After Registration: The Compliance Calendar for a New Company or LLP
You have the certificate of incorporation. What comes next is a sequence, not a pile: bank account, share capital and INC-20A within 180 days, then GST and TDS as they apply, then the first year of ROC and income-tax filings. This guide sets it out for a private limited company and an LLP formed in FY 2026-27, side by side, with a planner for your own dates and a month-by-month calendar for FY 2026-27 and FY 2027-28.
Why it matters
Most First-Year Penalties Are Not About Tax
They come from filings nobody mentioned when the company or LLP was set up. Three authorities, the MCA, the income-tax department and GST, each run their own calendar.
The first 180 days decide a lot
INC-20A proves the share capital actually came in. Until it is filed, a company cannot start business or borrow.
A company is audited from year one
The statutory audit applies even to a company with no turnover. The tax audit is separate and applies only above limits.
Nil returns are still returns
Once registered for GST, GSTR-1 and GSTR-3B are due every month, or quarterly under QRMP, whether or not there were sales.
Late fees run daily
Annual ROC forms carry ₹100 a day each, with no upper limit, for companies and LLPs alike.
Plan your dates
Your First 180 Days, Worked Out
The one-time steps after incorporation, with the dates they fall on. Enter your date of incorporation and choose the entity; the timeline and tables update, and each numbered point opens its details.
Example shown: a private limited company and an LLP incorporated on 1 October 2026.
This planner is set up for incorporation between 1 April 2026 and 31 March 2027, so some of the later dates may not apply.
Select a numbered point on the timeline to see what it involves.
Your key dates
- Commencement of business (INC-20A) by
- 30 Mar 2027
- First financial year ends
- 31 Mar 2027
- First AGM, at the latest
- 31 Dec 2027
- First income-tax return, FY 2026-27, by
- 31 Oct 2027
Aim to hold the first AGM by 30 September 2027, so audited accounts are ready for the 31 October return.
| # | Step | Deadline | Your date | What it involves |
|---|---|---|---|---|
| 1 | Certificate of incorporation | Day 0 | 1 Oct 2026 | CIN, PAN and TAN are issued together, with the EPFO and ESIC registration numbers. |
| 2 | Open the current account | Straight away | By 8 Oct 2026 (suggested) | In the company's name. The share capital, GST registration and every payment depend on it. |
| 3 | First board meeting | Within 30 days | By 31 Oct 2026 | Directors disclose their interests, and the board authorises the bank account, approves the share certificates and appoints the first auditor. |
| 4 | Appoint the first auditor | Within 30 days | By 31 Oct 2026 | The board appoints the first statutory auditor, who holds office until the first AGM. |
| 5 | Deposit the share capital | Suggested within 30 days | By 31 Oct 2026 (suggested) | Each subscriber pays for the shares taken in the memorandum into the company's account. The bank statement is the proof filed with INC-20A. |
| 6 | Issue share certificates | Within 2 months | By 1 Dec 2026 | To every subscriber, with stamp duty paid as applicable in Gujarat. |
| 7 | File INC-20A, commencement of business | Within 180 days | By 30 Mar 2027 | A declaration that the subscription money has been received, with proof. Until it is filed the company cannot start business or borrow. |
| # | Step | Deadline | Your date | What it involves |
|---|---|---|---|---|
| 1 | Certificate of incorporation | Day 0 | 1 Oct 2026 | The LLPIN is issued, with PAN and TAN allotted through the incorporation form. |
| 2 | Open the current account | Straight away | By 8 Oct 2026 (suggested) | In the LLP's name. Contributions and every payment run through it. |
| 3 | File the LLP agreement (Form 3) | Within 30 days | By 31 Oct 2026 | Stamped as applicable in Gujarat, covering capital, profit sharing, remuneration and exit. The late fee is ₹100 a day. |
| 4 | Partners bring in their contribution | As the agreement says | By 31 Oct 2026 (suggested) | There is no 180-day declaration for an LLP, but the contribution recorded with the MCA should match the money actually brought in. |
The subscribers promised to pay for their shares when they signed the memorandum. INC-20A is the declaration that they actually did, backed by the bank statement. Miss the 180 days and the company pays ₹50,000, each officer in default pays ₹1,000 a day up to ₹1 lakh, and the Registrar can start striking the company off.
