Roc Compliance

The most suited corporate structure for medium to large businesses and for businesses that aim to expand faster and farther is that of a private limited company. The procedure of registration and formalities pertaining to private limited companies is governed by the Companies Act, 2013. The Act mandates a few prerequisites to incorporate a private limited company. For instance, the company should have a minimum of 2 to a maximum of 200 members. The most striking feature of a private limited company is that it bestows limited liability on its members. The Companies Act,2013 renders the private limited company a separate legal entity. Being a legal person, in order to sustain its active status, the private limited company is obligated to fulfill the stipulated compliances as directed by the Act. These annual compliances must be duly followed irrespective of the turnover of the company. Failing to comply would result in the name of the company being eliminated from the register of the RoC (Registrar of Companies).

The compliances can be broadly divided into:

• Mandatory RoC Annual Compliance
• Event-Based RoC Compliance.