PUBLIC LIMITED - LIBERATORS

ONLINE COMPANY COMPLIANCE.

Online Company Annual Compliance at just Rs.23999/-.

(inclusive all Govt. fee)

1.Free professional assistance for the whole year including the followings

a. whole year Secretary services including Board Resolution and AGM.

b. Auditor Report for the whole Financial Year.

c. Income Tax filing with Auditor report.

d. All E-Form filings ADT-1, AOC-4 and MGT-7.
e. Minutes of the Annual General Meeting for the Financial Year.

Every company Registered under the Companies Act, 2013 must meet the mandatory requirement of annual compliance and it must be done in a very experienced and professional manner (CS, CA and LAWYER) to avoid any huge penalty or future consequences. By working with liberators.in experienced professionals will not only take the burden of company annual compliance but also make you understand each and every process.

The detail procedure of annual compliance has been elaborated below in a very simplified manner and it starts with the company Board Meeting within 30 days of Company Incorporation where the Auditor appointment for the First financial year will be happened.

1.Mandatory Auditor appointment:

The first auditor of a company, other than a Government company, shall be appointed by the Board within thirty days from the date of registration of the company and if the Board fails to appoint such auditor, it shall inform the members of the company and the members shall make the appointment of first auditor within ninety days of information at an extra ordinary general meeting and such auditor shall hold office till the conclusion of the first annual general meeting.

General procedure of appointment of first auditor in case of a company other than Govt. Company, other than a Government company is as follows:-

Obtain certificate in writing from the proposed auditor confirming his eligibility and consent to be appointed as auditor of the company.
Convene a Board meeting within 30 days of registration of the company after giving notice to all directors as per section 173 of the Act and pass a resolution for appointing the first auditor and fixing his remuneration.
Inform the first auditor so appointed with a certified copy of the resolution.
Company shall file notice of such appointment in ADT-1 to Registrar within fifteen days of such Board meeting.

Procedure where the Auditor is not appointed by the Board.

if the Board fails to exercise its power to appoint the first auditor within 30 days of registration of company, the Board shall intimate such failure to the members of the company. In this case, the following procedure is to be adopted-
Convene a Board meeting, discuss the matter, decide the day, date, time and place of the general meeting (extra-ordinary general meeting) which shall not be beyond 90 days of Board’s information of failure to appoint first auditor and approve the notice of the meeting.
Issue notice of extra-ordinary general meeting to the members of the company.
Hold the extra-ordinary general meeting and pass resolution for appointing the first auditor.
Immediately inform the first auditor of his appointment, forwarding therewith a certified copy of the resolution passed at the meeting.
Such auditors shall hold office till the conclusion of first AGM.

A company meeting must be convened and held in perfect compliance with the various provisions of the Act and the ruled Framed under the Companies Act, 2013. The Meeting is classified into Six categories, Out of which The following meeting are mandatory compliance which we must fulfil every year under Annual compliance:

2.Meeting of Directors:

Generally, Directors act through meetings and Every company shall hold the first meeting of the Board of Directors within thirty days of the date of its incorporation and thereafter hold a minimum number of four meetings of its Board of Directors every year in such a manner that not more than one hundred and twenty days shall intervene between two consecutive meetings of the Board.
The board of every listed entity shall meet at least four times a year with maximum time gap of one hundered and twenty days between any two meetings.
In case of section 8 companies, Board meetings shall apply only to extent that the Board of such companies shall hold at least one meeting within every six calendar months.
The meeting of the Board shall be called by giving 7 days’ notice in writing to every Directors at his address registered with the company through hand delivery or post or by electronic means.

3.Annual General Meetings (AGM):

Annual general meeting is required to be held by every company other than “one Person Company” every year. The company shall specify the meeting as such in the notices calling Annual General Meeting
In case of the first annual general meeting, it shall be held within a period of nine months from the date of closing of the first financial year of the company. If a company holds its first annual general meeting as aforesaid, it shall not be necessary for the company to hold any annual general meeting in the year of its incorporation.
In any case other than first annual general meeting, it shall be held within a period of six months, from the date of closing of the financial year. Not more than fifteen months shall elapse between the date of one annual general meeting of a company and that of the next.
The Registrar may, for any special reason, extend the time within which any annual general meeting, shall be held, by a period not exceeding three months. However the Registrar may not extend the time for first annual general meeting.

4.Mandatory ROC filing:

record the minutes of the meeting and get them signed by the Chairman within thirty days of the meeting.
To Preparation of minutes of the Annual General Meeting.
To send intimation of appointment/re-appointment of auditors.
To file copies of the special and other resolutions, if any, passed at the meeting, along with Form MGT- 14 with the Registrar of Companies, within thirty days of the meeting.
To file balance sheet, profit and loss account, reports of the directors and the auditors and the notice of the meeting in Form AOC-4 within thirty days of the meeting. Ensure that a copy of Secretarial Audit Report obtained from a qualified company secretary, the same audit report is filed with Registrar of Companies within 30 days from the date of annual general meeting.
To file along with the prescribed filing fee, Annual Return in Schedule V to the Companies Act as an attachment to Form MGT-7 with the Registrar of Companies within sixty days of the meeting prepared as at the date of the annual general meeting, as required by Section 92 of the Companies Act, 2013. The Certificate of Company Secretary shall be in Form MGT-8 and extract of annual return shall be attached with Board Report in Form MGT-9.
Ensure that in the case of listed company, the annual return is also signed by a Company Secretary in whole time practice.

Basic Rs.23999/-
inclusive all fees

Bookkeeping, financial statement preparation, annual report / director’s report / board resolution preparation, MCA annual return filing, income tax return filing, statutory audit, 1 year dedicated professional support with a turnover of less than Rs.15 lakhs per annum.

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Standard Rs.39999/-
inclusive all fees

Bookkeeping, financial statement preparation, annual report / director’s report / board resolution preparation, MCA annual return filing, income tax return filing, statutory audit, 1 year dedicated Professional support with a turnover of less than Rs.40 lakhs per annum.

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Premium Rs.49899/-
inclusive all fees

Bookkeeping, financial statement preparation, annual report / director’s report / board resolution preparation, MCA annual return filing, income tax return filing, statutory audit, 1 year dedicated Professional with a turnover of less than Rs.80 lakhs per annum.

Check out