ROC Compliance & Filing

Private Companies. Compliance Streamlined.

     

    A Private Limited Company, A One Person Company or an LLP are regulated by the provisions of the companies act, 2013, or the LLP Act, 2009 respectively. A Private Limited Company, a One Person Company, or an LLP are regulated by the provisions of the Companies Act, 2013, or the LLP Act, 2009 respectively. The governing body requires companies to adhere to the specific compliance requirements which apply even when the company or LLP has not yet commenced its business. Such Companies and LLPs have to file compliances periodically to avoid any penalties for delay or failure to file them.

    These compliances include particulars such as the regular maintenance of statutory records and registers and changes in the company or LLP. Examples include the change in name, address or auditors, directorship, and more. These changes can only be brought in by following the rules and regulations set by the governing body. Upon the end of every financial year, all such companies and LLPs are under legal obligation to file their annual return that discloses all the significant changes made and another report along with the audited Financial Statements. The main onus of compliance is on the Directors of the company.

    Mandatory Compliances Required To Be Fulfilled

    Company Changes
    The changes made in a Company such as the Company name or its registered address can be made in compliance with the provisions of its articles in accordance with The Companies Act, 2013 and the rule.

    Statutory Audits
    The auditors of the companies or LLPs have an obligation to audit the financial statements of such a company or LLP to express an opinion in the form of an audit report pertaining to the correctness of accounting in the company records to the best of their knowledge. All companies are required to have their financial statements audited except for LLPs with a capital of Rupees 25 lakkhs or a turnover of Rupees 40 lakhs.

    Company Annual ROC Compliance
    As a separate legal entity, companies are required to have their financial statements audited by the auditor and adopt the same in their Annual General Meetings. After the occurrence of the AGM, an annual report along with the financial statements are handed over to the ROC. Returns are also required to be filed with the ROC within the due date to avoid any penalty.

    Post Company Incorporation ROC Compliance
    Upon receiving the certificate of Incorporation, the company becomes a separate legal entity. Promptly post incorporation, the first board meeting must convene in order to adopt the requisite resolutions, for issuing shares, payment of stamp duty to the State Government & the appointment of its first auditors.

    LLP ROC Compliance
    For startups using an LLP structure for their business, the necessity of compliance and reporting does not end upon incorporation.There are other registrations that need to be fulfilled such as Shops and Establishments, Professional Tax, GST registration, activity based licenses for Import and export and more.

    Contact us today to get a consultation by our team of knowledgeable experts and compliance advisors to complete all your Company and Compliance requirements.

    Helping Private Companies Meet Yearly Compliance Requirements

    Be eformed!