First-Year Compliance Calendar for a New Company

Congratulations — you've incorporated your company. But incorporation is the start of a compliance journey, and the first year has specific steps that catch many new founders off guard.

Right after incorporation

• Open a bank account and deposit the subscription money.
• File INC-20A (commencement of business) within 180 days — miss it and you can't legally operate or borrow.
• Appoint an auditor within 30 days.

Through the year

• Maintain proper books of accounts.
• Hold board meetings as required.
• Deduct and deposit TDS; file GST if registered.
• Complete director DIR-3 KYC.

Year-end

• Get accounts audited.
• File AOC-4 and MGT-7 with the MCA.
• File the company's income tax return.

None of this is hard — but the deadlines are unforgiving, especially INC-20A. Set up a compliance calendar on day one, or hand it to someone who tracks it for you.

This article is for general information based on rules current at the time of writing and is not professional advice. Rules change — confirm specifics with a GovYapar expert before acting.