Stay Compliant with the Ministry of Corporate Affairs (MCA) Regulations
Corporate and Secretarial Compliance is critical for ensuring that businesses operate smoothly while adhering to all the laws and regulations set by governing authorities. In India, the Ministry of Corporate Affairs (MCA) governs various aspects of corporate law, including the formation, regulation, and dissolution of companies.
At Four Plus Legal Compliance, we help businesses of all sizes remain compliant with MCA regulations, ensuring that all corporate legal obligations are met in a timely and accurate manner. Our team provides end-to-end services for compliance with the Companies Act, 2013 and other applicable laws to ensure that your company stays on the right side of the law.
Why Corporate Compliance under MCA is Important
- Legal and Financial Transparency: Compliance with MCA ensures that companies are transparent in their operations, fostering trust with investors, stakeholders, and regulatory bodies.
- Avoiding Penalties: Failing to comply with MCA regulations can lead to penalties, fines, and even suspension of operations.
- Enhancing Corporate Governance: MCA compliance promotes better corporate governance practices, making your company more attractive to investors and business partners.
- Smooth Business Operations: By ensuring all filings are done on time, corporate compliance allows your business to run smoothly without legal disruptions.
Corporate Compliance List Under MCA
Here is a detailed table of compliance requirements under the Ministry of Corporate Affairs (MCA) that businesses must adhere to:
| Compliance Area | Requirement | Form/Document | Due Date | Penalties for Non-Compliance |
|---|---|---|---|---|
| Company Incorporation | Registration of the company under the Companies Act, 2013 | Form INC-1 (Application for Name Approval) | Prior to incorporation | Cancellation of registration |
| Board Meetings | Holding mandatory Board meetings at regular intervals and maintaining records | Minutes of the Board Meeting | At least once every quarter | Penalty for failure to hold meetings |
| Annual General Meeting (AGM) | Holding an AGM every year as per the Companies Act | Form MGT-15 (AGM Filing) | Within 6 months of end of financial year | Penalty for non-compliance |
| Annual Return | Filing of Annual Return within 60 days of AGM | Form MGT-7 (Annual Return) | Within 60 days of AGM | Penalty up to ₹1,00,000 |
| Financial Statements | Filing financial statements and report of Board of Directors | Form AOC-4 (Financial Statements) | Within 30 days from AGM | Penalty for delay |
| KYC Compliance for Directors | Filing DIR-3 KYC for directors to ensure updated KYC details | Form DIR-3 KYC | Annually | Penalty if not filed |
| Change in Registered Office | Filing for change in the registered office location | Form INC-22 | Prior to change of office | Penalty for delay |
| Appointment of Auditors | Appointment of auditors in AGM and filing relevant documentation | Form ADT-1 (Auditor Appointment) | Within 15 days from AGM | Penalty for non-appointment |
| Director Appointment | Filing of Form DIR-12 for appointment, reappointment, or resignation of directors | Form DIR-12 | Within 30 days of appointment/resignation | Penalty for non-filing |
| Filing of Charge Creation | Registering charges created on company assets | Form CHG-1/CHG-9 (Charge Registration) | Within 30 days of charge creation | Penalty for delay |
| Declaration of Dividend | Declaration and payment of dividends in compliance with the Companies Act | Form MGT-3 (Dividend Declaration) | Before declaring dividends | Penalty for non-declaration |
| Changes in Share Capital | Filing for alteration in share capital or increasing/decreasing share capital | Form SH-7 | Prior to capital changes | Penalty for non-filing |
| Registrar of Charges | Maintaining charges register and filing with the Registrar of Companies | Form CHG-4 (Charge Satisfaction) | Within 30 days of charge satisfaction | Penalty for delay |
| Filing of Return of Deposits | Filing Form DPT-3 for declaration of deposits and repayments | Form DPT-3 | Within 30 days of financial year end | Penalty for non-filing |
| Corporate Social Responsibility (CSR) | Compliance with CSR rules for eligible companies | Form CSR-1 | Annually | Penalty for non-compliance |
| Filing for LLP to Company Conversion | Filing necessary documents for conversion of LLP to Private Limited Company | Form URC-1 (Conversion Documents) | As per the conversion timeline | Penalty for delay in filing |
How We Can Help
Four Plus Legal Compliance offers a range of MCA compliance services to ensure your company meets all regulatory requirements on time. Our team of experts handles:
- Filing of all necessary forms under MCA
- Preparation of financial statements and annual returns
- Governance and board meeting documentation
- Advisory on MCA compliance
By ensuring compliance with all MCA regulations, we help you avoid penalties and legal issues, ensuring that your business runs smoothly.
Contact Us
For professional MCA compliance services, reach out to Four Plus Legal Compliance today!