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How to register your company in Delhi

compliances are rules, regulation, bye-laws or provisions that we have <br>to follow for register the company in India.<br>These Rules are introduced on 1st April 2014 by Government of India.<br>

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How to register your company in Delhi

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  1. COMPLIANCES OF PRIVATE COMPANY COMPANIES ACT 2013 1 Day Company Inc

  2. SECTION 88 REGISTER OF MEMBERS • Every company shall maintain a register of members in form MGT-1. • Maintenance of index is not necessary if number of members are less than 50. • Company shall file notice to registrar in form MGT-3 for situation of the office for keeping register of foreign members. • Form MGT-3 shall be file within 30 days of opening of register or change of situation of office • If company does not or fails to maintain register of members accordingly, company & every officer - Rs.50,000 to Rs.3,00,000, continuing failure - Rs.1000 per day 1 Day Company Inc

  3. SECTION 92 ANNUAL RETURN • Company shall prepare annual return in form MGT-7 • Extract of annual return to be attached with board's report in form MGT-9 • Annual return shall be certified by PCS in form MGT-8 (if paid up capital is Rs.10 crore or more & turnover is Rs.50 crore or more) • Company shall file a copy of annual return with the ROC within 60 days of AGM • Company fails to file annual return before the expiry period, company - Rs.50,000 to Rs.5,00,000 , officer in default - Rs.50,000 to Rs.5,00,000 or imprisonment of 6 month or with both, PCS who does not certify annual return accordingly - Rs.50,000 to Rs.5,00,000 1 Day Company Inc

  4. SECTION 96 ANNUAL GENERAL MEETING • AGM shall be called during business hours ( 9 a.m to 6 p.m) & on any day except national holiday at the registered office of the company. • AGM shall be held within 6 month of closing of financial year and 9 months of first AGM. • Due date of AGM can be extended for 3 months for any special cause. • If any default in holding a meeting of the company, company and every officer - fine may be extend to Rs.1,00,000 , continuing default - Rs.5000 per day 1 Day Company Inc

  5. SECTION 101 NOTICE OF MEETING • Notice of meeting shall be given to every member, auditor or director of the company. • It shall be given 21 clear days before the meeting. • Shorter notice can be also given with 95% consent of members. 1 Day Company Inc

  6. SECTION 118 MINUTES OF MEETING • Minutes of meeting shall contain fair & correct summary of proceedings of every meeting. • Minutes of board meeting shall be preserved permanently. • Minutes shall be recorded within 30 days of AGM. • Every page of minutes of meeting shall be signed by – • Board meeting's minutes - chairman of next succeeding meeting. • Minutes of AGM - chairman of same meeting. • Resolution by postal ballot - chairman of the board. • any default is made in complying with the provisions, company - Rs.25,000 & officer in default - Rs.5,000. If any person tampering with the minutes - Rs.25,000 to Rs.1,00,000 or imprisonment extend to 2 years 1 Day Company Inc

  7. SECTION 128 BOOKS OF ACCOUNT TO BE KEPT BY COMPANY • Company shall file a notice to registrar in writing giving the full address of that place. • Books of accounts shall be preserved for 8 years together with the vouchers. • Notice to registrar shall be given within 7 days. • Company shall produce financial information to the director on written request within 15 days. • Contravention of provisions, MD, WTD in charge of finance, CFO - Rs.50,000 to Rs.5,00,000 , imprisonment may extend to 1 year or both 1 Day Company Inc

  8. SECTION 129 FINANCIAL STATEMENTS • Statement containing financial statement of subsidiary in form AOC-1. • Contravention of provisions, MD, WTD in charge of finance, CFO (In absence of these officers, all the directors) - Rs.50,000 to Rs.5,00,000 , imprisonment may extend to 1 year or both 1 Day Company Inc

  9. SECTION 134 FINACIAL STATEMENTS, BOARD REPORTS • Financial statement shall contain auditor report, board report, consolidated financial statement (if any). • Board report shall contain:- Extract of the annual return, number of board meetings, details of fraud reported by auditors, directors’ Responsibility Statement, independent director's statement on company’s policy on directors’ appointment and remuneration, explanations or comments by the Board on every remark or disclaimer made by auditor, particulars of loan, particulars of contracts or arrangements with related parties, company’s state of affairs, proposes amount carry to any reserves, dividend amount, material changes during the financial year, the conservation of energy, technology absorption, foreign exchange earnings and outgo, statement of risk management policy, policy on corporate social responsibility, a statement of formal annual evaluation of Board performance • Contravention of this section, company - Rs.50,000 to Rs.25,00,000 , officer in default -Rs.50,000 to Rs.5,00,000 or imprisonment can be extend to 3 years or with both 1 Day Company Inc

  10. SECTION 137 COPY OF FINANCIAL STATEMENT TO BE FILED WITH THE REGISTRAR • Company shall file financial statement to the registrar in form AOC-4 within 30 days of AGM. • If company fails to file the copy of financial statement before the expiry period, company - Rs.1,000 for every day to Rs.3,00,000 (failure continue) , MD,CFO or authority director in absence of MD, CFO -Rs.1,00,000 to Rs.5,00,000 or imprisonment may extend to 6 months or both 1 Day Company Inc

  11. SECTION 139 APPOINTMENT OF AUDITORS • Auditor shall be appointed for 5 years within 1 month of incorporation and ADT-1 shall be filed. • Ratification shall be through ordinary resolution in every year. • Appointed auditor shall submit a certificate of his eligibility. • Contravention of provision, company - Rs.25,000 to Rs.5,00,000 , officer in default - Rs.10,000 to Rs.1,00,000 or imprisonment may extend to one year or both. AUDITOR - Rs.25,000 to Rs.5,00,000 , AUDITOR knowingly deceive - Rs.1,00,000 to Rs.25,00,000 or imprisonment may extend to one year or with both. Auditor shall refund remuneration & pay for damages to the company 1 Day Company Inc

  12. SECTION 152 APPOINTMENT OF DIRECTORS • Proposed director shall give his consent in form DIR-2. • Company shall file such consent in form DIR-12 within 30 days of appointment. • contravention of provision, director - fine may extend to Rs.50,000 or imprisonment may extend to 6 months, continuing contravention - fine may extend to Rs.500 per day 1 Day Company Inc

  13. SECTION 173 BOARD MEETINGS • Board meeting shall be called with the notice of not less than 7 days to every director. • Shorter notice can be given if at least one independent director shall be present. • Board meeting shall be held within 30 days of incorporation. • Board meeting will be conducted 4 times in every year. • Officer fails to do give notice of board meeting accordingly - Rs.25,000 1 Day Company Inc

  14. SUMMARY • Every company shall maintain a register of members accordingly. • Company shall file a copy of annual return with the ROC within 60 days of AGM. • AGM shall be conducted once in every year. • Notice of meeting shall be given 21 clear days before the AGM. • Company shall record minutes of every meeting. • Books of accounts shall be preserved for 8 years together with the vouchers at registered place. • Financial statement & board report shall be made by company accordingly. • Company shall file financial statement to the registrar within 30 days of AGM. • Auditor shall be appointed within 1 month of incorporation. • Director shall be appointed in the company. • Board meeting will be conducted 4 times in every year with the notice of not less than 7 days to every director. 1 Day Company Inc

  15. THANKYOU 1 Day Company Inc

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