Annual Compliance Checklist for Startups

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Annual Compliance Checklist for Startups

A startup running as a private limited company has to follow numbers of compliance as laid down by various statutes and other regulatory bodies. These include but are not limited to the periodic filing of tax and other returns, holding the board and other meetings, maintaining statutory books and accounts, etc.

The compliances can be categorized as below:

Registrar related Compliance.
Non-Registrar related Compliance

Registrar Related Compliances : 

  • Appointment of Auditor : 

The auditor should be Appointed within 30 days after the incorporation of business of Board director meeting'
The auditor is appointed 5 years of the annual general meeting.

  • Holding Board Meeting : 

First meeting within 30 days of incorporation of Bussiness.
And a minimum of 2 meetings should be held in one year.

  • Holding Annual general meeting :

One should be conducted.

  • E-form MGT-7 :

Filing Annual return within 60  days AGM should be conducted  1st April to 31st March.

  • AOC 4 : 

The financial statement should be submitted along with balance sheet and Profit and Loss A/c.

  • MBP: 

Director should be interested in the Board Meeting and they should have all the knowledge.

  • DIR 8 :

Every Director should be Filing Financial statements with company disclosure and disqualification.

  • DIR 3:

All directors of the company have to file KYC detail to MCA.

  • Director Report : 

Director Report should be filed Containing all information required by a small company

  • Statutory Register :
Statutory Register is a record of the company contain all the information such as attendance, meeting, etc.

  • Circulation :
The company can send all information to there Board member information such as Financial statement, profit, and loss, etc



    Non-Registrar compliance : 

    • Payment of periodic dues
    • Monthly/Quarterly GST Returns
    • Quarterly TDS Returns
    • Assessment of advance tax liability and payment of advance tax periodically
    • Filing of Income Tax Returns (Tax will be payable at a flat rate of 30% plus Education Cess)
    • Filing of Tax Audit Report
    • Regulatory Assessment of business under different acts of law 





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