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
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.
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.
Connect to Corpseed team
Provide necessary documents required for compliance & other filing activities.
Our Compliance expert advisor will help your Section 8 company to complete annual and other mandatory Compliance.
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: -
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.
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In India, the Section 8 Company is regulated by Indian Companies Act, 2013 and therefore the rules that are created under that and it is run by the Ministry of Corporate Affairs, Government of India
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