Post Incorporation Compliances for Private Limited Company, LLP & OPC
Complete Checklist Under Companies Act 2013 — INC-20A, First Board Meeting, Auditor Appointment & More
After your company is registered, several mandatory compliances must be completed within strict deadlines under the Companies Act 2013. Missing these can result in penalties, DIN deactivation or inability to commence business.
📋 Quick Summary
Applicable toAll Registered Companies
Governed byCompanies Act, 2013
INC-20A DeadlineWithin 180 days
First Board MeetingWithin 30 days
Auditor AppointmentWithin 30 days
LLP AgreementWithin 30 days
Penalty (INC-20A)₹50,000 + ₹1,000/day
What Are Post Incorporation Compliances?
Post incorporation compliances refer to the mandatory legal, secretarial and regulatory obligations that a company must complete after receiving its Certificate of Incorporation from the Ministry of Corporate Affairs (MCA). These are not one-time tasks but a combination of immediate filings (within 30–180 days) and ongoing obligations.
The Companies Act, 2013 and related rules prescribe specific timelines for each compliance. Failure to comply can result in heavy penalties on the company and its directors, DIN deactivation, and in some cases, the company being struck off the register.
TAXAJ handles all post-incorporation compliances for newly registered companies across India — with a dedicated CA assigned to your company from day one.
Immediate Post Incorporation Compliances
These must be completed within 30–180 days of your Certificate of Incorporation date.
01
File INC-20A — Declaration of Commencement of Business
⚠️ Deadline: Within 180 days of incorporation
Every company having share capital must file Form INC-20A with the Registrar of Companies. This is a declaration by the directors that every subscriber to the Memorandum of Association has paid the value of shares agreed to be taken by them. Without this filing, the company cannot commence business or exercise borrowing powers.
Penalty for non-compliance: Company — ₹50,000. Officer in default — ₹1,000 per day up to ₹1,00,000.
Learn more about INC-20A filing →02
Hold First Board of Directors Meeting
⚠️ Deadline: Within 30 days of incorporation
Under Section 173 of the Companies Act, 2013, the first Board Meeting must be held within 30 days from the date of incorporation. The agenda typically covers: appointment of the company's first auditor, opening of a bank account, approval of common seal, appointment of key managerial personnel, and discussion on statutory registers.
Penalty for not holding Board Meeting: Every officer in default is liable to a penalty of ₹25,000.
03
Appoint the First Statutory Auditor
⚠️ Deadline: Within 30 days of incorporation (Board) or 90 days (Members)
Under Section 139(6) of the Companies Act, 2013, the first auditor of a company must be appointed by the Board of Directors within 30 days from the date of registration. If the Board fails to appoint, the members must appoint the auditor within 90 days at an extraordinary general meeting. The first auditor holds office until the conclusion of the first Annual General Meeting.
Penalty for non-appointment: Company — minimum ₹25,000. Officer in default — minimum ₹10,000.
04
Open a Current Bank Account
⚠️ Required before INC-20A filing
A current bank account in the company's name must be opened with a scheduled commercial bank. Subscribers must deposit the share subscription money into this account. The bank statement showing this deposit is required as proof for filing INC-20A. TAXAJ assists with documentation and bank liaison for account opening.
05
Issue Share Certificates to Subscribers
⚠️ Deadline: Within 60 days of incorporation
Under Section 56 of the Companies Act, 2013, share certificates must be issued to all subscribers within 60 days from the date of incorporation. Share certificates must bear the company seal, be signed by authorised directors, and comply with prescribed format under Companies (Share Capital and Debentures) Rules, 2014.
Penalty: Company and every officer in default — ₹25,000 to ₹5,00,000.
06
File Disclosure of Director's Interest — MBP-1
⚠️ At first Board Meeting and annually every financial year
Every director must disclose their interest in other entities by filing Form MBP-1 at the first Board Meeting and thereafter at the first Board Meeting of every financial year, or whenever there is a change in their interests. This is mandatory under Section 184 of the Companies Act, 2013.
Penalty for non-disclosure: Up to ₹1,00,000.
