Formalities after forming a pvt ltd company

A number of compliances are required. You should seek professional advice in this regard.

The various compliances include:

- Getting common seal prepared, printing letter heads, making rubber stamps

- Issuing share certifictes to subscribers

- Getting PAN

- Getting registration under applicable laws (Service tax, Shop Act, Professional Tax etc.)

- Deciding financial year of the company

- Appointment of auditors

- Preparing minutes of Board meetings and maintaining various statutory registers

- Maintaining books of account

etc. etc. ....

You have to take help of some practising professional for the same.

Thank you Mr Agrawal! I would like to clear one more thing. I have just got certificate of incorporation. I have not started any business till now, no PAN number and no service tax id. In other words everything in NIL. Do I still need to complete all things mentioned above. Also approximately how much would it cost to me?

I am sorry if I asked something very simple. I am a newbie and don't understand these things as of now.

Regards

Every company - whether private or public - has to appoint auditors and file Balance Sheet and annual return with ROC irrespective of its size and whether or not it has started any activity.  It is also required to maintain various statutory records.  Hence I would advise you to contact some practising chartered accountant in your area who will help you in completing the formalities without much cost.

Dear TTSS

I think you are asking the minimum formalities to be completed before MARCH 2014 (not March 2015). If this is so, you need to appoint only the Auditor which needs to be appointed within 30 days. Other things you can postpone. Also for you and for MARCH 2014, Balance Sheet and PL is not mandatory.

In case of any issue, please contact me.

T&R

Santosh