Conflate in business ethics with expert guidance and help with S2S Biz Solutions Company Compliance. Keeping us with you is like – A separate expert team controlling all the Annual Compliance of a Pvt. Ltd. Company, ROC filing, ITR filing and its active status through the regular filing with MCA.

What is ROC Compliance?

ROC stands for Registrar of Companies which is an office under the Indian Ministry of corporate affairs that deal with the administration of the Companies Act, 2013. ROC has been appointed under section 609 of the companies act covering the various States and Union Territories are vested with the primary duty of registering companies and LLPs floating in the respective states and the Union Territories and ensuring that such companies and LLPs comply with statutory requirements under the act. The office of ROC functions as registry records, related to the companies registered with them, which are available for inspection by members of public on payment of the prescribed fee. Moreover, there are currently 22 Registrars of companies (ROC) operating from offices in all major states of India.

Besides, the central government exercises administrative control over these offices through the respective Regional Directors. It is important to comply with all compliances applicable to your company to avoid penalties and fines.

Our Legal team will guide you through all these compliances required to be completed since the incorporation. You can get your ROC Compliance for Private Limited Companies done through S2S Biz Solutions.

Benefits of Annual Compliance

  • Increase The Company’s Credibility :
    Compliance of law is the basic requirement for any company or business. The date of filing the company’s annual return is displayed on the Master Data on the MCA portal. This helps to increase the credibility of an organization and the regularity in compliance of the return is a major criterion such as Government tenders, loan approval or for similar other functions.
  • Attract Investors :
    While pulling capital or investment for a company from the creditors or investors, the first point the investors demand is for the financial records and date before settling the with an investment proposal deal. The investors will approach the private limited company directly or also they will check the financial records or annual returns from the MCA portal. Investors prefer the companies which have filed their regular compliance records.
  • Maintain Active Status :
    By filing the annual return regularly, the private company can avoid penalties and other legal issues. Whereas if the company fails to file the return continuously, the company status will be changed to default and charges for this failure will be heavy penalties. Not only that, but the company also be declared as inoperative or removed from the Register. The directors of such company are also debarred and disqualified from their further appointment. And, from July 2018, an additional penalty fee of ₹100 per day of delay will be levied and this will continue till the date of filing.

Post Incorporation compliance of Company

1. Mandatory Compliance:-
1.     Opening bank account:-
Every company has to open a bank account after it’s incorporation. 
Followings are the required documents to open bank a/c
a.     Certificate of registration
b.     MOM Copy
c.      AOA Copy
d.     Copy of PAN
e.      Director KYC
2.     Share capital to be deposited by the shareholders:-
All the shareholders of the company to deposit the respective share amount in the company Bank a/c.
3.     Commencement of certificate (20A):-
Within 180 days, the company shall obtain a certificate of commencement of business. There is a requirement to file a disclosure made by the directors of the company stating that every subscriber has paid the amount due on the shares.
4.     Board Resolution for appointment of Auditor:-
The first auditor shall be appointed by the Board of Directors (BOD) within 30 days from the time the company is incorporated.

2. Other Compliance:-

  1. GST Registration
  2. MSME Registration
  3. Shop & Establishment Act Registration

3. Year End Compliance:-

1.     Income Tax Filing
Every company shall file their return of income within 6 month after the end of financial year.

2.     Annual General Meeting(AGM)
Every company shall call and hold Annual General Meeting within 6 month from the end of financial year and in case of the first  AGM it can be held within 9 month from the end of financial year.

3.     ROC Compliance
Every company is under mandatory compliance to file their financial statement and annual return with respective ROC and in case of not filing delay filing of is lead to penalty and fine both.