07
File DIR-8 — Director's Declaration of Non-Disqualification
⚠️ At the first Board Meeting
Every director must file Form DIR-8 to declare that they are not disqualified to act as a director under Section 164 of the Companies Act, 2013. This must be done at the first Board Meeting and subsequently at each Board Meeting in the first year of incorporation.
Statutory Registers to be Maintained
Every company must maintain the following statutory registers from the date of incorporation. Failure to maintain these is a punishable offence under the Companies Act.
MGT-1
Register of Members
Names, addresses, shares held by all members. Must be updated on every allotment or transfer.
MGT-2
Register of Debenture Holders
If the company has issued debentures, this register must be maintained.
MBP-1
Register of Contracts
Details of contracts in which directors are interested must be recorded.
DIR-12
Register of Directors & KMP
Details of all directors and Key Managerial Personnel including DIN, PAN, address.
SH-6
Register of Shares / Securities Transferred
Record of all share transfers with transferor and transferee details.
CHG-7
Register of Charges
All charges created by the company on its assets must be recorded here.
Tax & Regulatory Registrations After Incorporation
Beyond MCA compliances, newly incorporated companies must obtain the following tax and regulatory registrations.
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GST Registration
Mandatory if turnover exceeds ₹40L (goods) or ₹20L (services). Many companies register voluntarily to claim input tax credit from day one.
Get GST Registration →📋
PAN & TAN of Company
Company PAN and TAN are typically allotted during incorporation. If not received, these must be applied for immediately as they are required for all tax filings.
Apply for TAN →💼
EPF & ESIC Registration
Mandatory if you have 20 or more employees (EPF) or 10 or more employees (ESIC). Best practice is to register early to avoid penalties when employee count grows.
Register for EPF/ESIC →🏭
MSME / Udyam Registration
Non-mandatory but highly recommended. Gives access to government schemes, subsidised loans, priority sector lending and protection against delayed payments.
Register for MSME →🚀
Startup India (DPIIT) Recognition
Eligible startups should apply for DPIIT recognition to access tax exemptions under Section 80-IAC, easier public procurement, fast-track patent processing and access to funding.
Get Startup Recognition →💰
Professional Tax Registration
Applicable in states like Maharashtra, Karnataka, West Bengal, Andhra Pradesh. Employer must register for Professional Tax and deduct it from employee salaries.
Professional Tax →Post Incorporation Compliances by Entity Type
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INC-20A — File within 180 days of incorporation
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First Board Meeting — Hold within 30 days
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Appoint Auditor — Board to appoint within 30 days (Form ADT-1)
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Issue Share Certificates — To all subscribers within 60 days
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File MBP-1 — Director's interest disclosure at first board meeting
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File DIR-8 — Non-disqualification declaration
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Open Bank Account — Deposit share subscription money
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Statutory Registers — Maintain MGT-1, MBP-1, DIR-12, SH-6 from day one
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GST Registration — If applicable or voluntary
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PAN & TAN — Confirm receipt; apply if not obtained
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MSME / Udyam — Recommended for all SMEs
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First Annual General Meeting — Within 9 months of first financial year end
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LLP Agreement (Form 3) — File within 30 days of incorporation — mandatory
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Supplementary LLP Agreement — If any changes to original agreement
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Open Bank Account — In the LLP's name with all designated partners' authority
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PAN & TAN — Apply for LLP PAN and TAN
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GST Registration — If applicable
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Maintain Books of Accounts — Mandatory from first day of operations
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Annual Return (Form 11) — File within 60 days of financial year end (by 30 May)
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Statement of Accounts (Form 8) — File within 30 days of 6 months of financial year end (by 30 Oct)
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Income Tax Return — ITR-5 annually
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INC-20A — File within 180 days of incorporation
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First Board Meeting — Within 30 days; at least one meeting per half year
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Appoint Auditor — Within 30 days (Board); Form ADT-1
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Issue Share Certificate — To the sole member within 60 days
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Nominee Consent — Obtain written consent of nominee (Form INC-3)
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File MBP-1 & DIR-8 — Disclosure and non-disqualification by sole director
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OPC Annual Return — MGT-7A (simpler form for OPC and small companies)
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Financial Statements — AOC-4 within 180 days of financial year end
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Conversion to Pvt Ltd — Mandatory if turnover exceeds ₹2 crore or paid-up capital exceeds ₹50 lakhs
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INC-20A — File within 180 days (Section 8 companies with share capital)
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First Board Meeting — Within 30 days of incorporation
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Section 12A Registration — Apply for income tax exemption under Section 12A
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Section 80G Registration — To give tax benefits to donors
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CSR-1 Filing — To receive CSR funds from corporates
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FCRA Registration — If the organisation intends to receive foreign contributions
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Annual Compliance — AOC-4, MGT-7, Income Tax Return (ITR-7)
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Board Meetings — Minimum 2 board meetings per year (relaxed for Section 8)
Penalties for Non-Compliance
The Companies Act, 2013 prescribes strict penalties for companies that fail to complete post-incorporation compliances on time.
