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First-Year Compliance Bundle

Everything a new company must file in its first year, handled as one dated plan.

Reviewed by CA Hitendra Pal Singh· company law, tax and complianceLast reviewed

A newly incorporated company picks up a set of obligations before it has finished opening a bank account: INC-20A within 180 days, the first auditor within 30 days, statutory registers and the first board meeting, director KYC, and then the first AOC-4, MGT-7A and income tax return. Missing any one of them is where the ₹100-a-day fees begin. The bundle takes the whole first year as one plan dated to your incorporation, with a named person running it.

What is included

  • INC-20A commencement of business, within 180 days
  • First auditor appointment (ADT-1) within 30 days of incorporation
  • First board meeting minutes and statutory registers set up
  • DIR-3 KYC for every director
  • First AOC-4 financial statements and MGT-7A annual return
  • First income tax return (ITR-6) prepared and filed
  • A first-year calendar with every date, sent to you and kept in your app

What we will need from you

  • Certificate of Incorporation, MOA and AOA
  • Bank statement showing the subscription money received
  • Details of the proposed first auditor
  • PAN, Aadhaar and DSC of each director
  • Books or bank statements for the first financial year, once it ends

How long it takes

Runs from incorporation to the first annual filings, each dated to your incorporation date.

Timelines are typical, not guaranteed. Government processing times vary, and a query from the officer adds to them. We will tell you where yours stands.

Common questions

When does my first financial year end?

A company incorporated on or after 1 January closes its first financial year on 31 March of the following year, so it can run up to fifteen months. One incorporated between April and December closes on the coming 31 March. We date your calendar to whichever applies.

Do I need an audit with no revenue?

Yes. Every company must appoint an auditor and have its first-year statements audited regardless of turnover. The audit fee is the auditor’s and sits outside this bundle.

Is this the same as ROC Annual Filing?

It contains it. ROC Annual Filing is the recurring cycle from year two; the bundle adds the one-time first-year items — INC-20A, the first auditor, the registers — that a new company also owes.