Section 8 Company Compliance

Every Section 8 company is required to carry out the annual compliance activities outlined in the Companies Act of 2013 and the Income Tax Act of 1961. This protects the company's credibility and trustworthiness while avoiding fines for noncompliance. Compliance duties must be completed throughout the year and might be time-consuming.

Corpseed's yearly compliance package for Section 8 Companies guarantees that these responsibilities are handled by specialists for you. It saves you time and energy, allowing you to focus on the company's essential tasks.

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

It is 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 the benefits and various implications.

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

• Avoid financial penalties
• Build trust & brand loyalty
• Better visibility of operations
• Avoid any legal implications
• Maintain credibility in the market

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