Event-Based Compliances for Companies - An Overview

Event-based compliances are mandatory compliances which are apart from the usual and mandatory periodical and annual compliances made by the company with ROC and other concerned administrative authorities. This event-based compliance is compliance-related to any extrinsic events, unforeseen tasks or new dimensions of an organization. To stay legally comprehensive, explore various event-based company compliances. During the registration process for a new business, the procedure seems to be the most important part. However, once a private limited company is incorporated under the provisions of the Companies Act 2013, it needs to have a lot of abilities on several juncture occasions.

In stock, event-based company compliances are frequent, one-time, or occasional statements or agreements, which are both needed by the authorized laws or are desirable to stay legally perfect and secured. Each and every change in any registered documents associated with the organization is to be filed suitably to the authorized ROC and other regulatory or statutory authorities. Additionally, the directors of the company must be sure that the business activities of the company do not divert from the rules and regulations mentioned in its AOA and MOA. The company works in a fully reliable and responsible manner without making any willful or illegal negligence of its duties and responsibilities, primarily including disclosure of correct information related to the concerned people and companies and about its business activities and current financial status.

Event-Based Compliances by Different Companies as per the Companies Act 2013

This particular section deals solely with the various event-based compliances by different types of companies to be made under all the rules, provisions, and regulations related to the Indian Companies Act of 2013, the Securities and Exchange Board of India (SEBI), RBI, FEMA, and various relevant Legal Acts and Statutes. The Chennai-based and nationally famous law firm has a flowery pool of well-knowledged and veteran corporate lawyers, Company Secretaries, Chartered Accountants, Intellectual Property Lawyers, and other legal professional people to help and guide in all different types of companies in executing timely and perfect their respective event-based compliances with the regulatory and governmental authorities.

Based upon the type of a company and its particular business and service activities, reporting or compliances associated with the bulk of most of the following adventitious or contingent tasks, events, or business activities may be required:

Obtaining DSCs, DINs, DPINs, and so on.
Keeping and Updating Statutory Records and Registers
Removing or Adding a Director or Designated Partner
Drafting Resolutions/Minutes associated with the Board / Committee/ General Meetings
Changing the Name or Address of the company
Modification in the MOA and AOA or LLP Agreement
Changing the Company’s Authorized Capital
Changing in Bank Signatories
Resignations and Appointments of Directors/Auditors
Issuing or Allotment or Transfer of Company Shares
Share transfer or transactions and Issuance of Share Certificates
Expansion or Diversification of Business/Service
Sub-division or Share Consolidation
Business Transformation or Restructuring of the business
Accomplishing Appropriate Agreement with Related Parties
Right Issues
Private Placements
ROC Compliances Auditing
Disqualified Directors
Getting or Updating the Licenses needed by the company
Drafting or making Amendments to several Contracts of the organization with Outside people or entities
Registration, Protection and Maintenance of the referred Intellectual Property Rights
Due Diligence and related Compliances related to Mergers & Acquisitions, Joint Venture, FDI, and so on.
Contingent Compliances associated with Stock Exchanges, IPO and various relevant Provisions, Rules and Regulations of the SEBI
Compliances related to FDI in India, like those under RBI, FEMA, and so on
Winding-up of Company
Credit Monitoring Assessment (CMA)
Any adventitious compliances or statements or reporting as per the Tax Departments or GSTN
Event-based compliances under various referred authorities, laws and regulatory bodies (such as maritime & admiralty law, corporate and commercial laws, labour & employment laws, intellectual property laws, environmental laws, and so on.)
Any advisable or wise compliances based on the Secretarial Standards I and II.
And compliances and reporting related to other contingent events and occurrences related to the internal and external business activities and management, including the overall corporate governance.

Event-based ROC Compliances directed at a Private Limited Company

There are various compliance forms that are expected to be submitted by a private limited company to acquaint the ROC regarding the modification or alternation or changes made within the Company. Some of the event-based tractability is mentioned below with the relevant form to be filed:

Frequently Asked Questions