Compliance Calendar for Small Companies

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  • By Taxmann
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  • Last Updated on 10 May, 2022

compliance calendar; small companies

1. Introduction

The term ‘small company” is defined in section 2(85) of the Companies Act, 2013. Small Company is a company other than a public company that satisfies both the following paid-up capital limit and turnover limit as under:

    • Paid-up share capital limit of Rs.50 lakhs and
    • Turnover limit of Rs.2 crores

Section 446B prescribes lesser penalties for a small company on their failure to comply with the provisions of the Companies Act, 2013 which attracts monetary penalties. Penalty on Small companies is half of the penalties specified in such provisions subject to a maximum of Rs. 2 lakh in case of a company and Rs. 1 lakh in case of an officer who is in default.

Under the Companies Act, 2013 there are various compliances to be done on a time to time basis. For a better understanding of the same we have categorized the various Compliances on the following basis:

(a) Event-based compliances: Compliance to be done on the occurrence or happening of a certain event, like Filing of E- form INC-22 on shifting of Registered Office of the Company.

(b) Time-based compliance: Compliances to be done on an annually, half-yearly, quarterly basis, like Filing of E- form AOC-4 and MGT-7.

2. Compliance Calendar for a Small Company

Applicable law Triggering Provision Detailed Provision Statutory Timeline Due Date Required Form Reporting Authority
Companies Act, 2013 Section 10A

 

Declaration of commencement of business Within 180 Days from the incorporation date. Within 180 Days from the incorporation date INC- 20A ROC
  Section 89(6)

 

 

 

Intimation of Declaration made in respect of a beneficial interest in any share  Within 30 days from the receipt of declaration by the company Within 30 days from the receipt of declaration by the company MGT-6 ROC
  Section 90(4) Return of significant beneficial owners Within 30 days from the receipt of declaration by the company Within 30 days from the receipt of declaration by the company BEN- 2 ROC
  Rule 12A of Companies (Appointment and Qualification of Directors) Rules 2014 Directors’ KYC by every Individual  who holds a DIN  Within 6 months from end of the financial year 30th September DIR – 3 KYC ROC
  Section 139 Intimation regarding appointment of Statutory Auditor. Within 15 days of appointment of an auditor Within 15 days of appointment of an auditor  ADT – 1 ROC
  Section 139(6) Notice to the Registrar for appointment of First Statutory Auditor Appoint within 30 days from the incorporation date Within 30 days from the incorporation date ADT – 1 ROC
 

 

 

 

Section 140 Intimation regarding resignation of Statutory Auditor Within 30 days from the date of the resignation. Within 30 days from the date of the resignation. ADT – 3 ROC
  Section 117

 

Filing of Resolution and agreements as specified in Section 117 (3) Within 30 days of the passing of resolution/entering into agreement Within 30 days of the passing of resolution/entering into agreement  MGT – 14 ROC
  Section 12 Intimation of Change in the Registered Office Within 30 days of the change of the address Within 30 days of the change of the address INC-22 ROC
  Order dated 22 January, 2019 issue

under Section 405

 

Return in respect of outstanding payments to Micro or Small Enterprise Within 1 month from the conclusion of each half year. 31st October (For April-Sep)

30th April (For Oct-Mar)

E-Form MSME-1 ROC
  Rule 5 (8) of IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 Statement of unclaimed and unpaid amounts as specified in section 125. Within a period of 60 days after the holding of AGM Within a period of 60 days after the holding of AGM IEPF -2 ROC
  Rule 16 of Companies (Acceptance of Deposits) Rules, 2014

 

Return of deposit or particulars of transaction not considered as deposit or both On or before 30th  June  of every year 30th June DPT-3 ROC
  Section 137  Filing of annual accounts 30 days from the date of AGM. Within 30 days from the date of AGM Form AOC-4 ROC
  Section 92 Filing of annual return To be filed within 60 days from the conclusion of AGM. Within 60 days from the date of AGM E – Form MGT – 7A ROC
 

 

 

Section 184

 

 

Disclosure of Interest by Director

 

In the First Board Meeting of the Financial Year AND whenever there is a change in the disclosures already made. 1st Board Meeting of the F.Y.
AND
Whenever there is change the disclosures already made
MBP-1 NA, as the Director concerned is required to disclose this to the Company.

 

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