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Following are the annual compliances for Section 8 Company:
Mandatory Audit Report
Maintenance of Books of Accounts
ITR filing
Conduct a minimum of 2 board meetings in a year
Preparation of Financial Statements
Filing of financial statements in Form AOC-4
An Annual Return is to be filed every year with other e-filing forms like MGT-7
Additional compliance to fulfil the Registration like 12AA, 80G, etc
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What Compliance Regulations Apply to Indian Subsidiary Companies?
Ensuring the establishment of a legally sound and valid Indian subsidiary company necessitates strict adherence to specific regulatory requirements, including: 1: Foreign Exchange Management Act (FEMA): Foreign companies operating in India must meticulously comply with the laws and regulations governing foreign exchange, as stipulated by the Foreign Exchange Management Act, 1999. 2: Companies Act, 2013: All Indian subsidiary companies are obligated to adhere to the provisions outlined in the Companies Act, 2013, ensuring compliance with the statutory framework governing corporate entities. 3: Reserve Bank of India (RBI) Compliances: Indian subsidiary companies are subject to various foreign exchange management compliances mandated by the Reserve Bank of India (RBI), contributing to the overall regulatory landscape. 4: Income Tax Act, 1961: Annual filing of income tax returns is a mandatory requirement for Indian subsidiaries, with compliance under the provisions of the Income Tax Act, 1961. The current corporate tax rate in India stands at 25%. 5: Annual Returns: Companies are obligated to submit annual returns to both the Ministry of Corporate Affairs (MCA) and the Registrar of Companies, reinforcing transparency and adherence to regulatory standards. 6: SEBI (Listing Obligations and Disclosure Regulations): Should the subsidiary opt to list its securities on a stock exchange, strict compliance with the Securities and Exchange Board of India (SEBI) regulations, specifically the Listing Obligations and Disclosure Regulations, becomes imperative.
What are the key post-incorporation compliances for a private limited company in India?
Post-incorporation, a private limited company in India must comply with several statutory requirements, including: Opening a bank account in the name of the company. Filing a declaration of commencement of business within 180 days of incorporation. Maintaining statutory registers such as the Register of Members and Register of Directors. Preparing and filing financial statements and annual returns with the Registrar of Companies (ROC). Registering for GST if applicable and complying with its regulations. Holding annual general meetings (AGMs) and board meetings as required by law.
What Documents are Required for Annual Compliance Filing?
Annual compliance filing typically requires documents such as financial statements, auditor reports, and other relevant records. The specific requirements may vary based on the regulatory framework. Ensuring the establishment of a legally sound and valid Indian subsidiary company necessitates strict adherence to specific regulatory requirements, including: 1: Foreign Exchange Management Act (FEMA): Foreign companies operating in India must meticulously comply with the laws and regulations governing foreign exchange, as stipulated by the Foreign Exchange Management Act, 1999. 1: Companies Act, 2013: All Indian subsidiary companies are obligated to adhere to the provisions outlined in the Companies Act, 2013, ensuring compliance with the statutory framework governing corporate entities. 1: Reserve Bank of India (RBI) Compliances: Indian subsidiary companies are subject to various foreign exchange management compliances mandated by the Reserve Bank of India (RBI), contributing to the overall regulatory landscape. 1: Income Tax Act, 1961: Annual filing of income tax returns is a mandatory requirement for Indian subsidiaries, with compliance under the provisions of the Income Tax Act, 1961. The current corporate tax rate in India stands at 25%. 1: Annual Returns: Companies are obligated to submit annual returns to both the Ministry of Corporate Affairs (MCA) and the Registrar of Companies, reinforcing transparency and adherence to regulatory standards. 1: SEBI (Listing Obligations and Disclosure Regulations): Should the subsidiary opt to list its securities on a stock exchange, strict compliance with the Securities and Exchange Board of India (SEBI) regulations, specifically the Listing Obligations and Disclosure Regulations, becomes imperative.
How do you registerd a nidhi company under section 620-A of companies act?
In order to register as a nidhi company in India under section 620-A of companies act, you will have to apply at the Ministry of Corporate Affairs headquarters.
What are the advantages of a Section 8 Company?
Following are the advantages of Section 8 Company Registration in India: Separate Legal Entity: These types of companies in India are considered as a separate legal entity, which means that they can own property, sue or be sued in their name, and enter into contracts. More Trustworthy & Credibility: Due to its non-profit nature, Section 8 Companies are often viewed as more credible & trustworthy than other types of Companies. Nil Stamp Duty: These Companies are exempted from paying stamp duty on their Registration Documents. Minimum Share Capital: These companies don’t have any minimum capital requirement. No Minimum Capital is Required: In India, Section 8 Companies do not have a minimum capital requirement and they can adjust their capital structure as per their growth and give them more flexibility. Exemption to Donors: Tax exemption is only allowed to the donations received by the Section 8 Company under Section 12A & 80G of the Income Tax Act.
How many IT companies in India?
How many IT companies in India
What are and disadvantages of the annual flooding of the Nile in India?
There are NO advantages to the annual flooding of the Nile in India. This is because the Nile is not in India, it is a river in Egypt.
What are advantages and disadvantages of the annual flooding of the Nile in India?
There are NO advantages to the annual flooding of the Nile in India. This is because the Nile is not in India, it is a river in Egypt.
Forex Trading Companies In India?
Forex Trading Companies In India
What companies offer unlimited calls to India?
There are several companies that offer unlimited calls to India, these companies include companies such as India LD, Lingo, Slick deals, Unlimited India Calling, Ring to India and lastly Pidipompi.
How many new companies in India in 2010?
There are roughly 70000 new companies incorporated in India, for new companies database or list of new companies in India 2014 you can visit
How many e-waste recycling companies in India?
200000 companies in India
