Compliance to be followed by company in India in 2018

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Compliance to be followed by company in India in 2018 

If you have incorporated a private limited company, you must read this as we speak about the mandatory compliance to be followed by you in te year 2018, You may be a startup or an existing business in India understanding all the compliance gets difficult alone, Experts such as chartered accountants advise is important in order to ensure that you are following the compliance and you avoid the penalties in future.

Below are the compliances for a private limited company:

1.       Maintenance of accounts: Every private limited company is required to maintain its accounting records            at the registered address of the company.

2.       Preparation of Balance sheet and it’s Audit:

Company has to prepare its balance sheet and profit and loss account which is then audited by an Auditor. Every company must appoint auditor within one month of its incorporation. Main objective of statutory audit is that auditor will inspect the accounts of the company and provide his opinion on fair and accuracy of the financial statement of the company. Caonweb helps companies with statutory audit through registered auditors.

3.       Annual return filing (ROC Filing)

Annual return filing is mandated by company laws. First points says about the audit being conducted by auditor to express his opinion on true and fair view of the accounts of the company. Under annual filing details of accounts, directors and shareholders is submitted to the registrar of companies.

Tax audit is required in specific cases only id turnover exceeds the prescribed limit. Caonweb gives free advisory on compliance requirements.

4.       Tax audit

5.       Other compliance which is based on the events of company Like:

–          Loan to the directors

–          Appointment or change in auditor of the company

–          Change in paid up capital of the company

–          Change in registered address of the company

It is always a safe and right option to take guidance of experts in compliance matters. At caonweb we make it absolutely easy and safe for you. We connect clients directly to our professionals such as chartered accountants and company secretaries. Please ask questions on our discussion forum or online chat option or reach out to us through call for any business advisory or services.

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With an experience of registering more than 500 companies and being counted as one of the top consultants recognised by India Excellence Award 2017, CA ON WEB PVT. LTD. is one of the most trusted legal consulting companies in India. We are most trusted company for Cross-border business.With some best industry experts working for us, we are trusted by well-known companies like Alibaba, Club Factory, Krazybee in China and recently Partnered with PayTM in India.
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