required to be registered at the website of the MCA for various category like director, professionals, etc. and need to fill up particulars online at the MCA portal, called roll check.   Without complying with the requirement of Roll Check, any documents si...... Read More

What are the liabilities on members for having below minimum members’ strength?


post img

The MCA vide the Companies (Amendment) Act, 2017 has inserted new section 3A w.e.f. 9-2-2018, vide Notification No. SO 630(E), dated 9-2-2018 to put liability on all the existing members of the company, in case the company defaults in minimum number of members’ criteria. If at any time the number ...... Read More

Is Digital Signatures Certificates are mandatory in case of Company registration?


post img

Every Form and return prescribed under the Companies Act, 2013 needs to be filed with the digital signature of the managing director or director or manager or secretary of the Company, therefore, it is compulsorily required to obtain digital signatures of at least one director to digitally sign the ...... Read More

Requirement for Having Director Identification Number


post img

As per proviso to section 152(3) of the Companies Act, 2013 no company shall appoint or re-appoint any individual as director of the company unless he has been allotted a Director Identification Number (DIN) under section 154 or such other identification number as the Central Government may prescrib...... Read More

What our customers are saying about MyCompanywala?

section shape

Copyright © 2018 MYCOMPANYWALA all right reserved.