Understanding Compliance for Companies in India

by Prashant Sharma, Founder, Infinilex Consultancy Private Limited

Here is a list of key compliances that every company should be cognisant of:

Annual Return Filing: Filing returns with the Registrar of Companies annually is a crucial compliance for any company in India. The Annual Filings must be filed after the conclusion of the AGM and must be accompanied by the financial statements of the company.

Board Meetings: A company must conduct a minimum of four board meetings annually with no two meetings having a gap of more than 120 days.

AGM: Hold an Annual General Meeting with all the shareholders within six months from the end of the financial year.

Statutory Registers Maintenance: Keep updated registers, including those of Members of the company, Directors, and key contracts that are to be reported in the Annual Return Filing.

GST Compliance: When registered under GST, monthly, quarterly, and annual returns should be on your radar constantly as non-filing attracts hefty penalties and prosecution in certain cases of non-compliance.

📌 Remember, adherence to these compliance measures is more than a legal obligation. It’s a testament to a company’s commitment to transparency, credibility, and good governance and ensures that no fines, penalties or costs are attracted owing to non-compliance.

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D. Samarender Reddy

Holds degrees in Medicine (MBBS) and Economics (MA, The Johns Hopkins University). Certified programmer. An avid reader. Worked in various capacities as a medical writer, copywriter, copyeditor, software programmer, newspaper columnist, and content writer.

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