{"id":13963,"date":"2019-02-25T17:52:47","date_gmt":"2019-02-25T12:22:47","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?p=13963"},"modified":"2022-09-06T13:56:00","modified_gmt":"2022-09-06T08:26:00","slug":"mandatory-corporate-compliance","status":"publish","type":"post","link":"https:\/\/enterslice.com\/learning\/mandatory-corporate-compliance\/","title":{"rendered":"Corporate Compliance Calendar for the year 2019"},"content":{"rendered":"<p>Irrespective of their business activity and turnover, all the companies which are registered under the Companies Act, 2013 in India have to comply with prescribed rules and regulations.  Private limited companies are one of the most popular forms of starting a business; there are various compliances for companies which you need to comply with once your business gets started. Moving ahead, you need to mark a few essential dates on your calendar to comply with mandatory annual compliances. In this article, we will make it easy for you to file necessary forms on such dates.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How ROC plays a significant role in Compliance for companies?<\/h2>\n\n\n\n<p>ROC which\nis known as Registrar of Companies is an office under the Ministry of Corporate\nAffairs which deals with the administration of companies and Limited Liability\nPartnership in India. It covers various States and Union Territories. Moreover,\nstates like Tamil Nadu and Maharashtra have more than one ROC.  ROC functions as the registry records, related\nto the companies which are registered with them and can be asked for inspection\nby the members of public on payment of the prescribed fee. Further, there are\ncurrently 22 Registrars of companies (ROC) operating from offices in all primary\nstates of India.<\/p>\n\n\n\n<p>Besides,\nthe central government exercises administrative control over these offices\nthrough the respective Regional Directors. Hence, it is mandatory to comply\nwith all compliances applicable to your company to avoid penalties and fines.<\/p>\n\n\n\n<p>Our team at <g class=\"gr_ gr_4 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del multiReplace\" id=\"4\" data-gr-id=\"4\">Enterslice<\/g> can guide you through all the compliances which are required to be completed. Hence, you can get your ROC Compliance for Private Limited Companies done through <g class=\"gr_ gr_5 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del multiReplace\" id=\"5\" data-gr-id=\"5\">Enterslice<\/g>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What are the various Annual RoC Filings for\nCorporate Compliance?<\/strong><\/h2>\n\n\n\n<p>All the Private Limited Companies are required\nto file its Annual Accounts and Returns which must disclose details of its\nshareholders, directors, etc. to the Registrar of Companies. Such compliances\nshould be made once in a year.<\/p>\n\n\n\n<p>Further,as a part of Annual Filing, the following forms needs to be filed with the ROC under <strong>Companies Act, 2013<\/strong><sup><a href=\"https:\/\/www.mca.gov.in\/Ministry\/pdf\/CompaniesAct2013.pdf\"><strong>[1]<\/strong><\/a><\/sup>:<\/p>\n\n\n\n<ul><li><strong>MSME 1<\/strong><\/li><\/ul>\n\n\n\n<p>All the companies who get their supplies of\ngoods or services from micro and small enterprises and whose payments to micro\nand small enterprises exceeded 45 days from the date of acceptance of the goods\nor services shall submit a half yearly return to the MCA. The due date for\nfiling MSME -1 is:<\/p>\n\n\n\n<p>1. For &lsquo;April to September&rsquo;, the due date is 31<sup>st<\/sup>\nOctober<\/p>\n\n\n\n<p>2. For &lsquo;October to March&rsquo;, the due date is 30<sup>th<\/sup>\nApril <\/p>\n\n\n\n<ul><li><strong>DPT-3<\/strong><\/li><\/ul>\n\n\n\n<p>Form DPT-3 must be filed by all the companies other than the Government Company. Hence, it must be filed by <a href=\"https:\/\/enterslice.com\/company-registration\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Private Limited Company (opens in a new tab)\">Private Limited Company<\/a>, OPC, Section 8 Company.<\/p>\n\n\n\n<ul><li><strong>E\nForm Active (INC-22A)<\/strong><\/li><\/ul>\n\n\n\n<p>This form is recently introduced and applies to\nevery company. This form is named as ACTIVE (INC-22A) and is a part of ACTIVE\n(Active Company Tagging Identities and Verification) exercise.  Such companies\nare required to submit the form on or before April 25.<\/p>\n\n\n\n<ul><li><strong>DIN-3<\/strong><\/li><\/ul>\n\n\n\n<p>The concept of a Director Identification Number (DIN) has\nbeen introduced with the insertion of Sections 266A to 266G of Companies\n(<a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Amendment&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;An &amp;quot;amendment&amp;quot; refers to the formal change or correction of a legal document, often involving additions, variations, or deletions to address irregularities or clarify points in an agreement.(...)&lt;\/div&gt;\"  href=\"https:\/\/enterslice.com\/learning\/terms\/amendment\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>Amendment<\/a>) Act, 2006. As such, all the existing and intending Directors have\nto obtain DIN. For the Financial year 2019-20 onwards &ndash; Every\nDirector who has been allotted DIN on or before the end of the financial year,\nand whose DIN status is &lsquo;Approved&rsquo;, would be mandatorily required to file form\nDIR-3 KYC before 30th April of the immediately next fiscal year.<\/p>\n\n\n\n<ul><li><strong>AOC-4<\/strong><\/li><\/ul>\n\n\n\n<p>This Form is used for filing XBRL document in\nrespect of financial statement and other documents with the Registrar.\nAccording to the Companies Act, 2013 it has been mandated for all companies to\nfile the annual accounts within 30 days and annual returns within 60 days\nrespectively. However, the given time period is from the conclusion of the\nAnnual General Meeting.<\/p>\n\n\n\n<ul><li><strong>MGT-7<\/strong><\/li><\/ul>\n\n\n\n<p>This form is used for filing the annual return\nof the company. The\ndue date for filing MGT-7 is 60 days from the date of the Annual\nGeneral Meeting.