Compliance requirements for Company explained: this guide covers what it means, who it applies to, the step-by-step process, documents required, fees, due dates and penalties in India — so you can stay compliant with confidence and avoid costly mistakes.
This article contains various Compliance requirements for the Month of January 2020 under the Companies act and LLP Act. Compliance means “adhering to rules and regulations.” Compliance is a continuous process of following laws, policies, and regulations, rules to meet all the necessary governance requirements without any failure.| Applicable Laws/Acts | Due Dates | Compliance Particulars | Forms / Filing mode |
| Companies Act, 2013 | Within 180 Days From The Date Of Incorporation Of The Company + An additional time of 6 more months shall be allowed by MCA (6+6 months) | As per Section 10 A (Commencement of Business) of the Companies Act, 2013, inserted vide the Companies (Amendment) Ordinance, 2018 w.e.f. 2nd November, 2018, a Company Incorporated after the ordinance and having share capital shall not commence its business or exercise any borrowing powers unless a declaration is filed by the Director within 180 days from the date of Incorporation of the Company with the ROC. CLICK HERE | MCA E- Form INC 20A (one time compliance) |
| Companies Act, 2013 | First declaration within 90 days from the date of notification Dt. 08.02.2019 | A person having Significant beneficial owner shall file a declaration to the reporting company : Click here i.e. within 90 days of the commencement of the Companies (Significant Beneficial Owners) Amendment Rules, 2019 i.e. 08.02.2019 In case Subsequent Acquisition of the title of Significant Beneficial Owner / Any Change therein a declaration in Form No. BEN-1 required to be filed to the reporting company, within 30 days of acquiring such significant beneficial ownership or any change therein. | Form BEN-1 Draft Format available at LINK |
| Companies Act, 2013 | 31.12.2020 (now penalty applicable) | Filing of form BEN-2 under the Companies (Significant Beneficial Owners) Rules, 2018. (Within 30 days from deployment of the E –form (earlier the date of receipt of declaration in BEN-1 ) CLICK HERE | Form BEN – 2 (e-form deployed by Ministry (ROC)) on 01.07.2019 |
| Companies Act, 2013 | One time Compliance | Filing of the particulars of the Company & its registered office. (by every company incorporated on or before the 31.12.2017.) Due date extended- Link : CLICK HERE | Active Form INC -22A |
| Companies Act, 2013 | Annual Compliance | *DIN KYC through DIR 3 KYC Form is an Annual Exercise. Last date for filing DIR-3 KYC for Financial year 2019-20 has been extended till 31st December, 2020 Annual Exercise: CLICK HERE Penalty after due date is Rs. 5000/-(one time) | E-Form DIR – 3 KYC (Web Based and E-form) |
| Companies Act, 2013 | within 60 days from the date of deployment of this form on the website of the Ministry. | Reconciliation of Share Capital Audit Report (Half-yearly) Pursuant to sub-rule Rule 9A (8) of Companies (Prospectus and Allotment of Securities) Rules, 2014 To be filed all unlisted companies, deemed public companies Till further clarification to be filled in GNL-2 Applicable w.e.f. 30.09.2019 Extension Notification: | E-Form PAS – 6 Available w.e.f. 15.07.2020 ) |
| Companies Act, 2013 | Within 270 days from the date of deployment of this Form | Annual Return To Be Filed By Auditor With The National Financial Reporting Authority Note on NFRA -2 Click Here | NFRA-2 (NFRA-2 e-Form live since 9th December 2019.) |
| Companies Act, 2013 | Due date was 30.06.2020 and was to be filed till 31.12.2020 under CFSS, now penal provisions applicable | DPT 3 is a return of deposits that companies must file to furnish information about deposits and/or outstanding receipt of loan or money other than deposits. Company can file Form DPT-3 upto 31.12.2020 without any additional fee | DPT-3 |
| Companies Act, 2013 | Due date is 30.11.2020 and was to be filed till 31.12.2020 under CFSS, now penal provisions applicable | IEPF Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2019 Statement of unclaimed and unpaid amounts | IEPF -2 |
| Companies Act, 2013 | On or before 31.12.2020 | Statement of Amounts credited to Investor Education and Protection Fund Pursuant to Rule 5(4A) | IEPF Form - 1A |
- Due dates of LLP Return Filing:
- LLP Form 8 (Statement of Account & Solvency) on or before 31.12.2020 (due date is 31.10.2020 and extended as per Modified LLP Settlement scheme, 2020)
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- The charge details i.e. creation, modification or satisfaction of charge, can be filed through Appendix to e-Form 8 (Interim)
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- Form LLP -8 can be filed after due date with a penalty of Rs. 100/- per day till the filing is completed.