Registrations to add as you grow
Only a few registrations come with incorporation. A company receives PAN, TAN and the EPFO and ESIC numbers with its certificate; an LLP receives PAN and TAN. The rest you add when they apply.
| Registration | When you need it | Timing |
|---|---|---|
| GST | Turnover above ₹40 lakh for goods or ₹20 lakh for services in Gujarat, or from the first rupee for inter-state sales of goods or selling on a marketplace | Within 30 days of becoming liable. Add the bank account on the GST portal within 30 days of registration |
| Udyam (MSME) | Worth doing straight away. It is free and brings you within the 45-day payment protection | Any time |
| Shops and Establishments | Every office, shop or establishment in Gujarat | Within 60 days of starting operations |
| Profession tax | Enrolment for the entity, and registration once you pay salaries | Before the first salary is paid |
| Importer Exporter Code | Before the first import or export | Update it every year between April and June |
| Startup India (DPIIT) | Optional, for innovative and scalable businesses. It opens the route to a separate application for a three-year tax holiday | Any time within the eligible period |
| PF and ESI contributions | PF from 20 employees, ESI from 10 in notified areas | From the month the threshold is reached |
| Trademark | Optional, protects the brand name | Before money goes into branding |
Show the entity's name, registered office address and CIN or LLPIN on letterheads, invoices and the website, and display the name outside the registered office. Written appointment letters are now needed for every person you employ.
Company and LLP compared
| Point | Private limited company | LLP |
|---|---|---|
| Law | Companies Act, 2013 | LLP Act, 2008 |
| Within 30 days | First board meeting and first auditor | LLP agreement in Form 3 |
| Capital proof | INC-20A within 180 days, with proof the share money arrived | No equivalent filing |
| Share certificates | Within 2 months of incorporation | Not applicable |
| First financial year | Ends 31 March 2027. If incorporated on or after 1 January 2027, it ends 31 March 2028 | Ends 31 March 2027. If incorporated after 30 September 2026, it may end 31 March 2028 |
| Meetings | Board meetings, at least one in each half of the calendar year for a small company, and an AGM | None required by law |
| Statutory audit | Every year, whatever the turnover | Only above ₹40 lakh turnover or ₹25 lakh contribution |
| Tax audit | Turnover above ₹1 crore, or ₹10 crore where cash is within 5% | The same, or ₹50 lakh of receipts for a professional LLP |
| Annual MCA filings | AOC-4 within 30 days and MGT-7A within 60 days of the AGM | Form 11 by 30 May and Form 8 by 30 October |
| Income-tax return | 31 October | 31 October if audited, otherwise by 31 July to be safe |
| GST and TDS | The same for both: GSTR-1 and GSTR-3B monthly or under QRMP, and TDS deposits by the 7th with quarterly returns | |
| Tax on profit | 22% under the concessional regime, plus surcharge and cess | 30%, plus surcharge and cess |
| KYC for people | Directors, once every three years | Designated partners, once every three years |
| Changes | Director changes in DIR-12 within 30 days | Partner changes in Form 4 and agreement changes in Form 3, within 30 days |
| Late fee on annual forms | ₹100 a day per form, no upper limit | ₹100 a day per form, no upper limit |
Presumptive taxation is not available to companies or LLPs, so the only route out of a tax audit is staying within the limits.
Month-by-month calendar
Every Date, Month by Month
Two tabs: FY 2026-27, the year you register, and FY 2027-28, your first full year. Choose your entity and how you file GST, show or hide categories, and open any item marked with details. The badge on each month shows how many dates apply to your selection.
Only the months after incorporation apply to you, and each return starts once its registration does. Your one-time steps, INC-20A for a company or the LLP agreement for an LLP, are in the 180-day planner above. Exporting? File a letter of undertaking before the first export.
Annual and quarterly dates in each month, April 2026 to March 2027. Monthly returns are not counted. Select a bar to jump to that month.
April 2026
Nothing is due yet for a company or LLP formed this year. Returns for your first month of business fall due in the month after it.
