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
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
(Expert)
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
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
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