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EVENT BASED COMPLIANCES

The Event-Based Compliances are those mandatory compliances which are other than the usual and mandatory annual and periodical compliances made by the organization with ROC and other administrative authorities. These event-based compliancesrelate to any adventitious or unforeseen tasks, events, or new dimensions of a company. Here, explore various event-based company compliances, to stay legally comprehensive.

While registering a new business, business registration seems to be the most significant part of it. Nevertheless, once a private limited company is registered as per the provisions of Companies Act, 2013, there is a lot of adaptabilities that are required to be done by them on several occasions.

In stock, the event-based company compliancesare one-time, frequent, or occasional reporting or agreements, which are both required by the concerned laws or are desirable, to remain legal perfect and protected. Every change in any registered particulars associated with the company is to be reported appropriately to the relevant ROC and other regulatory/statutory authorities. Again, the directors are entitled to ensure that the activities of the company do not deviate from the rules and provisions given in its MOA and AOA. The company acts in a fully responsible and reliable manner without making any illegal or willful negligence of its obligations, primarily including disclosure of correct information (to all people and companies concerned) about its current financial status and business activities.

SOME OF THE EVENT BASED COMPLIANCES ARE:

The documentation and filing requirements for these kinds of event-based company compliances are different and need assistance from a business expert, CA, or CS.

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