This article contains various Compliance requirements under Statutory Laws. Compliance means "adhering to rules and regulations."
Compliances under:
1. Compliance Requirement Under Income Tax Act, 1961
2. Compliance Requirement Under Goods & Services Act, (GST) 2017
3. Compliance Under Other Statutory Laws
4.Compliance Requirement Under SEBI (Listing Obligations And Disclosure Requirements) (LODR) Regulations, 2015
5. Compliance Requirement For Companies Act, 2013
1. Compliance requirement under Income Tax act, 1961
|
Applicable Laws/Acts |
Due Dates |
Compliance Particulars |
Forms/ (Filing mode) |
|
Income Tax Act, 1961 |
07.04.2019 |
Due date for deposit of Tax deducted/collected for the month of March, 2019. (TDS & TCS) |
TDS & TCS |
|
Income Tax Act |
14.04.2019 |
Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of February, 2019 |
194-IA |
|
Income Tax Act |
14.04.2019 |
Due date for issue of TDS Certificate for tax deducted under Section 194-IB in the month of February, 2019 |
194-IB |
|
Income Tax Act, 1961 |
15.04.2019 |
Quarterly statement in respect of foreign remittances (to be furnished by authorized dealers) in Form No. 15CC for quarter ending March, 2019 |
Form 15CC |
|
Income Tax Act, 1961 |
15.04.2019 |
Due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of March, 2019 |
Form 3BB |
|
Income Tax Act, 1961 |
30.04.2019 |
Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of March, 2019 has been paid without the production of a challan |
Form 24G |
|
Income Tax Act, 1961 |
30.04.2019 |
Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IA in the month of March, 2019 |
Challan u/s 194-IA |
|
Income Tax Act, 1961 |
30.04.2019 |
Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IB in the month of March, 2019 |
Challan u/s 194-IB |
|
Income Tax Act, 1961 |
30.04.2019 |
Due date for deposit of Tax deducted by an assessee other than an office of the Government for the month of March, 2019. |
|
|
Income Tax Act, 1961 |
30.04.2019 |
Due date for e-filing of a declaration in Form No. 61 containing particulars of Form No. 60 received during the period October 1, 2018 to March 31, 2019. |
Form No. 61 containing particulars of Form No. 60 |
|
Income Tax Act, 1961 |
30.04.2019 |
Due date for uploading declarations received from recipients in Form. 15G/15H during the quarter ending March, 2019. |
Form. 15G/15H |
|
Income Tax Act, 1961 |
30.04.2019 |
Due date for deposit of TDS for the period January 2019 to March 2019 when Assessing Officer has permitted quarterly deposit of TDS under section 192, 194A, 194D or 194H. |
TDS under section 192, 194A, 194D or 194H |
2. Compliance Requirement under Goods & Services Act, (GST) 2017
|
Applicable Laws/Acts |
Due Dates |
Compliance Particulars |
Forms/ (Filing mode) |
|
GST, Act, 2017 |
10.04.2019 |
Form GSTR-7 for the month of March, 2019 (TDS Deductor) |
GSTR-7 |
|
GST, Act, 2017 |
10.04.2019 |
TCS Collector (for the month of March, 2019) |
GSTR - 8 |
|
GST, Act, 2017 |
11.04.2019 |
Return of outward supplies of taxable goods and/or services for the Month of February 2019 (for Assesses having turnover exceeding 1.5 Cr.) Monthly Return. |
GSTR - 1 |
|
GST, Act, 2017 |
13.04.2019 |
Due date for Furnishing return of March 2019 by Input Service Distributors (ISD) |
GSTR - 6 |
|
GST, Act, 2017 |
18.04.2019 |
Return filed by a Composition Dealer - Quarterly Return |
GSTR - 4 |
|
GST, Act, 2017 |
20.04.2019 |
Summary of outward taxable supplies and tax payable by Non-Resident taxable person & OIDAR respectively. (for the month of March, 2019) |
GSTR-5 & GSTR - 5A |
|
GST, Act, 2017 |
20.04.2019 |
Simple GSTR return for the month of March, 2019 |
GSTR - 3B |
|
GST, Act, 2017 |
30.04.2019 |
Return of outward supplies of taxable goods and/or services for the period January 2019 to March 2019 (for Assesses having turnover up to 1.5 Cr.) - Quarterly Return. |
GSTR - 1 |
Some Important update(s)
- New return filing system to be started on a trial basis from April 1, 2019, and will be implemented by July 1, 2019
- The late fee shall be completely waived in case GSTR-1, GSTR-3B & GSTR-4 for the time period of months/quarters July 2017 to September 2018, which are furnished after 22nd December 2018 but on or before 31st March 2019
- Due date extended for furnishing GSTR-3B and GSTR-1 for the time period of July 2017 to February 2019 and quarterly July 2017 to December 2018 respectively till 31st March 2019.
