Event-Based Company Compliances
There are certain legal compliances that are to be fulfilled on the happening of certain events. Such compliances obligate the company and its key managerial personnel to track and check the event-based compliances on time with an aim to avoid penalties and additional fees.
List of Event-Based Company Compliances
Whether to be filed before ROC or Not?
|Change in the address of Registered office||Form INC-22||within 15 days from the date of such change||Yes|
|Change in the Directors or KMP||DIR-12||within 30 days of such change||Yes|
|Increase in Authorized Share Capital||Form SH-7||within 30 days of passing such Ordinary Resolution||Yes|
|Increase in paid-Up share capital||Form PAS-3||within 15 days from the date of the allotment of shares||Yes|
|Resolution and Agreements||Form MGT-14||within 30 days from the date of passing such resolution and agreements||Yes|
|Change in Secured Borrowing||CHG-1||
within 30 days of its creation, modification and satisfaction of charge
|Application for KYC of Directors||DIR-3 KYC||On or before 30th April of next Financial Year||Yes|
|Allotment of Shares||PAS-3||Within 30 days from the date of allotment||Yes|
|Return of Deposit||DPT-3||On or before 30th June for every financial year||Yes|
|Reoccurrence for delay in payments to MSMEs||MSME-1||Within 30 days from the date of such Reoccurrence||Yes|
|Reoccurrence of deposits with the company||DPT-3||On 30th June every year||Yes|
|Disclosure of Substantial Beneficial Ownership||BEN-2||Within 30 days from the date of receipt of BEN1 by the company||Yes|
|Resignation of Statutory Auditor||ADT-3||Within 30 days from the date of resignation||Yes|
|Additional place whereby the books of accounts and statutory registers are kept (other than the registered office)||AOC-5||Within 7 days from the date of passing the Board Resolution for the same||Yes|
|For Conversion of Private limited company into Public Company||INC-27||Within 15 days from the date of passing the Special Resolution for the same||Yes|
Why To Choose Us?
Frequently Asked Questions (FAQs)
A Company incorporated under the Companies Act, 2013 is required to fulfill certain compliances prescribed under the corporate laws for the time being in force.
There are majorly following three types of Company Compliances –
- Post Incorporation Company Compliances
- Mandatory Annual Company Compliances
- Event-Based Company Compliances
Every company incorporated in India is required to obey the certain mandates and is also required to file prescribed documents with the Registrar of Companies i.e. ROC every financial year just after the incorporation of Company such as filing INC-20A form with ROC.
List of Post-Incorporation Company Compliances, Applicable Form and Respective Due Dates:
|Post-Incorporation Company Compliances||Applicable Form||Time Limit||Whether to be filed before ROC or Not?|
|Declaration of commencement of business.
(Applicable to companies incorporated after 2nd November 2018)
|INC-20A||Within 180 days of the date of Incorporation||Yes|
|First Auditor Appointment||ADT-1*||Within 30 days from Incorporation of Company||Yes
*Not Mandatory in case of first Auditor
|Issue of Share Certificate||SH-1||Within 2 months from the date of Incorporation||No
This is to be kept in the Company’s record
|Stamp Duty Documents file to SDM||–||Within 30 days from date of issue of Share Certificate||N.A.|
|First Board Meeting||–||Within 30 days from the date of its Incorporation||N.A.|
|First Annual General Meeting||–||9 months closing date of the 1st financial year||N.A.|
|Director Disclosure – Interest of Director in other companies||MBP-1||In the 1st Board Meeting||No
This is to be kept in the Company’s record
The Companies Act, 2013 have prescribed set compliances which companies are required to complete annually such as Maintenance of Annual Returns & Financial Statements. If any company fails to comply these mandatory compliances then it shall be liable to pay specified penalties thereon.
List of Annual Company Compliances, Applicable Form and Respective Due Date:
|Annual Company Compliance||Applicable Form||Time Limit||Whether to be filed before ROC or Not?|
|Board Meetings||–||Minimum of 4 Board Meetings to be held every year with not more than 120 days gap within two meetings|
|Annual General Meetings||–||One Annual General Meeting should be held every year. The gap between 2 Annual general meetings must not be more than 15 months||N.A.|
|Annual Return||MGT -7||Within 60 days from the date of AGM||N.A.|
|Financial Statements||AOC-4||Within 30 days from the date of AGM||Yes|
|Appointment of Subsequent Auditors||ADT-1||Within 15 days from the date of appointment of the Auditor||Yes|
|Any Company having outstanding loan/amount as on 31st March of each F.Y. has to furnish details and bifurcation of such outstanding amount.||Form DPT-3||30th June||Yes|
The Companies Act has prescribed certain company compliances that are to be complied on the happening of given events. These Compliances are known as Event-based Company Compliances.