compliance means


What is a Startup?

Every single moment, a new startup is set up by Young entrepreneurs and this probably has been one of the major surge in India after Narendra Modi, the Prime Minister of India, launched the startup program. Startup Registration in India is now at a boom and has been one of the fastest-growing forms of organization. 


A startup can be defined as a newly set up established business, usually small, started by a few groups of individuals and for the very same reason, a startup business registration is important. A startup is an innovative Creation of an individual or a group of individuals who aims to provide a new product or service that is not being given elsewhere by any other firm. This kind of firm can either create a new product or services or could help in the redevelopment of the old and existing service or product.


Startup Annual Package (For Private Limited Company)

When a Startup is registered as a private limited Company, then it has to follow the compliances which have been laid down by the regulatory bodies. It can include the compliances which are related to either Income Tax, TDS, Registrar of ComPANies (ROC), GST, and other laws that are similar in nature. In this Startup Annual Package, we have listed the minimum of the compliance which is necessary for a private limited Company. These are required even if the Company has no transaction or minimal transaction during the relevant period. This package is listed as follows:



Auditor Appointment (e form ADT-1)

Business Commencement certificate (form INC-20A)

At least 4 Board Meeting Minutes in a year

MSME Return-1 filling (2 No.’s)

ACTIVE form (Company KYC)

DPT-3 Filling (Annually)

KYC of directors (up to 3 Directors max)

BEN-1, BEN-2 Forms

Director’s Report

Annual Filing of ROC forms (AOC-4, MGT-7)



Preparing a Balance sheet

Income Tax Return of the Company

 Calculations of the Advance tax



Accounting which is in Tally Accounting Software- It is based on Invoices/bills submitted on a regular basis


PAYROLL SERVICES (Up to 10 Employees)

CTC Structuring & Tax Calculations


Employee Reimbursements


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FAQ - Frequently asked questions

What will happen if the company has exceeded in appointing the prescribed number of Directors?

A private limited company can have a minimum of 2 directors and a maximum of 15. If there are more than 15 Directors appointed, the company has to file MGT-14 form and provide the SRN.

What are the documents to be filed with the RoC every year?

Balance sheet and Annual Returns have to be filed once a year. In addition, companies have to file Form 3 if there is Return of Allotment, Form No INC-22. If there is a change in the Registered Office; Form No DIR-12 for Change of Directors; etc.

Where and when should the Annual General Meeting be conducted?

The AGM has to be conducted at the registered office of the company or at any other place within the city, town or village wherever the registered office is situated. The Meeting should happen during the business hours (9 am-6 pm) on any day that is not a national holiday declared by the Central Government

Can alternate directors be appointed to represent the three directors of a company?

Yes, the Board of Directors can appoint a person for alternate directors. But he/she must not have been holding a similar post in any other company.

What are the consequences if a company has failed to file the Financial Statements?

Pursuant to Section 134 of the Companies Act, 2013 and Rules made thereunder, the company shall be punishable with a fine between Rs. 50,000 and Rs. 25,00,000/- and every officer of the company who is in default shall be punishable with imprisonment for a term which may extend to 3 years or with fine of minimum Rs. 50,000 and a maximum of Rs. 5,00,000/- or with both

Can Board meetings be conducted abroad?

According to the Companies Act, Board Meetings can be conducted even outside of India. If required, Directors can participate through video conferencing or other audiovisual elements, provided there is a prior notification. The minutes of proceedings shall be duly recorded. However, there are certain matters restricted by the Act to be convened through a Video Conference Meeting.