- Due dates of ROC Annual Return Filings:
| Sl. No. | Particulars | Due Date | E- Form |
| 1 | Appointment of Auditor | Within 15 days from the conclusion of AGM (ratification at every annual general meeting is not mandatory) | ADT-1 |
| 2 | Filing of financial statement and other documents with the ROC | With in 30 days from the conclusion of the AGM, other than OPC (In case of OPC within 180 days from the close of the financial year) | AOC-4 |
| 3 | Filing of annual return by a company. | With in 60 days from the conclusion of AGM | MGT-7 |
| 4 | Filing of Cost Audit Report with the Central Government | With in 30 days from the receipt of Cost Audit Report Extension notification: Click here | CRA-4 |
| 5 | Filing of Resolutions and agreements to the Registrar | Within 30 days from the date of Board Meeting. | MGT-14 |
- KEY UPDATES:
- Extension of LLP Settlement Scheme, 2020
- Stakeholders may please note that there is no change in the additional fee logic of eform MGT-7 and AoC-4/AOC-4 XBRL/AOC-4 CFS/AOC-4 NBFC for the FY 2019-20 w.e.f 01 January 2021 since extension was provided to all the companies for conducting AGM and not for filing the form. Hence, the due date of form filing shall be computed based on the actual date of AGM or due date/extended due date of AGM as the case may be.
- Stakeholders may please note that the Field ‘SRN of the application filed for extension’ (GNL-1) in eform MGT-7 is made optional for FY 2019-20 w.e.f 01 January 2021 due to blanket extension provided for all companies to conduct AGM.
- Please note that the last date for filing DIR-3 KYC for Financial year 2019-20 has expired on 31st December 2020. The process of deactivating the non-compliant DINs is in progress and will be completed shortly. Please note that web service DIR-3 KYC shall not be available for filing during the pendency of this activity. Filing of DIR-3 KYC can be made after completion of the scheduled activity, as above, when the service is made available on the portal after payment of applicable fees. Stakeholders may kindly note and plan accordingly.
- Important Updates
- MCA Monthly Update Calendar: December, 2020
| Sl. No. | Particulars of the Circulars | Link |
| 1 | Relaxation of additional fees and extension of last date of filing of CRA-4 (form for filing of cost audit report) for FY 2019-20 under the Companies Act, 2013 | Click here |
| 2 | Companies (Appointment and Qualification of Directors) Fifth Amendment Rules 2020 | Click here |
| 3 | Companies (Compromises, Arrangement and Amalgamations) Second Amdt Rules 2020 | Click here |
| 4 | Invitation for applications from IEPFA for preparation of panel for engagement of Consultants from amongst retired Officers of Central Government/ PSUs/SEBI purely on contract basis. | Click Here |
| 5. | The Companies (Auditor’s Report) Second Amendment Order, 2020 | Click Here |
| 6. | Companies (Share Capital and Debentures) Second Amendment Rules, 2020 | Click Here |
| 7 | Companies (Incorporation) Third Amendment Rules, 2020 | Click Here |
Key Facts About Compliance requirements for Company
- Applies in: All states across India, under the relevant central law.
- Mode: Mostly online via the official government portal.
- Typical timeline: Ranges from a few days to a few weeks depending on the case.
- Non-compliance: May attract penalties, interest or late fees.
- Expert help: TaxClue completes the entire process end to end for you.
What is Compliance requirements for Company?
Compliance requirements for Company is an important compliance and legal topic for businesses and individuals in India. This guide explains its meaning, applicability and key requirements in simple language so you can understand and stay fully compliant.
Who needs to know about Compliance requirements for Company?
Business owners, startups, professionals, and taxpayers dealing with Compliance requirements for Company should understand the applicable rules. Requirements can vary by turnover, entity type and activity, so it is best to confirm your specific case before proceeding.
Over 90% of compliance penalties in India arise from missed due dates — timely handling can save businesses thousands of rupees each year.
Compliance requirements for Company: a key compliance topic in Indian tax and corporate law that businesses and individuals must understand to remain compliant.
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