Section 8 Annual Maintenance Service

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A Section 8 company enjoys a separate legal status and to retain that it is required to be compliant with its annual compliance filings. At the year-end, once after the financials preparation and statutory income tax filing, a S.8 Company has to report its activities and position to Ministry of corporate affairs by filing applicable forms. Failure to follow such compliances leads to penal consequences and continuance of such failure disqualifies the Director's position as well as resulting in the removal of the company's name.


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Yes, every company has to compulsorily get its accounts audited by its statutory auditor every year, irrespective of whether the company has done the business or not. However, additionally a company has to get audited as per income tax act also if its turnover in the year exceeds a prescribed limit.

Yes, all the companies has to file annual returns with the ROC irrespective of whether the company has done business or not.

If the returns are not filed on time, it will attract additional fee as penalty. Moreover, the company and its directors may face further legal consequences. (1). The Company and its every officer who is in default shall be liable to a penalty of Rs.50,000.00. (2). In case of continuing failure, further penalty of Rs.100.00 for each day during which such failure continues, subject to a maximum of Rs.5,00,000.00. (1) The company shall be liable to a penalty of Rs.1000.00 for every day during which the failure continues but which shall not be more than Rs.10,00,000.00 (2) Every officer who is in default shall be liable to a penalty of Rs.1,00,000.00 (3) In case of continuing failure, further penalty of Rs.100.00 for each day during which such failure continues, subject to a maximum of five lakh rupees.