Floated a company in India? Know your basic obligations

Basic Obligations

In India

Details of basic obligations of an Indian company

S.No. Particulars
1] Concurrent Requirements:
1.a Accounting and monitoring statutory dues compliances.
1.b Filing of Quarterly returns under Income Tax Act
1.c Filing of Quarterly returns for Service tax/VAT
1.d Payroll Management
2] Annual Requirements
2.a Statutory Audit of the Company
Tax Audit of the Company
Filing of Income Tax Return
2.b Filing of Annual return with ROC
2.c Maintenance of Secretarial Records
2.d Filing of forms/returns under Foreign Exchange Management Act
Towards initial capital contribution
Towards external commercial borrowings
Towards annual returns and foreign assets and liabilities
3] Other specific requirements
3.a Project finance - Term Loans / Working Capital funding.
3.b Financial Restructuring
3.c Business Valuation & Due diligence Reviews
3.d Business advisory services


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