Compliance Requirement For Firms In India
The document outlines the various statutory compliance requirements for private limited companies and limited liability partnerships in India. It lists 16 compliance requirements for private limited companies under acts such as the Companies Act 2013, Income Tax Act 1961, and Goods and Services Tax Act 2017. These include obtaining certificates of incorporation and other founding documents initially, and annual filings like audited financial statements, income tax returns, and annual returns. Similarly, it lists 14 compliance requirements for limited liability partnerships governed by acts like the Limited Liability Partnership Act 2008, Income Tax Act 1961, and Goods and Services Tax Act 2017. The compliance types include initial registration documents and annual filings such as audited accounts, income tax returns, and annual returns.
Compliance Requirement For Firms In India
- 2. Statutory compliance - Pvt Ltd Company S.N o Act Compliance Type Forms/ compliance Purpose and Due date 1 Companies Act 2013 Mother Documents Certificate of Incorporation NA 2 Companies Act 2013 Mother Documents MOA NA 3 Companies Act 2013 Mother Documents AOA NA 4 Companies Act 2013 Mother Documents Share Certificates NA 5 Income Tax Act 1961 Mother Documents PAN NA 6 Income Tax Act 1961 Mother Documents TAN NA 7 Goods and Service Tax Act 2017 Mother Documents GST Registration Certificate NA 8 DGFT Mother Documents IE certificate NA 9 Companies Act 2013 One-time Compliance ADT 1 Within 15 days from the date of appointment of auditor 10 Companies Act 2013 One-time Compliance DIR 12 For Appointment or resignation of Director - Within 30 days of the event 11 Companies Act 2013 One-time Compliance INC 22 For change of registered office - Within 15 days of the event 12 Companies Act 2013 Yearly Compliance MBP 1 Every Director of the Company in First Meeting of the Board of Director in each Financial Year needs to disclose his interest in other entities. 13 Companies Act 2013 Yearly Compliance DIR 8 Every Director of the Company in each Financial Year has to file with the Company disclosure of qualification / non-disqualification. 14 Companies Act 2013 Yearly Compliance Audited Financial Statement 15 Companies Act 2013 Yearly Compliance MGT 7 Annual Return within 60 days from the date of AGM 16 Companies Act 2013 Yearly Compliance AOC 4 Annual Return within 30 days from the date of AGM. Financial Statement: i.e Balance Sheet along with Statement of Profit and Loss Account and
- 3. Statutory compliance - LLP S.No Act Compliance Type Forms/ compliance Purpose and Due date 1 Limited Liability Partnership Act 2008 Mother Documents Certificate of Incorporation NA 2 Limited Liability Partnership Act 2008 Mother Documents Partnership Deed NA 3 Income Tax Act 1961 Mother Documents PAN NA 4 Income Tax Act 1961 Mother Documents TAN NA 5 Goods and Service Tax Act 2017 Mother Documents GST Registration Certificate NA 6 DGFT Mother Documents IE certificate NA 7 Limited Liability Partnership Act 2008 One-time Compliance Form-4 / Form-4A Notice of appointment, cessation, change in designation of a designated partner or partner and consent to become a partner/designated partner 8 Limited Liability Partnership Act 2008 One-time Compliance Form -3 Intimation w.r.t Changes in LLP agreement 9 Limited Liability Partnership Act 2008 One-time Compliance Form-15 For change of registered office - Within 15 days of the event 10 Limited Liability Partnership Act 2008 Yearly Compliance Audited Financial Statement (If Turnover > 40 lacs) 11 Limited Liability Partnership Act 2008 Yearly Compliance Form-11 Annual Return - 30.05.XXXX 12 Limited Liability Partnership Act 2008 Yearly Compliance Form-8 Statement of Account & Solvency - 30.10.XXXX 13 Income Tax Act 1961 Yearly Compliance IT Return Within 31.07.20XX 14 Goods and Service Tax Act 2017 Yearly Compliance GSTR 9 31st December of suceeding financial year. 15 Income Tax Act 1961 Quarterly Compliance Advance Tax 15th of the quarter ending 16 Income Tax Act 1961 Quarterly Compliance TDS Return 31st of the month suceeding the quarter (Q4 - 31st May)