May 2026
June 2026
15 JunAdvance tax, first instalmentIncome tax, for both
15% of the year's estimated tax.
Applies if already incorporated, where the year's tax is expected to be ₹10,000 or more.
If late: Interest on the shortfall.
July 2026
31 JulTDS return, April to June 2026TDS, for both
Quarterly statement on Form 138 for salaries and Form 140 for other payments.
Applies if TDS was deducted.
If late: ₹200 a day, up to the TDS amount.
August 2026
15 AugTDS certificates (Form 131), April to JuneTDS, for both
Within 15 days of the quarterly return's due date, downloaded from TRACES.
Applies for tax deducted on payments other than salary.
If late: ₹100 a day per certificate.
September 2026
15 SepAdvance tax, second instalmentIncome tax, for both
45% of the estimated tax, cumulatively.
Applies if already incorporated, where the year's tax is expected to be ₹10,000 or more.
If late: Interest on the shortfall.
October 2026
31 OctTDS return, July to September 2026TDS, for both
Quarterly statement on Form 138 for salaries and Form 140 for other payments.
Applies if TDS was deducted.
If late: ₹200 a day, up to the TDS amount.
31 OctMSME-1, April to September 2026ROC and MCA, for a company
Half-yearly return of dues outstanding to micro and small suppliers.
Applies if incorporated by then and you owe micro or small suppliers for more than 45 days.
November 2026
15 NovTDS certificates (Form 131), July to SeptemberTDS, for both
Within 15 days of the quarterly return's due date, downloaded from TRACES.
Applies for tax deducted on payments other than salary.
If late: ₹100 a day per certificate.
December 2026
15 DecAdvance tax, third instalmentIncome tax, for both
75% of the estimated tax, cumulatively.
Applies if already incorporated, where the year's tax is expected to be ₹10,000 or more.
If late: Interest on the shortfall.
31 DecBoard meeting for July to December 2026ROC and MCA, for a company
A small company must hold at least one board meeting in each half of the calendar year, at least 90 days apart. The first board meeting counts if it fell in this half.
Applies if incorporated by then.
January 2027
31 JanTDS return, October to December 2026TDS, for both
Quarterly statement on Form 138 for salaries and Form 140 for other payments.
Applies if TDS was deducted.
If late: ₹200 a day, up to the TDS amount.
February 2027
15 FebTDS certificates (Form 131), October to DecemberTDS, for both
Within 15 days of the quarterly return's due date, downloaded from TRACES.
Applies for tax deducted on payments other than salary.
If late: ₹100 a day per certificate.
During FebruaryAsk for balance confirmationsOther, for both
Request confirmations from major customers, suppliers and lenders so they arrive before the first year end.
March 2027
15 MarAdvance tax, final instalmentIncome tax, for both
100% of the estimated tax for FY 2026-27.
Applies where the year's tax is expected to be ₹10,000 or more.
If late: Interest on the shortfall.
31 MarLetter of undertaking for FY 2027-28GST, for both
A fresh LUT is needed for each financial year, so file it before exporting in April.
Applies if you export without paying IGST.
31 MarFirst year-end closeOther, for both
Physical stock count, fixed asset register with put-to-use dates, and provisions. A company incorporated on or after 1 January 2027, or an LLP that chose the longer first year, keeps going to 31 March 2028 for company-law accounts, but income tax still closes the year today.
This is when the first annual filings arrive: the tax audit and income-tax return for FY 2026-27, the first AGM and ROC forms for a company, and Forms 11 and 8 for an LLP.
Annual and quarterly dates in each month, April 2027 to March 2028. Monthly returns are not counted. Select a bar to jump to that month.
April 2027
1 AprStart a new GST invoice seriesGST, for both
Each financial year needs its own continuous invoice series.
Applies if registered for GST.
First meetingDirectors' disclosures (MBP-1 and DIR-8)ROC and MCA, for a company
At the first board meeting of each financial year, every director discloses interests in other entities in MBP-1. Most companies collect each director's DIR-8 confirmation at the same meeting.
