When you read this article, your company registraion certificate already in your hand. \u00a0 \u00a0 \u00a0 \u00a0<\/strong><\/p>\n Your new private company is now registered with MCA and Now it is a separate legal entity which is distinct from directors and members of the Company. The private limited company registration gives you many benefits which you can never avail without a corporate structure like<\/p>\n But it\u2019s no free lunch. To prove you\u2019re worthy of these advantages, you need to comply with the rules and regulations of the Companies Act, 2013, starting from the day you incorporation.<\/p>\n We are hereby providing you the comprehensive guide for all compliances required to be completed after incorporation.<\/p>\n Opening of Current Bank Account after company formation under MCA.<\/strong><\/p>\n One of the first orders after incorporation is to contact with the banker of your choice for opening Current bank account of the company. As you must be aware that PAN & TAN are also issued by the Registrar at the time of incorporation itself. You just have to contact to the banker for accountand need to submit docs:<\/p>\n After getting COI the next course of action in terms of compliance is the appointment of the first auditor of the company. Within 30 days from the date of registration of the company, the Board of Directors must call a board meeting and appoint an auditor for the company<\/a>. In case the Board fails to appoint an auditor within the above timeline, it is required to inform the members of the company, who may then within 90 days of such intimation, appoint the first auditor of the company at an Extraordinary General Meeting. The tenure of the auditor so appointed is to be till the conclusion of the first Annual General Meeting. And to file the Form ADT-1 to the Registrar of Companies within 15 days of Appointment.<\/p>\n Every director shall at the first board meeting in which he participates as a director and thereafter at the first board meeting in every financial year or whenever there is any change in the disclosures already made, then at the first Board meeting held after such change, disclose his concern or interest in any company or companies or bodies corporate, firms, or other association of individuals which shall include the shareholding in\u00a0form MBP-1\u00a0 and also a declaration in Form DIR-8 that he\/she is not disqualified to become\/continue director of the Company both of which shall be kept at the registered office of the Company.<\/p>\n Such forms shall be preserved for a period of\u00a0eight years\u00a0from the end of the financial year to which it relates and shall be kept in the\u00a0custody of the any other person authorized by the Board for the purpose.<\/p>\n On and from the 15th day of its incorporation and at all times thereafter, the company is required to have a registered office capable of receiving and acknowledging communication and notices. If the Company has not mentioned the Details of Registered office at the time of Incorporation and just mentioned the address for Correspondence. The company is required to file a verification of the registered office with the Registrar of Companies within a period of 30 days of its incorporation in form INC-22.<\/p>\n Furthermore, every company must:<\/p>\n In case of any default in complying with any of these requirements in respect of the registered office etc., a company and every officer who is in default shall be subjected to a penalty of Rs. 1,000 for every day during which the default continues, not exceeding Rs. 1,00,000.<\/p>\n Within a period of 2 months from the date of incorporation, every company must deliver the share certificates to the first subscribers of the memorandum. This also means that the subscriber has to remit\/transfer the agreed subscription amount within 60 days from the date of incorporation in the Company\u2019s account itself through bank channel only.<\/p>\n Failure by the company to deliver the certificates will attract a fine which shall not be less than Rs. 25,000 but which may extend to Rs. 5,00,000. Also, every officer of the company who is in default shall be punishable with a fine which is not less than Rs. 10,000 but which may extend to Rs. 100,000.<\/p>\n There are logistical compliances, too, that companies are required to fulfill immediately after incorporation. These include:<\/p>\n The Company incorporation does not mean that you have been registered in all laws and only means that a separate legal entity has been created by the law and now according to its business it has to be registered under other laws applicable to it like:<\/p>\n Also Note that after registration in other laws also need to comply returns formalities under other laws as may be applicable.<\/u><\/em><\/strong><\/p>\n There must be an intimation to the RoC for certain resolutions passed at any meeting between directors or members of the company through form MGT 14. Such filings should be made within 30 days of passing; else a penalty is leviable.<\/p>\n Stamping of share certificates means whenever a company issues any share certificate it has to be stamped which is to be paid within 30 days of issuance of share certificates. Stamping means payment of stamp duty on the value of share certificates issued.\u00a0 Share certificate shall be issued<\/p>\n The Share Certificates issued must be signed by 2 directors and the applicable stamp duty must be paid to make them enforeceable. The stamp duty in delhi is 0.1% of the consideration (face value + premium if any) This is online which require a need of professionals.<\/p>\n In Case of non payment, the company shall be liable for heavy penalty which may extend to 10 times of duty<\/p>\n The company shall maintain and preserve at its registered office copies of all documents and information as originally filed on incorporation till the dissolution of the Company.<\/p>\n A Company shall hold its<\/p>\n Every Company shall prepare minutes of every meeting with in 30 (Thirty) days of the conclusion of every such meeting.<\/p>\n \u00a0<\/strong><\/p>\n A company has to maintain certain registers as prescribed under the Companies Act like Register\u00a0of Members, Register of Directors, Register\u00a0of\u00a0debenture holders\/ other\u00a0Securities holders, Register\u00a0of Charges, Register of Share Transfer, Register of \u00a0Contracts with Related parties etc.<\/p>\n A company should hold its first AGM within\u00a0a period of 9 months from the date of closing of the first financial year\u00a0of the company and in any other case, within a period of 6 months, from the date of closing of the financial year and not more than 15 months shall elapse between the date of one annual general meeting of a company and that of the next.<\/strong><\/p>\n\n
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