- INC 20A Filing
Every company having share capital is required to file eform INC-20A within 180 days from the date of incorporation. A company shall not commence its business or exercise any borrowing powers unless a declaration is
filed by the directors in INC form 20A with the Registrar of
Companies that every subscriber to the MOA has paid the
value of the shares agreed to be taken by him on the date
of making of such declaration and the contents of the said
form shall be verified by a Practicing professional.
- First Auditor Appointment
When a company is incorporated, it is required to appoint
its first auditor within 30 days from the date of
incorporation or registration of the company. The
Companies Act of 2013, is the governing legislation for the
appointment of first auditor of company in India. A
company must appoint its first auditor within thirty days of
incorporation, through a resolution passed by the Board of
Directors in its first board meeting. This auditor will hold
office until the conclusion of the first annual general
meeting (AGM) of the company.
- Share Certificate
A share certificate refers to a document which is issued by a
company evidencing that a person named in such certificate
is the owner of the shares of the Company as stated in the
share certificate. After the company’s incorporation, the
company is required to issue shares certificates within two
months from the date of incorporation. When additional
shares are allocated to new or existing shareholders, share
certificates must be issued within two months from the
date of allocation. In the case of a transfer of shares, share
certificates must be issued to the transferors within one
month of receipt of the transfer instrument of the
Company.
- Statutory Record & Register
Every company is legally required to maintain and update
statutory registers and records to keep a track on its actions
during the year. Statutory registers consist of specific books
containing records on directors, shareholders/members,
share transfers, loans, guarantees, deposits, shares, and any
other key data about your business. They can typically be
found in a loose-leaf binders or bound books but it can be
kept in any other form, such as electronic record-keeping
systems. The statutory records of the company must be
kept up to date and where if any changes take place within
the company, necessary adjustments must be made.
- Secretarial Retainership