As per the Companies Act, 2013, compliance requirements for Companies have changed as compared to the Companies Act, 1956. Even though the Companies Act came into force on 1st April 2014 but annual Compliances for the Companies for the Financial year 2013-14 were as per the Companies Act, 1956. However, from the financial year, 2014-15 Annual Compliances will be as per the Companies Act, 2013. Annual Compliances for the companies have completely changed from the earlier Compliances.
Below is the summary of Our services pertaining to Compliances which are broadly required for various types of Companies.
A. Assisting in certain routines as well as Annual Compliances for OPC, Small Companies, and Private Limited Companies
- Disclosure of Directors’ Interest in other entities by way of directorship or shareholding,
- Calling for a declaration by Directors u/s 164(2) in Form DIR-8
- Preparation and filing of Annual Return with Registrar of Companies (ROC)
- Advising and assisting in convening Board Meeting/General Meetings and all allied activities and documentation pre & post meetings
- Drafting of Notices, Agenda, Minutes, etc. for all meetings
- Preparation and filing of relevant E-forms with Registrar of Companies)
- Documentation and formalities regarding the Appointment of Auditors
- Filing of Annual audited financials in XBRL form, if applicable
B. There are certain more Annual Compliances mandatory for Unlisted Public Limited Companies, apart from those applicable to private companies as mentioned above.
- Circulation of Financial statements and other Relevant documents
- Certification of Annual Return as Practising Company Secretary
C. Limit-Based Annual Compliance for Unlisted Public Companies.
- An unlisted Public Limited Company has to comply with the guidelines of the Companies Act 2013 with respect to the following parameters depending upon its applicability. We advise and assist companies in the following major compliances, depending upon applicability:
- Disclosure of Public Deposits
- Documentation and e-filing with respect to appointment/ resignations of Key Managerial Personnel (KMP)
- Appointment of an Independent Director
- Appointment of an Independent Women Director
- Appointment of an Internal Auditor
- Carrying out Secretarial Audit
- Constitution and further functioning of Audit Committee
- Constitution and further functioning of Nomination or Remuneration Committee
- Advising / Assisting in setting up Vigilance Mechanism.
D. Limit-Based Annual Compliance for Unlisted Public Companies.
An unlisted Public Limited Company has to comply with the guidelines of the Companies Act 2013 with respect to the following parameters depending upon its applicability. We advise and assist companies in the following major compliances, depending upon applicability:
Disclosure of Public Deposits
Documentation and e-filing with respect to appointment/ resignations of Key Managerial Personnel (KMP)
Appointment of an Independent Director
Appointment of an Independent Women Director
Appointment of an Internal Auditor
Carrying out Secretarial Audit
Constitution and further functioning of Audit Committee
Constitution and further functioning of Nomination or Remuneration Committee
Advising / Assisting in setting up Vigilance Mechanism
Advising regarding the applicability of Corporate Social Responsibility (CSR) and documentation in this regard
E. There are even more Annual Compliances for Listed Company under the Companies Act, 2013
Reconciliation of Share Capital Audit
Share Transfer Audit
Providing Scrutiniser’s Report
Shareholding Pattern
Advising regarding Postal Ballot
Unaudited /Audited Financial Statements
Corporate Governance Report