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First Month RoC Mandatory Compliance
First Month RoC Mandatory Compliance immediate Company Registration
Compliance is to be done in adherence to the laws, regulations, guidelines as stated by the Companies Act, 2013. The Registrar of Companies, i.e. ROC is the sector of the Ministry of Corporate Affairs that handles the compliance of every company that falls under its jurisdiction.
Once the company is incorporated, following compliance needs to be done within 30 days:
Auditor’s Appointment
Within 30 days of incorporation of the company, it needs to appoint an auditor (a chartered accountant) for auditing the financial documents and statements.
Meetings of Board of Directors
First Board meeting of the board of directors to be conducted within 30 days of incorporation of company and minutes o meeting needs to be prepared.
Declarations from Directors
In the first Board meeting of the board of directors, interest of directors in other entities needs to be taken on record through Form MBP-1.
Issue of Share Certificate(s)
Upon receipt of share capital amount from respective shareholder(s), share certificates needs to be issued to the respective shareholder for heir record under company seal.
Filing of Business Commencement Certificate
Upon receipt of share capital amount from respective shareholder(s) in company's bank account, form-20A for Business Commencement certificates needs to be filed with the registrar within 180 days of incorporation.
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