TAX
PaieOverview of Event-Based Compliances
Event-based compliances under the Ministry of Corporate Affairs (MCA) refer to mandatory filings triggered by specific corporate events, such as a change in directors, share allotments, alteration of the Memorandum of Association (MOA), or transfer of shares. These filings ensure the MCA is updated about important changes in the company's structure, management, or operations
Who is applicable for Event-Based Compliances
Private Limited CompaniesPublic Limited Companies
One Person Companies (OPCs)
Limited Liability Partnerships (LLPs)
Companies and LLPs undergoing structural or operational changes requiring regulatory updates
Benefits of Event-Based Compliances
1. Legal Compliance
Keeps the company aligned with MCA regulations and avoids penalties
2. Transparency
Promotes trust among stakeholders, regulators, and the public
3. Business Continuity
Ensures smooth operations without legal hindrances
4. Credibility
Enhances the company’s reputation and trustworthiness
5. Avoidance of Penalties
Prevents legal consequences and financial fines
Documents Required for Event-Based Compliances
- Board resolutions or shareholder approvals for the event
- Updated Memorandum of Association (MOA) and Articles of Association (AOA), if applicable
- Details of the event (e.g., change in directors, share allotment, etc.)
- Digital Signature Certificate (DSC) of authorized signatories
- Financial statements or declarations (if required for the event)
- Other event-specific documents as mandated by the MCA
Step-by-Step Process for Event-Based Compliances
1. Identify the Event
Determine the event requiring compliance (e.g., appointment of a director, alteration of MOA, etc.)
2. Prepare Documents
Gather all necessary resolutions, approvals, and other supporting documents
3. Fill Forms
Complete the appropriate MCA form(s) (e.g., DIR-12, PAS-3 etc.) based on the event
4. Digital Signing
Sign the forms using the DSC of the authorized personnel
5. Pay Filing Fees
Submit the prescribed government fees through the MCA portal
6. Submission and Acknowledgment
File the forms and retain the acknowledgment for records
Frequently Asked Questions
What are examples of event-based compliances in MCA?
Is there a time limit for filing event-based compliances?
What are the consequences of non-compliance?
Can a company rectify a missed event-based filing?
Are event-based filings mandatory for dormant companies?
Other Services
ROC Filing
Other Services
Add a New Partner in LLP
Adding a partner to an LLP involves updating the partnership agreement and notifying the Ministry of Corporate Affairs (MCA).
ADT-1 Filing
Filing Form ADT-1 informs RoC about the appointment or reappointment of an auditor within the company.
Annual Compliance for One Person Company
OPC compliance includes filing returns, financials, and forms under the Companies Act,2013.
Annual Compliance for pvt ltd
Annual compliance for a Private Limited Company includes filing returns, financials, records, and ensuring governance.
Annual Filing for LLP
Annual filing for an LLP includes submitting returns, financial statements, and income tax returns to the MCA for compliance.
Company Name Change
Changing a company’s name requires shareholder approval and updating legal documents as per MCA rules.
DIR-3 KYC Filing
DIR-3 KYC filing is mandatory for DIN holders to update details with MCA, ensuring DIN validity and transparency.
DPT-3 Filing Online
DPT-3 is an annual return filing requiring companies to report deposits, loans, or advances, ensuring MCA compliance.
Removal of Partner from LLP
Removing a partner from an LLP requires updating the LLP agreement and notifying the MCA to disassociate the partner.
Share Transfer
Share transfer in a Private Limited Company involves transferring ownership between shareholders, following AOA and Companies Act, 2013.
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