Annual Compliances of a Producer Company Agriculture is the backbone of the Indian economy. The sector employs more than 50% of India’s total workforce and contributes almost 17–18% of the country’s GDP. The company allows farmer cooperatives to function as a corporate entities under the Ministry of Corporations Act.  Basic Compliances of a Producer Company S. No.   Section & Rules Particular of Compliance 1.  Receipt of MBP-1 184(1)  FormMBP- 1 Every Director of the Company in the First Meeting of the Board of Directors in each Financial Year shall disclose his interest in other entities. Every Director is required to

Annual Compliances of One Person Company (OPC) One Person Company (OPC) as the name suggests the answer itself- It is a company commence with only one member. OPC Registration is ideal for a business person who is willing to start a venture alone. Before stepping into the world of companies it is important for you to have a little overview of what an OPC Company is. Basic Compliances of One Person Company (OPC) SECTION & RULES FORMS PARTICULARS 164(2), 143(3)(g) DIR-8 Disclosure of non-disqualification in each financial year by every director. 184(1) MBP-1 By every Director at each financial year for disclosure of director

Compliances of Section 8 Company A company is referred to as Section 8 Company when it is registered as a Non-Profit Organization (NPO) i.e. when it has the motive of promoting arts, commerce, education, charity, protection of the environment, sports, science, research, social welfare, religion and intends to use its profits (if any) or other income for promoting these objectives. Basic Compliances of Section 8 Company SECTION & RULES FORMS PARTICULARS 164(2), 143(3)(g) DIR-8 Disclosure of non-disqualification in each financial year by every director. 184(1) MBP-1 By every Director at each financial year for disclosure of director interest in other entity in

A lot of us want to have our businesses and become entrepreneurs. With start-ups being the current trend and many of you begin your entrepreneurial journey, it becomes necessary to follow some procedures and rules. One such important aspect is filing your documents and maintaining records with the Ministry of Corporate Affairs is called ROC filing for private limited companies or compliance for private limited companies. For Newly Private limited Company we need to comply with all routine compliances from time to time under the Companies Act, 2013 such as. ROC Compliances ADT-1 -Auditor Appointment within 30 days from the date of

BASIC COMPLIANCE OF NIDHI COMPANY S.No Activities /Compliance Parameter Remarks 1 Open a current account with any scheduled bank in the name of the Company Immediately 2 File Form 20A accordingly before commencing its business operations. Within 180 days of incorporation 3 Within a period of one year from commencement of the rule , ensure that it has-(a) not less than two hundred members;(b) Net Owned Funds of Rupees Ten Lakh (Rs. 10,00,000) or more;(c) Unencumbered (i.e. free from any kind of charges) term deposits of not less than ten per cent. of the outstanding deposits, and(d) Ratio of Net