No filing fee for companies with authorised capital upto Rs. 15 lakh during incorporation!
No Incorporation Fee For Startups With Capital Upto INR 15 Lakh
The Ministry of Corporate Affairs (MCA) has exempted incorporation fee for the startups that have incorporated nominal capital of less than or equal to INR 15 Lakh.
Earlier only companies with an initial authorised capital of up to INR 10 Lakh were exempted from any MCA fee on incorporation and only stamp duty was applicable.
Mandatory Compliances for Company
The Company, from the instance of its registration, is bound by certain following compliances:
- First Board Meeting
- Subsequent Board Meetings
- Filing of Disclosure of interest by Directors
- First Auditor
- Subsequent Auditor
- Annual General Meeting
- Filing of Annual Return (Form MGT-7)
- Filing of Financial Statements (Form AOC-4)
- Statutory Audit of Accounts
Event-Based Compliances
Event-based compliances are those which get triggered upon happening of certain events.
| Events | Form No. |
| Change in registered office | INC-22 |
| Change in Directors or KMP | DIR-12 |
| Increase in Authorized Share capital | SH-7 |
| Filing of resolution and agreements | MGT-14 |
| Increase in Paid up share capital (Issue of security) | PAS-3 |
| Application for registration of creation, modification (other than those related to debentures | CHG-1 |
| Application for KYC of Directors | DIR-3 KYC |
| ACTIVE (Active Company Tagging Identities and Verification) | INC-22A |
| Declaration of Commencement of Business | INC-20A |