<\/p>\n\n\n\n<p>You can refer the below table for a quick guide of the above forms in <g class=\"gr_ gr_3 gr-alert gr_gramm gr_inline_cards gr_run_anim Grammar multiReplace\" id=\"3\" data-gr-id=\"3\">the timely<\/g> manner.<\/p>\n\n\n\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"10\" width=\"100%\"><tbody><tr><td>\n  <strong>ROC\n  Forms<\/strong>\n  <\/td><td>\n  <strong>Due Date<\/strong>\n  <\/td><\/tr><tr><td>\n  <strong>Initial MSME 1<\/strong>\n  <\/td><td>\n  Within 30 days from the\n  availability of form on MCA Portal\n  <\/td><\/tr><tr><td>\n  <strong>DPT 3<\/strong>\n  <\/td><td>\n  Within 90 days from the date of notifications,\n  i.e. 20<sup>th<\/sup> April 2019\n  <\/td><\/tr><tr><td>\n  <strong>E Form Active (INC 22A)<\/strong>\n  <\/td><td>\n  On or before 25<sup>th<\/sup>\n  April 2019\n  <\/td><\/tr><tr><td>\n  <strong>DIN 3<\/strong>\n  <\/td><td>\n  On or before 30<sup>th<\/sup> April 2019\n  <\/td><\/tr><tr><td>\n  <strong>MSME 1 (1<sup>st<\/sup> half)<\/strong>\n  <\/td><td>\n  On or before 30<sup>th<\/sup>\n  April 2019\n  <\/td><\/tr><tr><td>\n  <strong>DPT 3<\/strong>\n  <\/td><td>\n  On or before 30<sup>th<\/sup> June 2019\n  <\/td><\/tr><tr><td>\n  <strong>AOC 4<\/strong>\n  <\/td><td>\n  On or before 30<sup>th<\/sup>\n  October 2019\n  <\/td><\/tr><tr><td>\n  <strong>MSME 1 (2<sup>nd<\/sup> half)<\/strong>\n  <\/td><td>\n  On or before 30<sup>th<\/sup> October 2019\n  <\/td><\/tr><tr><td>\n  <strong>MGT 7<\/strong>\n  <\/td><td>\n  On or before 29<sup>th<\/sup>\n  November 2019\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Non-Compliance<\/strong><\/h2>\n\n\n\n<p>In\ncase a Company fails to comply with the rules and regulations of the Companies\nAct, then the Company and every officer who is in default shall be punishable\nwith the fine for the period for which default continues.<\/p>\n\n\n\n<p>On\nthe other hand, in case there is a delay in any filing of the above forms on\ntime, then additional fees are required to be paid, which keeps on increasing\nas the period of non-compliance increases. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>To Sum Up<\/strong><\/h2>\n\n\n\n<p>A private limited company has to follow numbers of compliance under the Companies Act, 2013 and other regulatory bodies.  Moreover, it is important to consider that these compliances of companies under the Companies Act, 2013 are a tedious and repetitive process. Such compliances under the  Companies Act, 2013 are an ongoing process and not a onetime thing.<\/p>\n\n\n\n<p>We provide regular\nfollow with our client about the company&rsquo;s compliance calendar. For any more\ninformation and consultancy visit Enterslice or drop us an email at <a href=\"mailto:info@enterslice.com\">info@enterslice.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Irrespective of their business activity and turnover, all the companies which are registered under the Companies Act, 2013 in India have to comply with prescribed rules and regulations. Private limited companies are one of the most popular forms of starting a business; there are various compliances for companies which you need to comply with once [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":13971,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1290,2369],"tags":[2380,565],"acf":{"service_id":"1"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Corporate Compliances Calendar for the Financial year 2019-20<\/title>\n<meta name=\"description\" content=\"As a part of annual filing, the provided forms needs to be filed for annual Compliances before their due date expires and they need to compulsory filed\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterslice.com\/learning\/mandatory-corporate-compliance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Corporate Compliances Calendar for the Financial year 2019-20\" \/>\n<meta property=\"og:description\" content=\"As a part of annual filing, the provided forms needs to be filed for annual Compliances before their due date expires and they need to compulsory filed\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterslice.com\/learning\/mandatory-corporate-compliance\/\" \/>\n<meta property=\"og:site_name\" content=\"Enterslice\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/enterslice\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-25T12:22:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-06T08:26:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2019\/02\/Compliances.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"898\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@enterslice\" \/>\n<meta name=\"twitter:site\" content=\"@enterslice\" \/>\n<!-- \/ Yoast SEO plugin. -->","authorName":"Neelansh Gupta","authorImageUrl":"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2019\/04\/IMG_20190305_185223.jpg","authorDescription":"Mr. Neelansh Gupta is a Legal Counsel having extensive in-depth knowledge of various laws.  He has completed his graduation in law and has experience in IPR, Taxation and Corporate laws.","postViews":493,"readingTime":4,"nextPost":{"id":13962,"slug":"restoration-nbfc-license"},"prevPost":{"id":13950,"slug":"new-gst-rates-for-real-estate-relief-for-homebuyers"},"featuredMediaUrl":"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2019\/02\/Compliances.jpeg","postTerms":"Annual Compliance","_links":{"self":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts\/13963"}],"collection":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/comments?post=13963"}],"version-history":[{"count":0,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts\/13963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media\/13971"}],"wp:attachment":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media?parent=13963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/categories?post=13963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/tags?post=13963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}