30 AprTDS deposit for March 2027TDS, for both
Tax deducted in March is deposited by 30 April rather than the 7th.
Applies if TDS was deducted.
If late: Interest at 1.5% a month from the date of deduction.
30 AprMSME-1, October 2026 to March 2027ROC and MCA, for a company
Half-yearly return of dues outstanding to micro and small suppliers.
Applies if you owe micro or small suppliers for more than 45 days.
May 2027
30 MayLLP annual return (Form 11)ROC and MCA, for an LLP
Partners and contribution for the year to 31 March 2027. Filed even if the LLP did no business.
If late: ₹100 a day, with no upper limit.
31 MayTDS return, January to March 2027TDS, for both
Quarterly statement on Form 138 for salaries and Form 140 for other payments.
Applies if TDS was deducted.
If late: ₹200 a day, up to the TDS amount.
June 2027
15 JunAdvance tax, first instalmentIncome tax, for both
15% of the year's estimated tax.
Applies where the year's tax is expected to be ₹10,000 or more.
If late: Interest on the shortfall.
15 JunSalary TDS certificates (Form 130)TDS, for both
Form 130, earlier Form 16, to each employee for FY 2026-27.
Applies if TDS was deducted from salaries.
If late: ₹100 a day per certificate.
15 JunTDS certificates (Form 131), January to MarchTDS, for both
Within 15 days of the quarterly return's due date, downloaded from TRACES.
Applies for tax deducted on payments other than salary.
If late: ₹100 a day per certificate.
30 JunReturn of deposits (DPT-3)ROC and MCA, for a company
Covers loans from directors and other money received that is not a deposit, as at 31 March 2027.
Applies if loans or other money were outstanding on 31 March.
30 JunIEC annual updateOther, for both
Confirm or update the IEC on the DGFT portal between April and June, even if nothing has changed. Otherwise it is deactivated.
Applies if you hold an Importer Exporter Code.
30 JunBoard meeting for January to June 2027ROC and MCA, for a company
A small company must hold at least one board meeting in each half of the calendar year, at least 90 days apart.
Applies if none has been held since 1 January.
July 2027
31 JulTDS return, April to June 2027TDS, for both
Quarterly statement on Form 138 for salaries and Form 140 for other payments.
Applies if TDS was deducted.
If late: ₹200 a day, up to the TDS amount.
31 JulIncome-tax return, if no audit appliesIncome tax, for an LLP
Sources differ on whether firms and LLPs without an audit have until 31 July or 31 August under the new Act. Filing by 31 July is safe either way.
Applies only if the LLP needs neither a statutory audit nor a tax audit.
If late: Late fee of up to ₹5,000, and losses cannot be carried forward.
August 2027
Before the AGMBoard approves the audited accountsROC and MCA, for a company
The board approves the financial statements and the directors' report, and the AGM notice goes out at least 21 clear days before the meeting.
15 AugTDS certificates (Form 131), April to JuneTDS, for both
Within 15 days of the quarterly return's due date, downloaded from TRACES.
Applies for tax deducted on payments other than salary.
If late: ₹100 a day per certificate.
September 2027
Dates in September to November assume the first AGM is held on 30 September 2027.
15 SepAdvance tax, second instalmentIncome tax, for both
45% of the estimated tax, cumulatively.
Applies where the year's tax is expected to be ₹10,000 or more.
If late: Interest on the shortfall.
30 SepTax audit report (Form 26)Income tax, for both
The first tax audit under the Income-tax Act, 2025, in the new Form 26.
Applies if FY 2026-27 turnover exceeded ₹1 crore, or ₹10 crore where cash was within 5%.
If late: Penalty of 0.5% of turnover, up to ₹1.5 lakh.
30 SepFirst AGM, recommended dateROC and MCA, for a company
Holding it by 30 September keeps the audited accounts in step with the income-tax return. The legal limit is nine months after the first financial year ends.
October 2027
15 OctAuditor appointment (ADT-1)ROC and MCA, for a company
Within 15 days of the AGM at which the auditor is appointed for five years.
29 OctFinancial statements (AOC-4)ROC and MCA, for a company
Within 30 days of the AGM.
If late: ₹100 a day, with no upper limit.