- The revised due date of GST ITC 04 form is 31st March 2019 for the time period i.e. July 2017 to December 2018
- Recipient must avail the ITC till due date through the invoice issued by suppliers in the period of FY 2017-18 to furnish GSTR 3B for the time period of March 2019 but with some condition.
3. Compliance under Other Statutory LAws
|
Applicable Laws/Acts |
Due Dates |
Compliance Particulars |
Forms / (Filing mode) |
|
EPF (The Employees’ Provident Funds And Miscellaneous Provisions Act, 1952) |
15.04.2019 |
PF Payment for March, 2019 |
ECR |
|
ESIC (Employees' State Insurance Act, 1948) |
15.04.2019 |
ESIC Payment for March, 2019 |
ESI Challan |
|
The Apprenticeship Act 1961 |
15.04.2019 |
Half Yearly Return March Ending |
APP-2 |
|
The Employment Exchange (CNV) Act 1959 & Rules |
30.04.2019 |
Quarterly Return For Quarter Ended 31st March |
ER-1 Rule 6 |
4. Compliance Requirement under SEBI (Listing Obligations and Disclosure Requirements) (LODR) Regulations, 2015
|
FILING MODE(s): � For BSE : BSE LISTING CENTRE |
Quarterly Compliances
|
Sl. No. |
Regulation No. |
Compliance Particular |
Compliance Period (Due Date) |
|
Regulation 13 (3) |
Statement of Investor complaints |
Within 21 days from the quarter end. (on or before 21 April, 2019) |
|
|
Regulation 27 (2) |
Corporate Governance Report |
Within 15 days from quarter end. (on or before 15 April, 2019) |
|
|
Regulation 31 |
Shareholding Pattern |
Within 21 days from quarter end (on or before 21 April, 2019) |
|
|
Regulation 32(1) |
Statement of deviation(s) or variation(s). ( *for public issue, rights issue, preferential issue etc.) |
Quarterly Basis |
|
|
Regulation 69 |
Indian Depository Receipt holding pattern & Shareholding details. |
within 15 days of end of the quarter (on or before 15 April, 2019) |
Half Yearly Compliances
|
Sl. No. |
Regulation No. |
Compliance Particular |
Compliance Period (Due Date) |
|
1 |
Regulation 7(3) |
Compliance Certificate certifying maintaining physical and electronic transfer facility |
Within one month of end of each half of the financial year (on or before 30 April, 2019) |
|
2 |
Regulation 40(9) |
Certificate from Practicing Company Secretary (PCS) |
Within one month of end of each half of the financial year (on or before 30 April, 2019) |
|
3 |
Regulation 40(10) |
Transfer or transmission or transposition of securities |
Within one month of end of each half of the financial year (on or before 30 April, 2019) |
Annual Compliances
|
Sl. No. |
Regulation No. |
Compliance Particular |
Compliance Period (Due Date) |
|
1 |
Regulation 14 |
Listing fees & other Charges |
Payment manner as specified by the Board of by Recognised Stock Exchange. |
|
2 |
Regulation 34* (shall be amended w.e.f. April 2019) |
Annual Report |
Within 21 working days from the AGM Date |
Event based Compliances
|
Sl. No. |
Regulation No. |
Compliance Particular |
Compliance Period (Due Date) |
|
1. |
Regulation 7 (5) |
Intimation of appointment / Change of Share Transfer Agent. |
Within 7 days of Agreement with RTA. |
|
2. |
Regulation 17(2) |
Meeting of Board of Directors |
The board of directors shall meet at least 4 times a year, with a maximum time gap of 120 days between any two meetings. |
|
3. |
Regulation 18(2) |
Meeting of the audit committee |
The audit committee shall meet at least 4 times in a year and not more than 120 days shall elapse between two meetings. |
|
4. |
Regulation 29 |
Notice for Board Meeting to consider the prescribed matters. |
The Company shall give an advance notice of: a) at least 5 days for Financial Result as per Regulation 29 1 (a) b) in case matters as stated in regulation 29 1 (b) to (f) - 2 Working days in advance (Excluding the date of the intimation and date of the meeting) to Stock Exchange. c) 11 working days in case matter related to alteration in i) Securities ;ii) date of interest or redemption of Debenture / bond as per regulation 29(3) (a) ,(b). |
|
5 |
Regulation 30 |
Outcome of Board Meeting (Schedule III Part A- (4) |
within 30 minutes of the closure of the meeting |
|
6. |
Regulation 31 |
Holding of specified securities and shareholding pattern |
Reg. 31(1)(a): 1 day prior to listing of its securities on the stock exchange(s); Reg. 31(1)(c): within 10 days of any capital restructuring of the listed entity resulting in a change exceeding 2 % of the total paid-up share capital. |
