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Serviced 180,000+ Startups Across India
Saved Crores of Rupees & Millions of Startup Hours
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HERE'S HOW IT WORKS
1. Fill Form
Simply fill the above form to get started.
Simply fill the above form to get started.
2. Call to discuss
Our Legal Consultant will connect with you &
prepare documents.
Our Legal Consultant will connect with you
& prepare documents.
3. Get Documents
We will file Director Resignation documents
with ROC
We will file Director Resignation documents with
ROC
MANDATORY COMPLIANCES & PENALTY
(Applicable for all companies under companies act,2013)
Compliance to be done
When is this compliance tobe done
Penalty for Non-compliance
1. Issue of Share Certificates
The company must issue the Share Certificates to its shareholders within 2
months of its Incorporation or new allotment
Company: Fine from Rs. 25,000 which may extend to Rs.500,000.
Directors: Fine from Rs. 10,000 which may extend to Rs.
100,000.
2. Statutory Registers
7 to 8 Mandatory Registers to be maintained and updated from time to time
Penalty: Rs. 50,000 which may extend to Rs. 3,00,000 and
Further fine: Rs. 1,000 day for which the default continues.
3. Annual ROC Filings
w.e.f 01/04/2014
Filing Annual Return (MGT-7)
Filing Financial Statements (AOC-4)
ADT-1 (Auditor Appointment)
Every company is required to file its Annual Return(MGT-7) with the
ROC within 60 days of Event Date/Meeting Date.
The Financials(AOC-4) also to be filed within 180 days from end of
financial year.
The Auditor Appointment (ADT-1) to be filled within 15 days from
the Event Date/Meeting Date.
Additional ROC Filing Fees: Upto 12 times
of normal filing fees for each Form separately i.e. MGT-7, AOC-4 & ADT-1
(Depending on the Delay time)
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Company: Shall be punishable with fine of
Rs. 50,000 which shall extend to Rs. 5,00,000 and
Director in default: shall be punishable
with imprisonment upto 6 Months or with Minimum Fine of Rs. 50,000 which may
extend to Rs 5,00,000 or with both.
4. Board Meeting Compliances (For OPC Companies
with more than 1 Director)
1st Board Meeting thirty days of date of incorporation and
One Board Meeting to be held in each quarter of the financial
year.
Minutes of meeting to be prepared,Notice of Meeting
should be given
Attendance Register of every meeting to be maintained.
Company: Fine from Rs. 25,000 and
Director in default: liable to a penalty
of Rs. 5,000.
Non-compliance in Issue of Notice of Meeting, Director shall be
liable to a penalty of Rs. 25,000.
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Record
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180,000+ STARTUPS TRUST US
Mr. Bikash Garabadau
Founder, Cosmo Trade
Bhubaneswar, Odisha
4.8
There was a little bit of anxiety and
doubt when I contacted them as II was from one side of the country and they were from
other side and I was new to online filing and documentation process. But the
service I got from them was marvelous. These guys are so professional, that I never
felt to be new to them. The execution of papers, documentation and processing was
first class. They finished the assignment before committed time and pricing
is absolutely affordable and value for money.
LET'S CLEAR ALL THE DOUBTS!
The most important ROC compliances for OPC is yearly Annual return filing, issue of Share
certificate, maintenance of Statutory registers and minutes book. Please fill the above details and
get the detailed list of compliances in 1 minute.
Here it goes…
OPCs have many compliance exemptions in comparison to Private limited companies. However, basic
compliances as given in new companies Act is a must. Many OPC are unable to keep up with the
filing due dates and end up paying heavy penalties.
We believe in strong follow-up and reminder system to ensure that your filings are done on time.
Every Entrepreneur has to focus on the business and leave the legalities to able and trusted hands.
Thousands of Startups have trusted Startupwala for their legal needs.
There are lot of cost savings under AMC. Explained in the quote. Please fill the above form and get
the quote in a minute.
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Please fill the above form and get the detailed Saving sheet in a minute.
There are many privileges for a OPC in comparison to a Private Limited company, in terms of
exemptions for single director OPC from maintenance of Minutes book, Statutory registers and Annual
general meeting.
.Filing of Annual returns via Form MGT 7 & Form AOC 4
.Maintenance of Minutes book for multiple director OPCs
.Maintenance of Minutes book and Statutory registers
.Timely issue of Share certificates
.Yearly Disclosure of Interest by Directors
.ROC Filing for Event based compliances as given below
.Issue or new Allotment of Shares
.Change of name and Main objects of the Company
.Appointment & Resignation of Directors
.Transfer of Shares
.Appointment of MD or CEO
.Change in the Registered Office
.Change in the Authorized Capital/ Paid-up Capital
.Charge registration upon taking secured loan
.Drafting Resolutions for various meetings
.Changes in DIN
In case of a single director OPC company Board of director meeting is exempted. However, in case of a
OPCs having more than one director, board of directors meeting to be held as per provisions of the
Companies Act 2013.
No, as there is a single shareholder in an OPC, there is no need of an AGM.
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