30 OctLLP accounts and solvency (Form 8)ROC and MCA, for an LLP
Statement of account and solvency for FY 2026-27, signed by the designated partners and certified where the LLP is audited.
If late: ₹100 a day, with no upper limit.
31 OctIncome-tax return for FY 2026-27Income tax, for both
Due for every company, even with no income, and for audited LLPs.
Applies for an LLP, only where its accounts are audited.
If late: Late fee of up to ₹5,000, interest on unpaid tax, and losses cannot be carried forward.
31 OctTDS return, July to September 2027TDS, for both
Quarterly statement on Form 138 for salaries and Form 140 for other payments.
Applies if TDS was deducted.
If late: ₹200 a day, up to the TDS amount.
31 OctMSME-1, April to September 2027ROC and MCA, for a company
Half-yearly return of dues outstanding to micro and small suppliers.
Applies if dues to micro or small suppliers are over 45 days.
November 2027
15 NovTDS certificates (Form 131), July to SeptemberTDS, for both
Within 15 days of the quarterly return's due date, downloaded from TRACES.
Applies for tax deducted on payments other than salary.
If late: ₹100 a day per certificate.
28 NovAnnual return (MGT-7A)ROC and MCA, for a company
Within 60 days of the AGM. Small companies file the shorter MGT-7A.
If late: ₹100 a day, with no upper limit.
30 NovLast date for FY 2026-27 GST creditGST, for both
Input tax credit on FY 2026-27 invoices, and amendments to them, must be done in returns filed by this date.
Applies if registered for GST.
If late: Unclaimed credit lapses permanently.
December 2027
15 DecAdvance tax, third instalmentIncome tax, for both
75% of the estimated tax, cumulatively.
Applies where the year's tax is expected to be ₹10,000 or more.
If late: Interest on the shortfall.
31 DecGST annual return (GSTR-9)GST, for both
Annual reconciliation of the year's GST returns with the books.
Applies if FY 2026-27 turnover exceeded ₹2 crore; GSTR-9C as well above ₹5 crore.
If late: A daily late fee, capped as a share of turnover.
31 DecOuter limit for the first AGMROC and MCA, for a company
Nine months after the first financial year ends. AOC-4 and MGT-7A follow within 30 and 60 days of whenever it is held.
Applies where the first financial year ended on 31 March 2027.
31 DecBoard meeting for July to December 2027ROC and MCA, for a company
A small company must hold at least one board meeting in each half of the calendar year, at least 90 days apart.
Applies if none has been held since 1 July.
January 2028
31 JanTDS return, October to December 2027TDS, for both
Quarterly statement on Form 138 for salaries and Form 140 for other payments.
Applies if TDS was deducted.
If late: ₹200 a day, up to the TDS amount.
February 2028
15 FebTDS certificates (Form 131), October to DecemberTDS, for both
Within 15 days of the quarterly return's due date, downloaded from TRACES.
Applies for tax deducted on payments other than salary.
If late: ₹100 a day per certificate.
During FebruaryAsk for balance confirmationsOther, for both
Request confirmations from major customers, suppliers and lenders so they arrive before the year end.
March 2028
15 MarAdvance tax, final instalmentIncome tax, for both
100% of the estimated tax for FY 2027-28.
Applies where the year's tax is expected to be ₹10,000 or more.
If late: Interest on the shortfall.
31 MarLetter of undertaking for FY 2028-29GST, for both
A fresh LUT is needed for each financial year, so file it before exporting in April.
Applies if you export without paying IGST.
31 MarYear-end closeOther, for both
Physical stock count, fixed asset register updated with put-to-use dates, and provisions recorded.
How the monthly GST returns work
| You file | By the 11th | By the 13th | By the 20th | By the 22nd | By the 25th |
|---|---|---|---|---|---|
| Monthly | GSTR-1 for last month | GSTR-3B and payment for last month | |||
| Quarterly (QRMP), month after a quarter | GSTR-1 for the quarter | GSTR-3B for the quarter, in Gujarat | |||
| Quarterly (QRMP), other months | Optional invoice upload (IFF) | Tax payment in PMT-06 |
QRMP is open where aggregate turnover is up to ₹5 crore. Nil returns still have to be filed, and GSTR-3B is now built from GSTR-1, so check GSTR-1 before filing it. TDS is deposited by the 7th (March by 30 April), and PF and ESI by the 15th, once each applies.
