Compliance filing

Compliance filing
How to Check Compliance filing?

All companies in India are registered with the Ministry of Corporate Affairs (MCA) under the Companies Act, 2013. Under the act, each organization, post-incorporation, needs to satisfy numerous compulsory legitimate compliances. These consistent prerequisites are mandatory, with each falling on different due dates, and the inability to meet them in a timely manner is probably going to negatively impact a company (including penal consequences that can be in the form of fines, late fee, penalties or barring the company and its directors from doing certain activties for a definite time period).
You ought to keep an openly available report which comprises of the company's data, called the annual returns of the company, which will be accessible to the Registrar of Companies. Companies are expected to abide by all the rules and regulation to update annual returns consistently.

  • What Are the Benefits of Filing Annual Compliances for LLPs and Companies?
  • Higher Credibility: Annual consistency accommodates higher credibility to the association for credit endorsements or some other comparable prerequisites.
  • Record of Financial Worth: Annual consistency filings by LLP's and company's give records to different organizations with respect to their monetary worth, which may bring about new and intrigued interested investors.
  • Stays Active and No Penalties: With ordinary filings, businesses are not pronounced as old, and stays dynamic. Also, annual compliance filings are compulsory and hence involve punishments (extra charges) to businesses, when they default in filings.
  • Conversion or Closure: Regular annual filings encourage the simpler change of Limited Liability Partnerships into different kinds of organizations, just as quicker goals in the event of the disintegration of associations.
  • When to file annual compliance for companies and LLPs?
  • Annual returns should be documented with the Registrar of Companies.Filing of Annual compliance consist of filing of respective E forms specified for LLPs and companies with required annual reports, board resolution, profit and loss account, balance sheet etc.
  • Every company, within six months from the end of financial year must convene an Annual General Meeting (AGM).
  • Within 30 days from such Annual General Meeting (AGM), a company must file its financial statement and other document to the Registrar of Companies in E Form AOC 4 and within 60 days from such AGM, it must file its Annual Return in E Form MGT 7.
  • Every LLP must file Form 8 and Form 11 as part of Annual compliance.
  • Form 11 is Annual return of a Limited Liabilty Partnership which is filed within 60 days from the end of financial year.
  • Form 8 is Statement of Account & Solvency which is filed within 30 days from expiry of 6 months from the end of financial year.
  • What are consequences for non filing of annual compliances?
  • Non filing of Form 8 and Form 11 : It attracts penalty of INR.100/- per day for each form, from its due date till the time actual return is filed and compliance is made good.
  • Non Filing of E Form AOC 4 and MGT 7 : Both company and its directors are held responsible for the consequences of non filing. It attracts both penalty and late fee as per the applicable provision.
Filing of Annual Compliance

How much to pay for
Compliance filing?

Compliance filing would vary from INR 4999/- to INR 14999/- depending upon the plan you choose.

Gold Plan
Gold Plan
₹ 14999/-   ₹ 9999/-
Package Includes
  • ✓ Filing of DIN KYC : DIR 3 KYC/web enabled KYC
  • ✓ DSC-Class 3 Signing
  • ✓ Valid for 2 years
  • ✓ Documentation for GST registration
  • ✓ GST registration
  • ✓ Replies to resubmission
  • ✓ GST certificate
  • ✓ GST return filing
  • ✓ 4 TDS filings
  • ✓ Filings under Expert supervision
  • ✓ Preparation and filing of AOC 4 and MGT 7
  • ✓ Annual return under expert supervision
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Silver Plan
Silver Plan
₹ 7499/-   ₹ 4999/-
Package Includes
  • ✓ Filing of DIN KYC : DIR 3 KYC/web enabled KYC
  • ✓ DSC-Class 3 Signing
  • ✓ Valid for 2 years
  • ✓ Preparation and filing of AOC 4 and MGT 7
  • ✓ Annual return under expert supervision
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Platinum Plan
Platinum Plan
₹ 22499/-   ₹ 14999/-
Package Includes
  • ✓ Filing of DIN KYC : DIR 3 KYC/web enabled KYC
  • ✓ DSC-Class 3 Signing
  • ✓ Valid for 2 years
  • ✓ Documentation for GST registration
  • ✓ GST registration
  • ✓ Replies to resubmission
  • ✓ GST certificate
  • ✓ GST return filing
  • ✓ 4 TDS filings
  • ✓ Filings under Expert supervision
  • ✓ Preparation of Financial Statement
  • ✓ Auditor Appointment Assistance
  • ✓ Filing of AOC 4 & MGT 7
  • ✓ Filing of company ITR
  • ✓ Preparation and filing of AOC 4 and MGT 7
  • ✓ Annual return under expert supervision
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  • Compliance Filing always comes with the liabilty to submit true and correct information to the Ministry.
  • Every stakeholder involed in an organisational structure needs to comply with the requirement of compliances as specified through various rules and regulation.
  • This can be broadly classified as compliance on the basis of individual and company/LLP level.
  • Any person holding a KMP (Key Managerial Personnel) needs to comply with compliances as specified for them.
  • Similarly, Company/LLP needs to furnish their financial statement, auditor[%]s report, Annual form etc once in a year.
  • Statutory Auditor fee is payable on actuals directly to the Independent Auditor appointed by the Board of Directors. IndiaFilings will only be responsible for accounting, preparation of financial statements and filing of returns on behalf of the Company.
  • Non compliance of the same may lead to serious consequences to both company/LLP and KMPs.
Plan Offer

FAQ
frequently asked questions

frequently asked questions
What is the importance of doing a regular compliance?
Every Company and Limited Liabilty Partnership (LLP) whose names are registered with Registrar of Companies are liable to funish each and every information to the Ministry of Corporate Affairs. Every single change in relation to management or organisation must be reported. It is a legal obligation in order to depict true and fair picture of the business to the public and make it more transparent.
1. Annual Compliances lends the organization more legitimacy when it comes to loan approvals or other similar requirements. 
2. It also helps in building up the trust among the business and its stakeholders.
3. It saves the business from falling into the trap of penal and financial consequences.
A startup operating as a private limited company must adhere to a variety of regulations set out by different laws and regulatory bodies. These include, but are not limited to, filing tax and other returns on a regular basis, conducting board and other meetings, keeping statutory books and accounts, and so on.

The following forms are to be e-filed as per Companies Act 2013: Annual Accounts: Form AOC-4; Annual Return: Form MGT-7; Auditor Appointment: Form ADT-1: Filing of Income Tax Return.
Yes, it is mandatory to do compliance every year under a professional supervision.

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