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Post-Incorporation Compliances
The months after incorporation carry several one-time filings with statutory deadlines. Missing them leads to penalties and, in some cases, to the company being flagged for strike-off. Here is what a new private limited company needs to complete.
First-year checklist for a private limited company
| Compliance | What it involves | When (Companies Act, 2013) |
|---|---|---|
| First board meeting | Adopt registered office, appoint auditor, approve bank account and share certificates | Within 30 days of incorporation (s.173) |
| First auditor | Board appoints the first auditor; intimation filed in ADT-1 | Within 30 days of incorporation (s.139(6)) |
| Share certificates | Issue certificates to subscribers and pay stamp duty | Within 60 days of incorporation (s.56) |
| Declaration of commencement of business | Form INC-20A confirming subscribers have paid for their shares | Within 180 days of incorporation (s.10A) |
| Statutory registers and minutes | Register of members, directors, charges; minutes of board meetings | Maintained from incorporation |
| Annual filings | Financial statements (AOC-4), annual return (MGT-7/7A), director KYC | Every year after the AGM / due dates |
Tax and other registrations
- PAN and TAN are issued with incorporation; check that they are correctly linked to the bank account.
- GST registration where turnover crosses the applicable threshold, for inter-state supplies, or where your customers need GST invoices.
- Shops & Establishments registration for the office, and Udyam registration to access MSME benefits. See Udyam.
- EPF and ESI registrations once the employee thresholds apply.
Until INC-20A is filed, a company should not commence business or exercise borrowing powers. Banks increasingly check this filing before opening credit lines, so file it early.
Prefer to talk it through?
Request a call, WhatsApp call or office meeting in Lucknow at a time that suits you. A Chartered Accountant will confirm the slot.