Directors and partners
Some obligations sit with the people rather than the entity. A lapse here blocks the entity's own filings, because every MCA form is signed by a director or designated partner.
| Obligation | Directors of a company | Designated partners of an LLP |
|---|---|---|
| Routine KYC (DIR-3 KYC Web) | Once every three financial years, by 30 June | The same, since designated partners hold DINs too |
| First KYC for a DIN issued in FY 2026-27 | MCA's published illustrations count three financial years after the year the DIN was allotted, which puts the first routine filing in April to June 2030 | |
| Existing directors who were KYC-compliant | Next routine filing by 30 June 2028 | |
| Change in mobile, email or address | File within 30 days. This does not reset the three-year cycle | |
| Interest in other entities | MBP-1 at the first board meeting of each year and on any change | No equivalent form |
| Not disqualified | DIR-8 before appointment or reappointment | Consent and eligibility given in Form 9 on joining |
| Joining or leaving | DIR-12 within 30 days | Form 4 within 30 days |
| If KYC is missed | The DIN is deactivated, and ₹5,000 is payable to reactivate it | |
Statutory audit and tax audit
Two different audits are easy to confuse. The statutory audit comes from company or LLP law and certifies the accounts. The tax audit comes from the Income-tax Act and applies only above turnover limits. Try your own figures below.
Every company is audited every year under the Companies Act, whatever its turnover.
Turnover is above ₹1 crore and cash is more than 5%.
Companies file by 31 October; the tax audit report is due by 30 September.
| Test | Private limited company | LLP |
|---|---|---|
| Statutory audit | Always | Turnover above ₹40 lakh or contribution above ₹25 lakh |
| Tax audit, business | Turnover above ₹1 crore, or above ₹10 crore where cash receipts and cash payments are each within 5% | |
| Tax audit, profession | Not applicable | Gross receipts above ₹50 lakh |
| Tax audit report due | 30 September 2027 for FY 2026-27, in the new Form 26 | |
| Income-tax return due | 31 October 2027 | 31 October 2027 if audited, otherwise by 31 July 2027 to be safe |
Books of account
The Companies Act is specific about how a company keeps its books, and stricter than the LLP rules. Both keep records for eight years. Books must record every sum received and spent, all sales and purchases, and the assets and liabilities.
| Point | Private limited company | LLP |
|---|---|---|
| Law | Section 128, Companies Act, 2013 | Section 34 and Rule 24, LLP Act, 2008 |
| Where kept | Registered office, or another place in India the board decides and intimates to the Registrar | Registered office |
| Basis | Accrual basis only | Cash or accrual basis |
| System | Double entry | Double entry |
| Electronic books | Allowed, with a daily backup on servers located in India | Allowed |
| Accounting software | Must keep an audit trail of every edit that cannot be switched off | No equivalent rule |
| Keep for | 8 years | 8 years |
| Year-end statements | Balance sheet, profit and loss account and notes in the Schedule III format. A small company need not prepare a cash flow statement | Statement of account and solvency in Form 8 |
GST adds its own rule: records must be kept until 72 months after the due date of the annual return for the year.
What a missed date costs
| Missed | Consequence |
|---|---|
| INC-20A within 180 days | ₹50,000 on the company and ₹1,000 a day on each officer in default, up to ₹1 lakh. No business or borrowing until filed, and the Registrar can start striking off |
| LLP agreement, Form 3 | ₹100 a day |
| AOC-4 and MGT-7A, or Form 8 and Form 11 | ₹100 a day per form, with no upper limit |
| Three years without annual filings | Directors disqualified for five years, and the company can be struck off |
| Income-tax return | Late fee of up to ₹5,000 under Section 428 of the new Act, interest on unpaid tax, and losses cannot be carried forward |
| Tax audit report | Penalty of 0.5% of turnover, up to ₹1.5 lakh |
| GSTR-1 and GSTR-3B | ₹50 a day, or ₹20 for a nil return, plus 18% interest on tax paid late |
| TDS deposit and return | Interest of 1.5% a month on late deposit, and ₹200 a day for a late return, up to the TDS amount |
| PF and ESI | Interest and damages on late deposit, and late employee contributions are not deductible for tax |
| Director or partner KYC | DIN deactivated, ₹5,000 to reactivate |
This guide is general information on Indian tax and corporate law as it stood on 11 September 2026, and is not advice for any particular case. Rules, due dates and forms change, and how they apply depends on your facts. Please confirm the current position before acting, or speak to a qualified professional.
