Private Limited Company Filings & compliance
Manage your Private Limited Company Filings & compliance
Running a Company in India comes with a set of legal obligations and compliance requirements, especially for entities like private limited companies. At Prakasha & Co, we understand the complexities involved in maintaining statutory compliance while focusing on the growth of your business. Our tailored services ensure that your company remains compliant with the regulations set forth by the corporate affairs (MCA) and the Income Tax Department.
Compliance Requirements for Private Limited Companies
Commencement of Business Certification
As per the Companies Act, any private limited company with share capital must obtain a Commencement of Business Certificate before initiating any business activities or borrowing powers. Failure to obtain this certificate within 180 days of incorporation incurs penalties
Auditor Appointment
Within 30 days of Registration, it's mandatory for all Indian-registered companies to appoint a statutory auditor. Failure to comply attracts penalties and can hinder business activities.
o Prakasha & Co assists in the prompt appointment of a experienced and qualified CA auditor, ensuring seamless compliance
MCA Forms AOC-4 & MGT-7
Private limited companies in India must submit MCA Forms AOC-4 and MGT-7 by specific deadlines each calendar year. Non-compliance leads to penalties.
o Prakasha & Co meticulously prepares and files these forms within the prescribed timelines, keeping your company compliant with the law
Income Tax Return Filing
Private limited companies are obligated to file their Income Tax Returns (ITR) by September 30th of each calendar year. Failure to meet this deadline results in penalties.
o Our experts tax filings handle the entire process of income tax return filing, ensuring accuracy and timely submission to avoid penalties
Directors KYC DIN Kyc
Directors of the companies in India must submit KYC Forms (DIN Kyc) by specific deadlines each calendar year. Non-compliance leads to penalties.
o Prakasha & Co meticulously prepares and files Director KYC within the prescribed timelines, keeping your Directors DIN active with the law
DPT 3 MSME etc
Filing other compliance forms like DPT 3 on loans/ advances, and due with micor small business filingss MSME forms, must submit DPT 3 and MSME forms by specific deadlines each calendar year. Non-compliance leads to penalties.
o we prepares and files DPT 3 and MSME forms within the prescribed timelines
- Filings & Deadlines: We keep you compliant with Indian regulations so you can avoid fines.
- Tax Returns & Reports: We take care of the paperwork, saving you time and money.
- Clear Explanations: No confusing jargon, just simple explanations you can understand.
Tailored Compliance Plans for New Business Startups:
We offer three comprehensive compliance plans tailored to the needs of startups in Bangalore:
- Basic Plan @ Rs 12,000/- all-inclusive:
- Suitable for companies with turnover up to 10 lakhs.
- Includes financial statement preparation, annual report, director’s report, board resolution preparation, MCA annual return filing, income tax return filing, and commencement of business certificate.
- Standard Plan @ Rs 20,000/- all-inclusive:
- Applicable for companies with turnover up to 25 lakhs.
- Includes all services in the Basic Plan with additional support tailored to the needs of growing businesses.
- Premium Plan @ Rs 30,000/- all-inclusive:
- Designed for companies with turnover up to 50 lakhs.
Includes comprehensive compliance services, ensuring adherence to all regulatory requirements for expanding businesses.
NOTE: Statutory Auditor’s professional fee is payable on actuals directly to the Independent Auditor appointed by the Board of Directors. We are not responsible for accounting, preparation of financial statements and filing of returns on behalf of the Company.
- Expertise: Our team comprises experienced professionals well-versed in Indian company law and taxation regulations.
- Personalized Service: We understand the unique needs of startups and provide tailored solutions to meet their compliance requirements.
- Timely Assistance: With our prompt services, you can focus on your business growth while we handle the intricacies of compliance.
Transparent Pricing: Our all-inclusive plans offer clarity on costs, ensuring no surprises along the way
In addition to compliance services, we offer assistance in setting up various business entities, including sole proprietorships, one-person companies, partnerships, LLPs, private limited companies, and more. Our expertise extends to registration processes and legal requirements for different business structures.
We provide comprehensive GST services, including registration, annual return filing, GST letter of undertaking (LUT) filing, registration for non-resident taxable persons, and cancellation of GST registration.
For more information or to avail of our services, contact us at crp@prakashaandco.com or call us at +91 7019827351.
At Prakasha & Co, we are committed to helping startups navigate the complexities of compliance and legal requirements, enabling them to focus on achieving their business objectives.
Not looking for Private Limited Company Filings & Compliance? Click below to find other services
- Setting up of Proprietary Concern in Bangalore
- One Person Company or OPC Registration in Bangalore
- Partnership Firms Registration in Bangalore
- Limited Liability Partnerships Registration or LLP Registration in Bangalore
- Subsidiary Company Registration in Bangalore
- Setup Branch / Liaison Office in India
Other registration required after Company registration depending on business :
- GST Registration
- Registration under Karnataka Shops and Establishment Act
- Profession Tax Registration
- MSME | Udyog Aadhaar Registration
- Employee Provident Fund Registration (PF Registration)
- Employee State Insurance Registration (ESI Registration)
- STPI Registration or Non-STPI Registration
- Import Export Code (IEC)
- Trade License from BBMP
to avail of our services, contact at crp@prakashaandco.com or call at +91 7019827351.
At Prakasha & Co, we are committed to helping startups enabling them to focus on achieving their business objectives.
