Dear (Customer Name),

Greetings from OnlinelegalIndia.com

Every company must file MCA annual return, income tax return and other filings as notified by MCA from time to time. Due to the various new changes to the regulation, the complexity and penalty for non-compliance has increased substantially.

In today's regulatory non-compliance with even one compliance could lead to penalty running in lakhs and/or disqualification of the Directors. Hence, we recommend that all clients immediately sign up for a compliance maintenance package to ensure their company's compliance is tracked and maintained by an Expert.

For your reference, I am also providing below the list of major compliance required for a company.

Auditor Appointment
(ADT-1)

All companies registered in India must appoint a statutory Auditor within 30 days of incorporation. Failure to appoint an Auditor will lead to a penalty of Rs.300 per month which compounds and becomes double every month.

Income Tax Return

Private limited companies registered in India must file Income Tax Return on or before 15th February 2022 of every financial year. Failure to file an income tax return attracts a penalty of Rs.10,000.

MCA Form AOC-4

Private limited companies registered in India must file MCA Form AOC-4 on or before 30th December 2021 of every financial year. Failure to file AOC-4 attracts a penalty of Rs.200 per day of default or delay.

MCA Form MGT-7

Private limited companies registered in India must file MCA Form MGT-7 on or before 29th January 2022 of every financial year . Failure to file MGT-7 attracts a penalty of Rs.200 per day of default or delay.

DIN eKYC

DIN eKYC or DIR-3 eKYC form must be filed for all the Directors of the company. In DIR-3 eKYC filing, the Director must provide and verify a unique personal mobile number and personal email address. Failure to file DIN eKYC attracts a penalty of Rs.5000 per DIN.

Commencement of Business
(INC 20A)

Companies registered in India after November 2018 and having a share capital are required to obtain commencement of business certificate before commencing any business or exercising any borrowing powers. The commencement of business certificate must be obtained within 180 days of incorporation of the company.

Note

This is for your kind consideration that, pursuant to Rule 12A of the Companies (Appointment and Qualifications of Directors) Rules, 2014, filing of eform DIR-3 KYC is mandatory for every individual who holds Director Identification Number (DIN) as on 31st March of a financial year to the Central Government. This rule shall also be applicable to all the DIN holders who have been marked as Disqualified Directors by MCA.

In case of failure to submit the e-form DIR-3KYC/DIR-3-KYC WEB i.e 30th September 2021 of the financial year, the DIN of such director has been deactivated and has been marked as "Deactivated due to Non-filing of DIR-3 KYC" and for reactivating the same a late fee of ₹ 5000/- have to be paid by the DIN holders.

We offer below packages for the annual compliance:

BASIC

Rs 14,999

18% GST

(Turnover of less than 20lakhs)

Auditor appointment, Commencement of Business certificate (INC-20A) , Financial statement preparation, Income tax return filings, Annual general meeting, Annual report AOC-4 and MGT -7 ,and DIR 3 of directors . (Exclusive of govt fees and penalties)

STANDARD

Rs 24,999

18% GST

(Turnover of more than 20 lakhs and less than 50 lakhs)

PREMIUM

Rs 34,999

18% GST

(Turnover of more than 50 lakhs and less than 100 lakhs)

We value our relationship, we look forward to working with you.

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