What is Annual Compliance Review?
An annual Compliance Review is a compliance review that all firms must hold at least once per year. All broker dealers are required to inspect all of its agents at least once per year to address the firm’s business practices and compliance procedures. If you have failed to comply with the requirement of compliance review you would end up paying heavy penalties (up to Rs. 1 lakh a year). In the worst scenario, such companies and their directors are even blacklisted for a short period of time.
Benefits
- Save yourself from the heavy penalty.
- Comply the statutory requirement.
FAQ
- What are the documents and records are to be maintained by the Private Limited Company?
Following are the documents and records are to be maintained by the Private Limited Company: Maintenance of books of accounts; Resolutions & Minutes of the Board Meeting and General Meetings; Share Register & Share Certificate.
- What are the statutory compliances required for a Private Limited Company?
A private limited company must hold a Board Meeting at least once in every 3 months. In addition to the Board Meetings, an Annual General Meeting must be conducted by the Private Limited Company, at least once in every year.
To apply For Annual Compliance Review Click here
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