Compliances needed in pvt ltd software company

MCA 449 views 4 replies

Hi, We are a software company and doing business to the clients by developing software.

For the income we get and also for the  maintenace of the company what are all to be done? Right now we are following

1. Paying Service Tax and file  semi annually for the income generated.

2. Pay Income Tax annually

3. File ROC with P&L, Balance Sheet annually.

4. Deduct TDS from Consultants and issue them Form 16B quarterly.

Above are the compliances we have been following regulary.

Do we need to do anything else for maintining the pvt ltd company?

 

Replies (4)

You are going in a right direction. But more than complying the compliance, timely compliance matters more. So better is to take help of local Professional i.e. CA, CS, CWA of your town who can help you in complying all the required compliances timely.

I have list of complinces if u want then mail me.at csdiveshgoyal @ gmail.com

thanks Mohit. We are already having CA for doing all these activities. I wanted to know whether i miss any part or is CA not telling the full information to us. Let me know if I miss anything.

Dear Sunil, after the enactment of Companies Act, 2013, there are a no. of compliances other than only annual filing of return and balance sheet which the company has to follow at every instance you do any activity in the company which just a CA can not provide you. Hence, you alos need the services of CS symultaneously. Like:

1. Section 184, disclosure of interest in first quarter of every FY and every time when director's interest change

2. Section 188, when teh company proceed for related party transactions like contracts of sale/ purchase, appointment of any relative as employee of teh company etc.

3. Section 179 a no of resolutions require to be filed like borrow money from banks even from Directors too

4. Section 117 filing of various special resolutions

5. other sections like Section 12, section 42, 62, Section 73-74, section 149 and many more are there which have to be kept into mind.

Hope you understand the intension that the proper compliance is necessary in this era rather than just a compliance.

 

 


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