Introduction: Since the inception of the Companies Act, 2013, the Compliances of carrying out business through a Company in increasing day by day. Increase in compliances majorly hit those who do not perform substantial activities in the Company since they are required to pay both Government filing fees and Consultant’s fees in relation to maintaining the Company.
Moreover, the Government has also put in place new Compliances like MSME Form 1 (For MSME Payables), DPT-3 (For deposits or transactions not considered as deposits), BEN-2 (For beneficial shareholder’s information) and increased the late fees of some already in-place forms like MGT-7 (Annual Return), AOC-4 (Financial Statements) where the LATE FEES have been increased to Rs. 100 per day in case of delay.
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