Compliance required immediate after incorporation of Pvt. Ltd Co.

Pvt ltd 269 views 6 replies

What kind of procedure and compliance required immediately after incorporation of a Pvt. Ltd co.

Plz reply

Replies (6)
First Board Meeting (Noting items/Appointments/Bank accounts /Authorisation/Ratification of Pre-Incorporation contracts)

Get DSC to file ROC forms..

File INC-20A, once received shares Money to commence business and borrowing powers(within 6 months)

Finalisation of Office space and file INC-22,if correspondence address is not Regd Address

Create &Maintain Stat Register


You may do google and also refer guideance notes on SS-1,(However NA to Pvt Startups )but will give fair idea for first board meeting

You can also download public data by paying Rs. 100/- per company(pvt) incorporated within 12 Months to get idea what forms have been filed..
Post Incorporation compliances:-

1. Open a bank account and receive subscripttion amount in that account.
2. File INC-22A for commencement of business and attach proof of payment of subscripttion money (note: Without filing this form you will not be able to file any other form)
3. File form ADT-1 for appointment of first auditors
4. Pay Stamp duty for share certificates issued to subscribers
@ Anjali, It's INC-20A( applicable W. e. f. 2/11/2018)

INC-22A is ACTIVE form, Which is required to be submitted by companies registered up-to 31.12.2017

ADT-1 shall be filed after confirmation of appointment of auditors in first AGM .(MGT-14 is also not applicable in this case u/s179)
INC 22A was a typo error.
secondly earlier there was no option for filing of form ADT1 for first auditor that why the companies were avoiding such filing. Now there is an option in form ADT for filing for first auditors appointed in the Board Meeting. Therefore it is required to file.
Also the auditors are asking for the form ADT 1 filed for their appointment as first auditor for the audit of 1st financial year. To ensure proper compliance one should also file ADT 1 for first auditor.

Thanks
CS Anjali Lakra
Anjali Lakra and Associates

Post Incorporation Compliances

To take note on ratification of Pre Incorporation or prelinmnary expenses

open the bank account (current account) and authorize the authorized signatory to sign the documents

File form 20A maximum within 180 days of incorporation of Company once the application money is received for allotment of shares.

Hold the Board meeting for appointment of auditor, common seal etc.

Pay stamp duty after issuing share certificates within 60 days from date of issue of share certifocates

 

for all procedure after incorporation and various other checklists visit www.corporatedrafting.com

 

and can have documents for such immediate compliances at https://corporatedrafting.com/product-category/document/compnies/company-incorporation-ii/


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