Common slips
First-Year Mistakes We See Most
Each of these is easy to avoid once it is on the calendar.
INC-20A forgotten
Lost in the rush of starting up, it blocks borrowing and brings a penalty on the company and its directors.
Nil GST returns not filed
Registered early with no sales yet, and late fees building on every missed GSTR-1 and GSTR-3B.
No audit in a quiet first year
A company with no activity still needs audited accounts, an AGM and its annual filings.
LLP agreement filed late
The 30 days run from incorporation, and the fee is charged for every day after.
Frequently asked questions
Answers to Your First-Year Questions
What should a new private limited company do right after incorporation?
Open a current account, hold the first board meeting and appoint the first auditor within 30 days, deposit the share capital, issue share certificates within two months, and file INC-20A within 180 days. GST, Udyam, Importer Exporter Code and Startup India registration follow as they apply.
What happens if INC-20A is not filed within 180 days?
The company is liable to a penalty of ₹50,000 and each officer in default to ₹1,000 a day, up to ₹1 lakh. The company cannot commence business or exercise borrowing powers until it files, and the Registrar can start proceedings to strike it off.
Does an LLP have to file anything like INC-20A?
No. An LLP's first deadline is filing the LLP agreement in Form 3 within 30 days of incorporation. Partners bring in their contribution as the agreement says, and that contribution should match what is recorded with the MCA.
When are GSTR-1 and GSTR-3B due for a new business?
From the month after GST registration. Monthly filers file GSTR-1 by the 11th and GSTR-3B with payment by the 20th. Under QRMP, GSTR-1 is due by the 13th and GSTR-3B by the 22nd in Gujarat in the month after each quarter, with tax paid through PMT-06 by the 25th in the other months. Nil returns still have to be filed.
When is the first AGM for a company incorporated in FY 2026-27?
Within nine months after its first financial year ends. For a company incorporated before 1 January 2027 the first year ends on 31 March 2027, so the AGM is due by 31 December 2027. A company incorporated on or after 1 January 2027 has a first year ending 31 March 2028. Holding the AGM by 30 September keeps it in step with the income-tax return.
Does a new company with no turnover need an audit?
Yes. Every company needs a statutory audit every year under the Companies Act, whatever its turnover. A tax audit is separate and applies only above the turnover limits, and a company files an income-tax return every year even with no income.
When does an LLP need an audit?
A statutory audit applies when turnover exceeds ₹40 lakh or partners' contribution exceeds ₹25 lakh. A tax audit applies above ₹1 crore of turnover, or ₹10 crore where cash receipts and payments are each within 5%, and above ₹50 lakh of receipts for a professional LLP.
When do directors and designated partners file KYC?
Once every three financial years, by 30 June, through Form DIR-3 KYC Web. For a DIN allotted in FY 2026-27, the MCA's illustrations put the first routine filing in April to June 2030. A change in mobile number, email or address must still be filed within 30 days, and a missed KYC deactivates the DIN until ₹5,000 is paid.
Just Registered? Let Us Run the First Year's Calendar.
Send us the certificate of incorporation. We will handle INC-20A or the LLP agreement, set up GST and TDS as they apply, and diarise every first-year date for you.
C M Patel & Company, Chartered Accountants
204, Pavan Complex, Jetalpur Road, Vishwas Colony, Vadiwadi, Vadodara, Gujarat 390007
Phone +91 99740 37318 · Email info.cmpatelandcompany@gmail.com
Monday to Saturday 10:00 am – 8:00 pm