Compliances

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 June 2012 One of our client company was incorporated as pvt company on Jan 2011

They have not complied with any statutory compliance

What are the mandatory things required to be complied?

How the stamp duty on share certificates to be paid?

Please give me the detailed checklist

CS GURVINDER SINGH

CS GURVINDER SINGH (Expert)
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16 June 2012 Yearly Compliances:

File Form 23AC and 23ACA for Balance Sheet, Directors Report, Notice and Profit and Loss Account each year within 30 days of AGM

File Form 20B for Annual Return each year within 60 days of AGM

File Compliance Certificate in Form 66 each year within 30 days of AGM if paid up capital is more than Rs. 10 Lac

If these filling are not done in time then file it with additional penalty

Prepare Share Certificates and affix Revenue Adhesive stamps on it. Stamp Duty differs from state to state

Prepare Minutes of Board and Shareholders Meeting, get them signed in 30 days and keep in a Binder

Get the Financial Statements audited from CA, as Audit of Company is mandatory irrespective of Turnover

Check the number of Shareholders should not be more than 50 (Excluding Employees)

Check that the Company has not accepted deposits, as the company is pvt ltd

Check if company had declared Dividend than the provisions of section 205 should have been complied with

These are the yearly compliances which are compulsory, else depend on different deals