The majority of small businesses do not fulfil compliance requirements in their opening years. The reasons may be lack of time, high professional charges and uncertainty over several aspects. Legitimate excuses, but they won't be accepted by the Ministry of Corporate Affairs (MCA) if it decides to do something about it. Non-compliance could lead to penalties of up to Rs. 1 lakh and blacklisting of the company.
Many businesses let their compliance requirements pile up, even though taking care of it involves much less effort than is often imagined. Staying disciplined from the initial days will be hugely helpful when looking for investment or a bank loan, as both would want to ensure that your business is in compliance with the MCA's requirements.
Having a company secretary on call throughout the year is essential in ensuring that your business is run in accordance with the laws in force. Our team would keep you up-to-date with all the changes made by the MCA throughout the year.
Once you sign up with us, we will take care of the entire range of annual compliances. This will include the following: