After Public Limited Company incorporation, next legal complication from ROC (Registrar of Companies) is annual compliances. It’s mandatory for all Public Limited companies to file annual compliances on time as per dates defined by ROC. Failure in filing compliance on time leads to heavy penalties on business.
Ministry of Corporate Affairs (MCA) & The Company Act 2013
Corporate compliances are checks set by MCA and the Company Act 2013 to have an eye on company’s financial as well as operational activities.
Annual Filing, Disclosure by Directors, Drafting of Annual return, Minutes, notices, Maintain Accounts and Prepare financial statements, Annual returns, Annual General Meeting, Board meetings, Director reports, Annual Filing of Forms, Yearly Forms by Directorsand updating the Statutory Register
Yes. Heavy penalty is there in case of delay in annual filling.
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