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MCA Compliance – An Overview

MCA Compliance refers to the adherence to various regulations, filings, and laws stipulated by the Ministry of Corporate Affairs (MCA), governing corporate entities in India. These include annual filings, compliance reports, and adherence to various provisions of the Companies Act, 2013.

Mandatory Filings: Companies must file various forms annually to stay compliant, such as annual returns, financial statements, etc.
Director KYC: Directors of the company must complete their KYC with the MCA to avoid penalties.
Actionable Under Law: Non-compliance can result in penalties, fines, or even the deactivation of the company’s registration.

Documents Required for MCA Compliance

Company’s Incorporation Certificate
Financial Statements (Balance Sheet, Profit & Loss Account)
Director Identification Number (DIN) of Directors
KYC Details of Directors
Annual Return Filing Details

MCA Compliance Timeline

Companies must ensure the filing of their annual returns and financial statements within 30 days from the end of the financial year. Other filings, such as Director KYC, need to be completed by the due dates to avoid penalties.

Frequently Asked Questions

What is MCA Compliance?: MCA Compliance involves fulfilling all the requirements set by the Ministry of Corporate Affairs, including filing annual returns, financial statements, and adhering to corporate governance norms.
What are the penalties for non-compliance?: Failure to comply with MCA requirements can result in hefty fines, penalties, or even the deactivation of the company’s registration under the Companies Act, 2013.
Is Director KYC mandatory for MCA Compliance?: Yes, all directors must complete their KYC process on the MCA portal to remain compliant. Failure to do so can result in the director’s DIN being deactivated.