Registering a Private Limited Company in India is just the beginning of your entrepreneurial journey. Once you receive the Certificate of Incorporation (COI) from the Ministry of Corporate Affairs (MCA), there are several mandatory post-incorporation compliances you must fulfil.
Ignoring these compliances can result in penalties, legal issues, or even disqualification of directors.
Why Post-Incorporation Compliance Matters
Legal Recognition: Compliance ensures that your company remains in good standing with MCA.
Avoids Penalties: Late filings or non-compliance attract heavy fines under the Companies Act and Income Tax Act.
Investor Confidence: A fully compliant company gains credibility with investors, lenders, and clients.
Director Protection: Timely compliance protects directors from personal liability and disqualification.
Immediate Actions After Incorporation (Within 30–60 Days)
1. Hold the First Board Meeting Within 30 days of incorporation, the company must hold its first Board of Directors meeting to pass initial resolutions (appointment of auditor, registered office confirmation, etc.).
2. Appoint a Statutory Auditor A Chartered Accountant or CA firm must be appointed as the statutory auditor at the first Board meeting. File Form ADT-1 with MCA within 15 days.
3. Open a Bank Account Open a current account in the company's name. Subscriber capital must be deposited within 60 days of incorporation.
4. Issue Share Certificates Share certificates must be issued to all subscribers within 60 days of incorporation.
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**GST Registration:** Mandatory once turnover crosses INR 20 lakh (INR 10 lakh for special category states) or for inter-state supply
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**Professional Tax:** Required in states where applicable
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**PF/ESI:** Register once you have 10+ (ESI) or 20+ (PF) employees
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**Shops & Establishment Act:** Required in most states for offices
6. File INC-20A (Declaration of Commencement of Business) Companies with share capital must file Form INC-20A within 180 days of incorporation. Non-filing attracts a penalty of INR 50,000 on the company and INR 1,000 per day on directors.
Annual Compliance Calendar
Monthly / Quarterly
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TDS deductions and payment (by 7th of following month)
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TDS returns: Form 24Q (salary), 26Q (non-salary) — quarterly
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GST returns: GSTR-1 (monthly/quarterly), GSTR-3B (monthly)
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Advance tax payments: June 15, September 15, December 15, March 15
Annual
Filing | Due Date | Form |
|---|---|---|
Annual accounts with MCA | 30 days after AGM | AOC-4 |
Annual return with MCA | 60 days after AGM | MGT-7 |
Income tax return | October 31 (if audit) | ITR-6 |
Statutory audit | Before 30 September | - |
Director KYC | September 30 | DIR-3 KYC |
Transfer pricing report (If applicable) | November 30 | Form 3CEB |
AGM Requirement
Every Private Limited Company must hold an Annual General Meeting (AGM) within 6 months of the end of the financial year (by September 30 for Financial Year ending March 31).
For Foreign-Owned Companies: Additional FEMA Filings
If your company has received foreign investment, additional RBI/FEMA filings apply:
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**Form FC-GPR:** Within 30 days of receiving foreign equity
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**Annual Performance Report (APR):** Filed by December 31 each year (for companies with outward FDI)
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**FLA Return:** Annual Return on Foreign Liabilities and Assets, filed by July 15 each year
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**Form FC-TRS:** On any transfer of shares between resident and non-resident
Common Penalties for Non-Compliance
Default | Penalty as per respective law
How India Company Setup Can Help
Our post-incorporation retainer service covers all of the above — from statutory audit and MCA filings to GST returns, TDS, payroll, and FEMA compliance. We serve as the compliance backbone for 100+ companies, ensuring zero penalties and full regulatory standing.
Our CA team advises foreign companies on compliance every day. Book a free 30-minute consultation.