3 Major Compliances That You Should Carry Out After Incorporating A Company

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3 Major Compliances That You Should Carry Out
After Incorporating A Company
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With the conducive environment for startups,
new companies get incorporated every day. As a
newly incorporated company, it is very necessary
to get yourself acquainted with the compliances
that should be carried out post the incorporation
in order to make it run in a proper unified and
stable manner. Apart from that, there are the lot
of rules and regulations that a company has to
adhere so that the business can be carried out in
a smooth manner. Here are 3 major Compliances
that as a newly incorporated Company you should
carry out
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• Apply for PAN(Permanent Account Number) and
  TAN(Tax Deduction Number)
• The first and prime thing that you should do
  after incorporating your organization is to apply
  both for the PAN and TAN. Since the company
  becomes a separate entity, it is necessary to get
  it registered under the Income Tax Act.
• 2. Open a Companys Bank Account For Carrying out
  the Successful Transactions
• As soon as the PAN card is allotted, the company
  should open its bank account with the account
  number under the name of the Company. As a
  Company account Holder you are required to
  deposit documents like MOA (Memorandum of
  Association), AOA (Article of Association) and
  COT (Certificate of Incorporation) along with the
  requisite amount in the Companys bank account.

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3. Appoint an Auditor for the Company This is
one of the most important compliance, which
almost all the startups are failing to comply
with due to the lack of awareness. Under the
Companies Act of 2013, it is essential for a
company to appoint its first auditor within 30
days of the incorporation. If the board of
directors fails to do so, then they shall inform
the shareholders of the Company to appoint the
Companys auditor within 90 days in a general
meeting of members. So, these are some of the
essential compliances that you should follow
while incorporating your company. For More
Information, visit www.filingenie.com
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Thank You.