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Non-XBRL
All about Compliance of Private Limited Company (Non-XBRL)
Compliance is to be done in adherence to the laws, regulations, guidelines as stated by the Companies Act, 2013. The Registrar of Companies, i.e. ROC is the sector of the Ministry of Corporate Affairs that handles the compliance of every company that falls under its jurisdiction. Balance sheet & Profit & Loss account is required to be prepared at the end of financial year is mandatory to get his accounts to be audited by CA.
In addition to MCA annual return, companies must also file income tax return irrespective of income, profit or loss.
Auditor’s Appointment
Within 30 days of incorporation of the company, it needs to appoint an auditor (a chartered accountant) for auditing the financial documents and statements.
Meetings of Board
Atleast 4 meetings or 2 Meetings (in case of small company) of the board of directors to be conducted quarterly in an every financial year.
Holding of Annual General Meeting
Annual General Meeting of a newly incorporated company should be held within 18 months from the date of registration or 9 months from the date of closing of the financial year, whichever is earlier. Thereafter Annual General Meeting should be held within 6 months from the end of that financial year.
Appoitnment of Additional Director through RoC
We help our Client in Appointment of Additional Director in case the Directors of the Company have been Disqualified by the RoC U/s 164(2) of the Companies Act,2013.
(XBRL)
All about Filing of Private Limited Company (XBRL)
Annual filing is a yearly return that is to be done in adherence to the laws, regulations, as stated by the Companies Act, 2013. All companies registered under Ministry of Corporate Affairs in ROC sector must file respective form before prescribed period. Balance sheet & Profit & Loss account is required to be prepared at the end of financial year is mandatory to get his accounts to be audited by CA.
XBRL is a standardized communication language in electronic form to express report or file financial statements by Companies. XBRL is only a method of presentation or reporting class of companies shall file their financial statements and other documents under section 137 of the Companies Act, 2013
All public companies listed in a stock exchange in India and their Indian subsidiaries.
All companies with a turnover of Rs 100 crores or more
All companies with a paid up capital of Rs 5 crores or more
All companies which are required to prepare their financial statements in accordance with Companies (Indian Accounting Standards) Rules, 2015
(other than banking companies, insurance companies, power companies and NBFCs)
Holding of Annual General Meeting
Annual General Meeting of a newly incorporated company should be held within 18 months from the date of registration or 9 months from the date of closing of the financial year, whichever is earlier. Thereafter Annual General Meeting should be held within 6 months from the end of that financial year.
One Person Company
All about Annual Compliance of One person Company
The term Compliance refers to act of adherence to the law of the land. In business terms, it is done in adherence to the laws, regulations, guidelines and specification that are relevant for the life cycle of a business entity. A One Person Company alone Entrepreneur to operate a corporate entity with limited liability protection; an OPC does have a few limitations. For instance, every One Person Company (OPC) must nominate a nominee Director in the MOA and AOA of the company - who will become the owner of the OPC. Only a natural person who is an Indian citizen and resident in India shall be eligible to act as a member and nominee of an OPC. A person can be member in only one OPC.
For the above purpose, the term "resident in India" means a person who has stayed in India for a period of not less than one hundred and eighty two days during the immediately preceding one financial year.
Auditor’s Appointment
Within 30 days of incorporation of the company, it needs to appoint an auditor (a chartered accountant) for auditing the financial documents and statements of the OPC
Meetings of Board
Atleast 1 meeting of the board of directors to be conducted in each half of a calendar year.
Holding of Annual General Meeting
Every company shall call and hold Annual General Meeting within 6 month from the end of financial year and in case of first AGM it can be held within 9 month from the end of financial year.