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COMPANY ANNUAL COMPLIANCE (COMPREHENSIVE)

Company compliance refers to the adherence of a company to various laws, regulations, and standards that govern its operations.

About this plan

Compliance is essential to ensure that a company operates ethically, legally, and in a manner that protects its stakeholders, including shareholders, employees, customers, and the environment. In India, companies are required to comply with various regulations, including: - Companies Act, 2013 - Securities and Exchange Board of India (SEBI) regulations - Goods and Services Tax (GST) laws - Income Tax laws - Labour laws - Environmental laws

Services Included

  • Filing annual returns and financial statements

  • Maintaining statutory records and registers

  • Obtaining necessary licenses and permits

  • Conducting annual general meetings and board meetings

  • Appointing auditors and ensuring audit compliance

  • Filing tax returns and paying taxes

  • Ensuring corporate governance and ethical business practices

Who Should Buy

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Documents Required

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Need and Advantages

Non-compliance can result in: - Penalties and fines - Legal action and prosecution - Damage to reputation and brand image - Loss of stakeholder trust and confidence - Business disruption and closure Therefore, it is crucial for companies to prioritize compliance and ensure that they have adequate systems and processes in place to meet all regulatory requirements.
PAYMENT DETAILS

2500

Service Amount

2500

Discount Amount

0


Total Amount

2500

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GST Returns Filing

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Frequently Asked Questions

Chartered Accountants (CAs); Tax Return Preparers; Tax Consultants and Certified Tax Professionals are the experts in India who can guide and file returns.

Private Limited Company set-up process typically takes around 10-12 working days. However, it can vary depending on several factors, such as the speed of document submission, verification, and approval from the authorities.

Selection of suitable entity structure for a startup involves considering several factors such as:

1. Business Goals: Define your startup's mission, vision, and objectives.
2. Ownership: Determine the number of owners (sole proprietorship, partnership, or multiple owners).
3. Liability: Consider the level of personal liability protection needed.
4. Taxation: Think about tax implications.
5. Funding: Will you need to raise capital from investors or lenders?
6. Growth Plans: Consider future expansion, mergers, or acquisitions.
7. Compliance: Evaluate the regulatory requirements and compliance burden.
8. Flexibility: Assess the need for flexibility in decision-making and management.

Common business structures for startups:
1. Sole Proprietorship: Simple, low-cost, but offers no liability protection.
2. Partnership: Shared ownership, but partners have personal liability.
3. Limited Liability Partnership (LLP): Combines partnership benefits with liability protection.
4. Private Limited Company: Offers liability protection, tax benefits, and credibility.
5. Limited Liability Company (LLC): Flexible with liability protection.

The Presumptive Taxation Scheme (PTS) offers several benefits to small businesses and professionals:

1. Simplified Accounting: No need to maintain detailed accounts and records.
2. Estimated Income: Tax is calculated on an estimated income, rather than actual profits.
3. Reduced Compliance: No requirement to get accounts audited.
4. Lower Tax Liability: Tax is calculated at a prescribed rate.
5. Exemption from Tax Audit: No requirement to get tax audit done.
6. Easy Calculation: Profit is calculated on a fixed percentage of gross receipts.

No, you cannot obtain two Director Identification Numbers (DIN) for two companies. DIN is a unique identifier assigned to an individual who is a director or proposed to be a director of a company. If you want to be a director in two companies then you can use the same DIN for both companies.

Yes, it is mandatory to maintain records of all financial transactions for your business. The Companies Act, 2013 and the Income Tax Act, 1961, require businesses to maintain accurate and complete financial records and it should be accurate; up-to-date; easily accessible for inspection by authorities and must be retained for a minimum of 8 years.

Maintaining financial records helps:
1. Track business performance: Accurate records can help you track your business performance, identify opportunities and problems and compare your business to others.
2. Prepare financial statements: Accurate records are needed to prepare financial statements, such as income statements and balance sheets. These statements can help you manage your business and deal with creditors and banks.
3. File tax returns: Accurate records can help you comply with tax laws and avoid penalties.
4. Detect and prevent fraud: Accurate records can help prevent and detect fraud and theft.

Failure to maintain proper financial records can result in penalties, fines, and legal issues.


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