Company and LLP are adhered to comply rules and regulations mentioned under Companies Act, 2013 and LLP Act, 2008 respectively.
Being registered as a Company or LLP is always turned out to be a hectic schedule while accompanying with several rules and regulations. FinAcc Hub is there to simplify it. Our qualified team advice our clients as per requirements and comply in time to avoid any penalty or corporate grievances.
- Company/LLP Incorporation
Incorporation Procedure of a company is governed as per Companies Act 2013
- Step for registration of a company:
- Obtain Digital Signature Certificate
- Application for DIN in the form DIR-3
- Company Name approval
- File form Spice or Form INC – 32
- Drafting MOA (INC 33) & AOA (INC 34)
- Payment of form fees and stamp duty
- ROC verifies the forms and attachments
- ROC issues the Certificate of Incorporation
- LLP – Limited Liability Partnership is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership, it is governed by LLP Act, 2008.
- Procedure for LLP Registration:
- Obtain Digital Signature Certificate
- Obtain Designated Partner Identification Number
- LLP–RUN form for reserving LLP Name
- LLP Incorporation – FiLLip
- LLP Agreement
- Company/LLP Annual Filing
Annual Filling for Companies:
- Form AOC 4 : Every Company is required to file its Financial Statements within 30 days of its Annual General Meeting with Registrar of Company in E-Form AOC-4. The same shall be digitally signed by one director and certified by CA/CS/Cost Accountant in Practice.
- Form MGT 7 : Section 92 of Companies Act, 2013 specifies that annual return of every company is required to be submitted in e-Form MGT-7. It must be filed within 60 days from the date of its annual general meeting.
- Form ADT 1 : Form ADT- 1 is used by a company to intimate the registrar of companies about the appointment of an auditor after the completion of its annual general meeting (AGM). Sec 139 (1) of the new Companies Act 2013 mandates this and this form has to be filed every year after the AGM in which the auditor was appointed.
Annual Filling for LLP:
- Form 11 : is an Annual return that is to be filled by all LLPs irrespective of turnover during the year. It is to be submitted within 60 days of closure of the financial year.
- Form 8 : contains Statement of Account and Solvency. It is to be filed with Registrar of Companies every year, within 30 days from the expiry of six months from the closer of the financial year.
- Maintenance of Minutes/Statutory Register
Minutes should include the following details:
- Date/ Time/ Place of the meeting called to order
- Agenda of the meeting
- Whether a quorum is present or not
- Names of every member of the meeting either present or absent
- Resolutions/ Motions passed or rejected
- Type of Voting and outcome of the vote
- Items to be held over or adjourned for some reason
- Next meeting date and time
- If Adjourned (Time of adjournment)
These minutes must be prepared within 15 days of such meeting and are to be finalized within 30 days.
During the year if any resolution passed for any specific event or changes in company’s information then minutes for such meetings are also prepared and maintained.
- Other ROC Compliances
- Updation of Records
- Allotment of Shares
- Change in Company Name
- Change in Directors
- Change in Registered Office
- Change in Authorized Share Capital
- Conversion / Winding Up
- Conversion of Private Limited to LLP
- Conversion of Partnership to LLP
- Winding up of LLP
- Winding up of Private Limited