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How We Work?
- Fill the form & Make the payment
- Share the required documents post CAs consultation
- Our experts will start drafting the requirements
- Finalizing & Filing your Annual Compliance post your approval
FAQ
What is Annual Compliance Filing?
Annual Compliance Filing is a regular update to the Govt. proving that the entity is conducting its business in accordance with the Companies Act. 2013. It has a few essentials like:
A Board Meeting of the Director(s)
Annual General Meeting
Appointing an Auditor
Annual Registrar of Companies (ROC) filing
Income Tax Compliance
What are the penalties /consequences for late or non-filing of annual return?
Late filing – Daily penalty of Rs 100 up to maximum Rs 5 Lac
Non-filing – In case of non-filing for three financial years at a row will cause the exclusion of Directors.
How much will be my Audit Fees?
The audit fees completely depend upon the turnover of your business, some of them are mentioned below
| Turnover | Audit Fees |
|---|---|
| 0 – 10L | Rs. 3,510/- |
| 10L – 20L | Rs. 5,460/- |
| 20L – 40L | Rs. 6,760/- |
| 40L – 50L | Rs. 7,410/- |
*Note that GST will be applicable wherever required.
What are the required documents in the Annual Compliance process?
For filing an Annual Compliance, the required documents are – Directors’ Board Meeting minutes, profit & loss balance sheet, conclusions from Annual General Meeting, Audit report, DSC of the Directors, and incorporation documents (PAN Card, Certificate of Incorporation).
When and where the AGM can be conducted?
The AGM should be conducted during the business hours of the company and the AGM should be held in the registered office of the entity or in the same jurisdiction area in which the registered office of the entity is located.
Can the board meeting be held through video conferencing?
Yes. The board meeting can be conducted in an online audio-visual platform like a video conference any other forms.