Post Incorporation Compliances for a Private Limited Company


Post Incorporation Compliances for a Private Limited Company

"Call Our Business Plan Experts at +91-72999-72500"


A Private Limited Company is one of the most popular business structures for entrepreneurs as it provides greater flexibility to attract investors, raise capital and scale up over time. However, the legal work is not over as soon as you get your Certificate of Incorporation. There are a number of post incorporation statutory compliances that you must take care of as a Director or Shareholder.

It is mandatory for every Private Limited company to have a registered office within 15 days of its incorporation. This office must be capable of receiving and acknowledging communication or notices from various authorities. Moreover, the company has to verify this address with the Registrar of Companies within 30 days via SPICe Form INC-22.

The company must open a bank account and route all commercial transactions through the same. It must also file the declaration of commencement of business in E-form INC-20A to ROC within 180 days from the date of receipt of subscription money. The company must also issue share certificates to its subscribers within 60 days of its incorporation and pay stamp duty on them as per the Stamp Act of the state of issuance.

The Directors of the Company must disclose their interest in other companies or corporations. This is done to avoid conflicts of interest and ensure transparent decision-making in the Company. Moreover, this is compliance under the Companies Act which needs to be filed by all directors on a regular basis.

 

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