| Compliance | Deadline | Penalty — Company | Penalty — Officer in Default |
|---|---|---|---|
| INC-20A (Commencement) | 180 days | ₹50,000 | ₹1,000/day up to ₹1,00,000 |
| First Board Meeting | 30 days | ₹25,000 | ₹5,000 per officer |
| Auditor Appointment | 30 days | Min ₹25,000 | Min ₹10,000 |
| Share Certificates | 60 days | ₹25,000–5,00,000 | ₹10,000–1,00,000 |
| LLP Agreement (Form 3) | 30 days | ₹100/day (no cap) | ₹100/day (no cap) |
| Statutory Registers | Ongoing | ₹1,000–10,000/day | ₹1,000–10,000/day |
| MBP-1 (Director Interest) | First Board Meeting | — | Up to ₹1,00,000 |
How TAXAJ Handles Your Post Incorporation Compliances
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Document Collection
We collect the Certificate of Incorporation, MOA, AOA, DIN and PAN of directors, and bank proof via WhatsApp or email.
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CA Assigned
A dedicated Chartered Accountant is assigned to your company to oversee all compliances and deadlines.
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Parallel Filing
INC-20A, MBP-1, DIR-8, auditor appointment and statutory registers are set up simultaneously to save time.
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Compliance Confirmed
You receive confirmation of every filing with acknowledgements, SRN numbers and board meeting minutes.
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Ongoing Reminders
TAXAJ sends WhatsApp and email reminders for all upcoming annual compliances so you never miss a deadline.
Frequently Asked Questions
INC-20A is the Declaration for Commencement of Business. Every company having share capital must file it within 180 days of incorporation. Without this, the company cannot commence business or borrow money. The penalty for non-filing is ₹50,000 for the company and ₹1,000 per day for each officer in default.
Yes. Private Limited Companies are governed by the Companies Act, 2013 and must comply with requirements such as INC-20A, ADT-1 (auditor), share certificates and board meetings. LLPs are governed by the LLP Act, 2008 and the most important immediate compliance is filing the LLP Agreement (Form 3) within 30 days. LLPs do not need to file INC-20A.
No. A company with share capital cannot commence business operations or exercise borrowing powers until INC-20A is filed and the Registrar is satisfied. Any business activity before filing INC-20A makes every officer of the company jointly and severally liable.
If Form 3 (LLP Agreement) is not filed within 30 days, additional fees of ₹100 per day apply with no upper cap. A default LLP Agreement under Schedule I of the LLP Act then governs the LLP, which may not be aligned with the partners' actual arrangements.
GST registration is mandatory only when turnover exceeds ₹40 lakhs (goods) or ₹20 lakhs (services), or if you are engaged in inter-state supply. However, many businesses register voluntarily to claim input tax credit, enable B2B transactions, and project credibility to larger clients.
TAXAJ offers transparent all-inclusive pricing for post incorporation compliance packages. The cost depends on the entity type and the number of compliances required. WhatsApp us for a customised quote — typically INC-20A and full post-incorporation setup starts from ₹3,999 for a Private Limited Company.
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Complete Your Post Incorporation Compliances Today
Avoid penalties and get your company fully compliant from day one. TAXAJ assigns a dedicated CA to handle every filing, register and deadline for your newly incorporated company.
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