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AMC - RoC Compliance

Rs.999/- per month + Govt. Fees

Private Ltd. company is required to follow mandatory compliance including Annual Return filing, Director's report, KYC, conducting board meetings, Maintenance of Statutory Register etc.

MANDATORY COMPLIANCES & PENALTY
(Applicable for all companies under companies act, 2013)

Compliance

1. Issue of Share Certificates

The company must issue the Share Certificates to its shareholders within 2 months of its Incorporation or new allotment.

Timeline

Penalty for Non-Compliance

  • Company: Fine from Rs. 25,000 which may extend to Rs.500,000.

  • Directors:  Fine from Rs. 10,000 which may extend to Rs. 100,000.

2. Board Meeting

  • 1st Board Meeting - within 30 days of incorporation

  • One Board Meeting to be held in each quarter

  • Notice, Minutes of meeting is mandatory

  • Attendance Register to be maintained.

  • Company: Fine from Rs. 25,000 and

  • Director in default: liable to a penalty of Rs. 5,000.

  • Non-compliance in Issue of Notice of Meeting, Director shall be liable to a penalty of Rs. 25,000.

4. Statutory Registers

Mandatory Registers to be maintained and updated from time to time

  • Penalty: Rs. 50,000 which may extend to Rs. 3,00,000 and

  • Further fine: Rs. 1,000 day for which the default continues.

5. Annual Return Filing - ROC

  • Every company is required to file its Annual Return (MGT-7) with the ROC within 60 days of AGM.

  • The Financial Statement (AOC-4) also to be filed within 30 days of AGM.

  • The Auditor Appointment (ADT-1) to be filled within 15 days from the AGM.

  • Additional ROC Filing Fees: Upto 12 times of normal filing fees for each Form separately i.e. MGT-7, AOC-4 & ADT-1 (Depending on the Delay time)

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  • Company: Shall be punishable with fine of Rs. 50,000 which shall extend to Rs. 5,00,000 and

  • Director in default: shall be punishable with imprisonment upto 6 Months or with Minimum Fine of Rs. 50,000 which may extend to Rs 5,00,000 or both.

3. Annual General Meeting (AGM) 

  • AGM to be held every year

  • Minutes of AGM to be prepared

  • Notice of AGM should be given in advance.

  • Attendance Register to be maintained.

   Default in holding AGM:

  • Company and Directors: in default shall be punishable with fine which may extend to Rs. 1,00,000 and

  • Rs. 5,000 for every day of delay

   Minutes Book Maintenance:

  • Company: Penalty upto Rs. 25,000

  • Directors in default: shall be liable to a penalty of Rs. 5,000.

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