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Section 8 Company Annual Filing and Other Compliances

Section 8 Company Annual Filing and Other Compliances

Section 8 Company Annual Filing refers to Annual Return of Section 8 Companies as per Companies Act 2013. Other related compliance for Section 8 Companies are statutory filing for TDS, GST, Income Tax and other filing as applicable as per the nature of Section 8 Company business.

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Section 8 Company Annual Filing and Other Compliances In order to ensure that your incorporated Section 8 Company runs effectively, there are certain compliances which need to fulfil as and when arises. For effectively, efficiently and economically running of company, statutory compliances need to fulfil timely, timely compliances ensure saving in unnecessary and unproductive expenditure in terms of penalty, late fees fine, interest etc. Compliances of public limited company are broadly categorised in three category; one is Annual Compliance, Monthly / Quarterly statutory Compliance and another is event based Compliance. Annual Compliance are such return and forms which need to file annually irrespective of the fact whether any business activity carried on during the year or not. Such Annual Compliances are required to be filed in the form of return which has predetermined dates to be met. All Annual Return filings are to be done on MCA Portal. Monthly / Quarterly Statutory Compliance are such returns and forms which need to file on monthly / quarterly basis if the Public limited company also has registered GST Number; TAN number for TDS return filings; PF and ESI registered entity to fulfil labour law compliances. Event based compliance are such return and forms which need to file as and when any event arises such as Change in Registered office Address, Resignation / removal of Partner, Addition / Admission of new Partner, any other event etc. Certain Annual Compliance required to be fulfilled by Section 8 Companies are:
Annual RoC Compliance
Form – AOC-4 Annual Return of Section 8 Company It cover Consolidated Financial Statement comprises of Profit & Loss and Balance Sheet Within 30 days of Annual General Meeting
Form – AOC-4 XBRL Annual Return of Section 8 in Xbrl form It cover consolidated financial statement in xbrl form mandatory for those companies having turnover exceeding INR 100 Crores or Paid up capital of INR 5 Crore or more. Within 30 days of Annual General Meeting
Form – MGT-7 Annual Return of Section 8 Company It cover annual return with details of Board Meetings held by Public Limited Companies Within 60 days of Annual General Meeting
Income Tax Compliance
ITR-5 Income Tax Return If Tax Audit of financial statement is not required, Companies eligible to claim exemption if they are registered under section 12A 31st July
ITR-5 Income Tax Return If Tax Audit of financial statement is required, Companies eligible to claim exemption if they are registered under Section 12A 30th September
Certain event based compliances required to be fulfil by Section 8 Companies are:
Form – INC-12 Grant of Licence Form INC-12 is required to be filed by Section 8 Companies for Grant of Licence
Form – INC-18 Application for Conversion Form INC-18 is required to be filed by Section  8 Companies to obtain approval of Regional Director for conversion of Section 8 company into company of any other kind
Form – INC-20 Revocation / Surrender of Licence Form INC-20 is required to be filed by Section 8 Companies for intimation to registrar for revocation / surrender of licence issued under Section 8
The dates provided herein are the statutory dates, these might be change, during last hour considering the status of Return filed, and respective department might increase the date for return filings. We advice our clients well before time for all applicable statutory return filings for Section 8 Company. With the ever changing Law and regulatory requirements, we keep on track and advise the same on timely manner in order to ensure proper compliance for Section 8 Company. We at ReturnFilings.Com will understand the purpose of your compliance for Section 8 Company in India and thereafter will provide you detailed analysis mentioning the law requirement and compliance need to fulfill in order to operate it economically and efficiently. We at ReturnFilings.Com will provide you details of regulatory filings in order to ensure proper smooth and timely compliance for Section 8 Company. We at ReturnFilings.Com are determinate to provide end to end solution; our motto is you concentrate on your business while we at ReturnFilings.Com will take care of all your compliance need.