With the hype, India shares, joining the Indian market will be very difficult and advantageous at the same time for combining entrepreneurship and newly originated companies in the upcoming years. We can openly highlight one such face of real-life with the statutory, regulatory compliances, and the compulsory safety measures that the new players on the ground should keep in check while doing business in India, with more concentration on the necessities under the Companies Act, 2013 (New Companies Act) and then on some other prime legislations.
Once all the documentation necessary for incorporation is cleared and the certificate of incorporation is granted to the company, the company is recognized as a separate legal entity for the law, different from the members.
Returns & Other Business Compliances
ROC Compliances
Registrar of Companies (RoC) is a statutory department of the Ministry of Corporate Affairs. Under the Companies Act, 2013 Roc has been empowered to administer the work of each and every company and LLP registered in India. Each state has its separate RoC, Every company and LLP mandates to comply with rules and provisions of the companies Act, 2013 on time with Roc. Non-compliance with rules and provisions under the Companies Act, 2013 has attracted heavy penalty or imprisonment provisions.
The scope of compliance is not only limited to annual Returns and file balance sheets with Roc but it includes each and every kind of change in an organization that is carried out during the year and have must inform Roc in a prescribed manner and in prescribed forms under Companies Act, 2013.
Annual Filling
All the organizations registered in India, combining private limited, limited company, one-person company, and section 8 company have to compulsorily file returns with ROC every year. It needs an Annual General Meeting and filing annual accounts with ROC. AGM is held within 6 months from the end of every financial year. In the situation of new companies, the first meeting should be organized within 18 months from the date of commencement or 9 months from the end of the financial year whichever is closer. Companies Act 2013 validates that your financial year should start from 1st April and end on 31st March.
Annual return is a summary containing briefing and documents that consist of the Balance Sheet of the Company, Profit & Loss Account, Compliance Certificate, Registered Office Address, Register of Member, Shares and Debentures records, Debt details, and information about the operation of the Company. The annual return would also describe the alteration in Directorship and facts of transferring securities. When we help you with filings it’s all upon us to manage your records.
Returns
Taxation services in India are assigned with proper concentration and alertness. The essentials and finances of the clients adding with the time-bound work are some key principles that we appreciate when serving taxation services in India to our associates. We not only provide guidance on income tax planning, filing annual returns, etc but at the same time, we also watch on requirements, importance, and money balance so that you are provided with a standardized service efficiently.
A GST Return is a legal briefing that consists of all the descriptions of your sales, purchases, tax gathered on sales (output tax), and tax cleared on purchases (input tax). Once you file GST returns, you have to compulsorily pay the upcoming tax liability (money that is liable to the government)
Income Tax Return or ITR is a form that a person is liable to submit to the Income Tax Department of India. It has the description of the person’s earnings and the charges to be levied on them during the year.
TDS Return is a quarterly record presented by the deductor to the Income Tax Department. The TDS Return records have complete details like the PAN (Permanent Account Number) number of the deductor & the deductees, all the described statements of the TDS paid to the government and the TDS paying details.
Accounting & Payroll
A bookkeeping service possesses prime wheels of opinions towards originating and handling your overall company monetary system progress and moving forward. The first design is formed by the accounting software expert. He/she maintains your financial records data so that it’s combined with the particular needs of you and your business. We will assure you that you have reached the software and records you were found.
ISO Certification
ISO refers to the International Organization for Standardisation. It is an extricate organization that classifies standards in the form of quality, safety, and efficiency of goods and services served by organizations. ISO certification helps to standardize your business values as well as overall effectiveness.it permits and authenticates you as well as the purchaser that they are safe to buy products.
