Annual Compliance for Section 8 Company

Basic Package

15000

Annual Filing for Companies with a turnover of less than or equal to Rs. 50 lakhs per annum:

  • Preparation and Filing of Annual return 
  • Preparation and Filing of Income tax return
  • Annual Compliance management 
  • Secretarial services 

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Gold Package

24000

Annual Filing for Companies with a turnover of more than 50 lakhs but less than equal to Rs. 5 Crores per annum:

  • Preparation and Filing of Annual return 
  • Preparation and Filing of Income tax return
  • Annual Compliance management 
  • Secretarial services 

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Platinum Package

34000

Annual Filing for Companies with a turnover of more than Rs. 15 Crores per annum:

  • Preparation and Filing of Annual return 
  • Preparation and Filing of Income tax return
  • Annual Compliance management 
  • Secretarial services

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What is Annual Compliance for Section 8 Company

Each section 8 company in India has to file the annual return with ROC (Registrar of Companies). The annual General meeting must be held twice a year after 6 months. Section 8 Company Annual compliance consists of below activities

  1. Maintain Accounts and Prepare financial statements: - Mandatory at the end of each financial year
  2. Annual returns: - Once a year.
  3. Income tax return: - Each Year on or before 30th of September.
  4. Annual General Meeting: - Mandatory twice a year.
  5. Audit: - It is compulsory for section 8 company to conduct an annual audit of its accounts.
  6. Annual Filing of Forms: - Mandatory once a year.

Is annual compliance must for a section 8 company or good to have activities?

It’s mandatory for all section 8 companies to file annual compliance and other tax-related returns. Failing which will lead to heavy penalties or your Company in Defaulter list of ROC. 

Next step is to understand various implications.

Three Easy Steps for Section 8 Company Compliance

  1.  Connect to Corpseed team
  2.  Provide necessary documents required for compliance & other filing activities.
  3.  Our Compliance expert advisor will help your Section 8 company to complete annual and other mandatory Compliance.

Benefits 

  1.                  Avoid financial penalties
  2.                  Build trust & brand loyalty
  3.                  Better visibility of operations
  4.                  Avoid any legal implications
  5.                  Maintain credibility in the market

Corpseed Procedure for Section 8 Company Compliance

Step 1: - Corpseed received your request for Section 8 Company Compliance

Step 2: - We will assign a dedicated resource who is professionally skilled in company Compliance, who will help you to maintain the compliance for your Section 8 Company. You can get in touch with the assigned resource at any point of time for consultation and assistance regarding annual Compliance throughout your journey with Corpseed.

Step 3: - Our resource will help your Section 8 Company to maintain accounts and prepare the financial statement for each year.

Step 4: - Our resource will collect all the required documents/information and will complete all below mentioned Compliance activities for your Section 8 Company.

  1. Maintain Accounts and Prepare financial statements
  2. Income tax return: -
  3. Audit
  4. Annual Filing of Forms
  5. Annual returns
  6. Annual General Meeting

Step 5: - Our resource will collect all the required documents/information and file your Section 8 Company income tax return with ROC (Registrar of Companies) along with the mandatory documents after getting final confirmation from your finance team if required.

Step 6: - Our resource will help your Section 8 Company in accounts audit.

Step 7: - Our resource will draft minutes of meetings, notices and will also maintain the statutory register.

Step 8: - Above 7 steps completes your Section 8 Company Compliance under Companies Act 2013.

Frequently asked questions (FAQs)

Corporate Compliances are a set off checks set by MCA and the Company Act 2013 to have an eye on company’s financial as well as operational activities.

  • Maintain Accounts and Prepare financial statements
  • Income tax return
  • Audit
  • Annual Filing of Forms
  • Annual returns
  • Annual General Meeting
  • Ministry of Corporate Affairs (MCA) & The Company Act 2013

Yes, heavy penalty is there in case of delay in the annual filling.

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