Startups are all those business or industrial entities which are established as per the "Start Up India, Stand Up India" initiative of the Modi government, the drastic action-plan of the initiative was launched in January 2016. These startups are being promoted in India to give further space to innovations, entrepreneurship development, and faster growth of Indian economy.
This exclusive webpage informs about the annual compliance filing for startups in India to help the concerned entrepreneurs. Here, it may be noted that strict and timely compliances are recommended, to avert huge penalties, and closure of the business in the extreme cases. Again, the periodic and annual compliances for startups stipulated here, apply only to those startups which are running as private limited companies with an annual turnover less than Rs. 25 Crore.
Though startups are given certain welcome and lavish facilities and benefits by the Government of India, these units also essentially require to make mandatory periodic and annual compliances with various regulatory bodies concerned, just like other types of companies. In general, the particulars of periodic and annual compliance for startups in india, relate to the following:
The annual compliances are those compliances which a company is required to make once in every financial year, with the concerned regulatory bodies and legal statutes. Thus, as far as only the annual compliance checklist for startups is concerned, the following are the major and most significant compliances:
Here, it must be noted that several compliances related with the other particulars mentioned in the section above, may also fall under the annual compliances for startups.
Available are our expert, efficient, and cost-effective services for the Annual Mandatory Compliances (AMCs) of the Startups located and active anywhere in entire India, and belonging to Indian or Foreign Nationals.