5 Mandatory Compliances For Private Limited Company
Introduction Incorporation of the private limited company brings along some of the important and mandatory compliances that need to be carried out at a particular interval of time. These compliances are mandatory and hence any delay in doing so may attract late fees and in serious circumstances heavy penalties also. So let us discuss what these compliances are. 1) Director KYC: Every director appointed in a company and having a valid DIN (Director Identification Number) will have to file Form DIR-3 KYC for the first time immediately after incorporation of the company. This KYC needs to be done once a year. While filing Form DIR-3 KYC for the first time you shall attach the director’s identity proof and address proof duly attested by a practicing professional. You will also be required to have the director’s mobile number and email id so that the contact details of directors can be verified through OTP (one-time password). All the subsequent KYC of the director can b...