10 things to do after company registration
Official address
Register official company address. You can register the official address at the time of incorporation of the company. Else a company must have to register office address within 30 days from the date of incorporation.
Bank Account & share Subcription Money.
Opening a current Bank account is essential after company incorporation. Share application money to be deposited by first subscriber to the Memorandum and Article of Association.
Commencement of Business
Company has to file a declaration of commencement of business with registrar of companies in Form INC-20, within 180 days from incorporation, after depositing share application money by the first subscriber to the Memorandum and Article of Association in Current Account of the company.
Issue of Share Certitificate
Issue of share certificate to the shareholders within sixty days of the company’s incorporation is required. Share Certificate serves as evidence of ownership of shares on the company by the Shareholders. Issuance of certificate in Demat or Non-demat form depends upon the requirement as laid down in various guidelines as per Companies Act and Rules made from time to time.
GST Registration
After the company Registration, you must check the criteria for GST Registration, If you fall under the purview of the GST regime, make sure to get the registration done as per the regulations framed under GST Act and Rules.
Appointment of statutory auditor.
After incorporation of a company, it requires the Board of Directors of the company to appoint the first auditor of the company within one month of incorporation by holding a board meeting. Filing of appointment of this auditor in Form ADT-1 is also mandatory within 30 days from Meeting.
Disclosure interest of Directors
As per section 184(1) of the companies Act 2013, the directors should disclose their interest in other corporate bodies and business in the first Board Meeting held within 30 days of incorporation.
Business License
Depending upon your business, there may be host of business licenses and regulations that you must follow after your company incorporation.
Accounts and Book Keeping
The company has to maintain proper accounting records and books of accounts as required by law from the date of incorporation. The accounts of the company must be prepared in the format as may be prescribed in Schedule III of the companies ACT 2013.
Annual return
Annual General Meeting should be held within 6 months from the end of that Financial Year. E-Filing of Annual return and Financial Statements is mandatory within thirty and sixty days respectively after the Annual general Meeting.
Disclaimer: The page is intended solely for your general guidance, and are not intended to constitute legal, tax, accounting or other professional advice of any kind. we assumes no responsibility or liability for any errors or omissions in the content of this site. This is not the exhaustive list of requirements and compliances which a company may need from time to time. Professional Advice in this regard is recommended. A key benefit of seeking professional advice is that it is personalized to your unique circumstances. Professionals take the time to understand your specific needs, challenges, and goals. This enables them to craft customized solutions that address your individual situation effectively.