Once your Private Limited Company is incorporated in Jaipur, several post-registration compliances must be completed as per the Companies Act, 2013. These steps ensure your business remains legally compliant, transparent, and professionally managed.
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Opening a Company Bank Account
Open a current account in your company’s name at any recognized bank in Jaipur or Rajasthan. This account is required for all business transactions, including deposits of share capital, vendor payments, and operational expenses.
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First Board Meeting Within 30 Days
Hold your company’s first board meeting within 30 days of incorporation. Key activities include:
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- Appointment of the first auditor
- Approval of statutory registers
- Issuance of share certificates
File Form ADT-1 with the RoC Jaipur to confirm the auditor’s appointment.
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Appointment of the First Auditor
As per Section 139 of the Companies Act, 2013, the first auditor must be appointed within 30 days of incorporation.
The auditor ensures the accuracy of financial records and compliance with statutory requirements.
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Issuance of Share Certificates
Issue share certificates to all shareholders within 60 days of incorporation. These can only be issued after the company receives the full share capital in its current bank account.
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Filing for Commencement of Business (Form INC-20A)
File Form INC-20A with RoC Jaipur within 180 days of incorporation. This declaration confirms that the company has received its share capital and is ready to begin operations.
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Annual Compliance to Keep in Mind
Every Private Limited Company in Jaipur must meet annual compliance obligations under the Companies Act, 2013. Some major Private Limited Company compliance includes:
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- File Annual Return (Form MGT-7): The Form MGT-7 includes details of directors, shareholders, and any company changes during the year.
- File Financial Statements (Form AOC-4): Using Form AOC-4, you can submit your balance sheet, profit and loss account, and other financial documents for transparency.
- File Income Tax Return (ITR): Every Private Limited Company, even if it has no income or operations, must file the Income Tax Return with the Income Tax Department. Timely ITR filing helps maintain financial accuracy and avoids penalties.
- Hold Regular Board Meetings: Conduct at least two board meetings every year to ensure good governance.
- Maintain Statutory Registers: Keep updated records like the Register of Members, Directors, and Charges at the registered office in Jaipur.
Consistent compliance strengthens credibility, builds investor confidence, prevents legal penalties, and ensures smooth long-term operations for your Jaipur-based business.