Post Set-up/ Incorporation Compliances

After registration/ incorporating a company in India, there are some compliances which needs to be done immediately:

First Board Meeting

A Company shall hold its first Board meeting within 30 days of incorporation to consider the following matters:
Design Share Certificates, sign board, name plate, etc.
Finalization of the letter head of the Company etc;
Rubber stamp of the Company;
Ratification of Pre-incorporation expenses;
Printing of MoA, AoA and Share Certificates of the Company etc.

Maintain a Registered Office

The Company shall have a registered office on or after 15^th day of its incorporation. Verification of the registered office is to be filed within 30 days of incorporation, if the company has not provided the same at the time of incorporation.

Shop for Corporate Stationery

Name Board- Companies must affix the name of the Company and the address of its registered office outside every office or place in which it carries on business.
Letterhead- Must be as per the provisions of the law.
Statutory Registers- Statutory registers for the company containing information like register of members, list of Directors, charges, debentures and other matters pertaining to the shareholders and management of the Company.

Open a Bank Account

The Company shall maintain a current Bank Account.

Appointment of Statutory (First) Auditor

The First Auditor of the Company shall be appointed within 30 days of the date of Incorporation.

Disclosure of interest by Director:

Every Director shall, at the first Board Meeting in which he participates as Director & after that at the first Board Meeting in every financial year or whenever there is any change in the disclosures, then at the first Board meeting held after such modification, disclose his interest in form MBP-1.

Deposit the Subscription amount into Bank Account

Subscribers of the Company will deposit the subscription amount into the bank account of the Company as a proof of the subscription of shares.

Share Certificates:

Every Company shall issue share certificates within two (2) months from the date of incorporation, to the subscribers of the Company.

Declaration for Commencement of Business

After receipt of subscription amount, the Company will report to the respective RoC (Registrar of Companies) about receipt of subscription amount into the account vide e-form INC-20A. The e-form required to file within 180 days from the date of Incorporation of the Company.

Payment of Stamp Duty:

Stamp duty on share certificates is to be paid within 30 days from the date of issue of share certificates

Obtain commercial Registrations

GST Registration
Appoint a compliance Management team
Statutory registers like share certificates, Members, Directors, KMP and Interest in other entities.

Read more: Post Set-up/ Incorporation Compliances

How to open a Bank Account

DIN KYC

Corporate Secretarial Compliances of a Company

Regular Compliances