|
Regulation 46 |
Company Website:. Listed entity shall disseminate the information as stated in Regulation 46 (2) |
Shall update any change in the content of its website within 2 working days from the date of such change in content. |
SEBI (Depositories and Participants) Regulations 1996)
|
Sl. No. |
Regulation No. |
Compliance Particular |
Compliance Period (Due Date) |
|
1 |
Regulation 55A of the SEBI (Depositories and Participants) Regulations, 1996.) |
Reconciliation of Share Capital Audit. |
Within 30 days from quarter end. |
5. Compliance Requirement UNDER Companies Act, 2013 and Rules made thereunder;
|
Applicable Laws/Acts |
Due Dates |
Compliance Particulars |
Forms / Filing mode |
|
Companies Act, 2013 |
Within 180 Days From The Date Of Incorporation Of The Company |
As per Section 10 A (Commencement of Business) of the Companies Act, 2013, inserted vide the Companies (Amendment) Ordinance, 2018 w.e.f. 2nd November, 2018, a Company Incorporated after the ordinance and having share capital shall not commence its business or exercise any borrowing powers unless a declaration is filed by the Director within 180 days from the date of Incorporation of the Company with the ROC. http://www.mca.gov.in/Ministry/pdf/CompaniesFourthAmendmentRules_19122018.pdf |
MCA E- Form INC 20A |
|
Companies Act, 2013 |
30 Days From The Date Of Deployment of E-Form on MCA Portal |
Every existing body corporate other than a company governed by the NFRA Rules (Rule 3(1)), shall inform the (“NFRA”) about details of the auditor(s) as on 13th November 2018. |
Form NFRA-1 (e-form not yet deployed Ministry (ROC)) |
|
Companies Act, 2013 |
within 30 days of the form being made available by the MCA |
All Specified Companies (i.e. Companies who get supplies of goods or services from micro and small enterprises and whose payments to micro and small enterprise suppliers exceed 45 days from the date of acceptance or the date of deemed acceptance of the goods or services as per section 9 of the Micro, Small and Medium Enterprises Development Act, 2006) to file details of all outstanding dues to Micro or small enterprises suppliers existing on 22nd January, 2019 within thirty days. Link of the MCA notification : http://www.mca.gov.in/Ministry/pdf/MSMESpecifiedCompanies_22012019.pdf |
Form MSME -1 One time return is required to be filed within 30 days of the form being made available by the MCA (earlier within 30 days of publication of this order i.e. 21.02.2019.) Due date of subsequent returns is mentioned below: a) For Half year period ‘April to September’ - 31st October b) For half year period ‘October to March’ - 30th April |
|
Companies Act, 2013 |
On or before 8th of May, 2019 (i.e. within 90 days from the date of notification) |
A person having Significant beneficial owner shall file a declaration to the reporting company http://www.mca.gov.in/Ministry/pdf/CompaniesOwnersAmendmentRules_08020219.pdf |
Form BEN-1 |
|
Companies Act, 2013 |
Within 30 Days |
Filing of form BEN-2 under the Companies (Significant Beneficial Owners) Rules, 2018. (Within 30 days from the date of receipt of declaration in BEN-1) http://www.mca.gov.in/Ministry/pdf/CompaniesOwnersAmendmentRules_08020219.pdf |
Form BEN - 2 (e-form not yet deployed by Ministry (ROC)) |
|
Companies Act, 2013 |
On or before 25.04.2019 |
Filing of the particulars of the Company & its registered office. (by every company incorporated on or before the 31.12.2017.) |
Active Form INC -22A |
|
Companies Act, 2013 |
On or before 30.04.2019 |
Every Person holding DIN as on 31.03.2019 (including Directors having disqualified DIN) Penalty after due date is Rs. 5000/- |
E-Form DIR - 3 KYC |
Note:
Form DPT-3 (Due date: 21-04-2019)
Onetime Return For Disclosure Of Details Of Outstanding Money Or Loan Received By Company But Not Considered As Deposits In Terms Of Rule 2(1)(C) Of The Companies (Acceptance Of Deposits) Rules, 2014 (New e-form not yet deployed by Ministry (ROC)
Note: Every Company (Other Than Government Company) Shall File A Onetime Return Of Outstanding Receipt Of Money Or Loan From 01st April, 2014 Till 22nd January, 2019, Which Are Not Considered As Deposits, In Form DPT-3 Within Ninety Days of 22nd January, 2019.
This article is updated till 29th March, 2019 with all Laws / Regulations and their respective amendments.
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