Steps to be followed post company Incorporation

Have you completed your company incorporation or company registration? Do you want to know about the important steps to be taken after the incorporation of your company? What to do after the incorporation of a company? 

There are 7 important steps everyone needs to take after the incorporation of a company. The Company Act 2013 controls & maintains the incorporation of a company, online company registration, responsibilities & duties of a company, directors & dissolution of a company. This act has many rules & regulations that every company needs to follow. 

Important Steps To Be Taken After The Incorporation Of A Company/Online Registration Of Company – 

First Board Meeting – 

• Section 173 of the Companies Act, 2013 ( Meetings of Board ) – Every company must have to hold the first board meeting within 30 days of the company incorporation date. 
• Also, they have to hold 4 meetings of the board of directors within a year. 
• The maximum gap between two consecutive meetings should not be more than 120 days.  

Official & Registered Office Of A Company – 

• Section 12 of the Companies Act, 2013 ( Registered office of the company ) – Every company must have a registered office within 15 days of the incorporation of the company. 
• This official address of the company can be used for receiving & acknowledging all the notices & communications. 

Auditor Of A Company – 

• An auditor is a trained professional who maintains, reviews & verifies the correctness of the records maintained by different companies.
• They help the companies to fulfill the tax laws & prevent companies from fraud. 
• As per section 139 of the Companies Act, 2013 – In the case of private companies, the first auditor must be appointed by the board of directors with 30 days of the company registration date.  

Interest Disclosure By The Director Of Companies – 

• Section 184 of the Companies Act, 2013  ( Disclosure of the interest by the director of the company ) –  In the first board meeting of every financial year, the board director must have to disclose the interest or concern of the company/firms or association. 

Register Of Members, etc – 

• Every company must have to maintain a register of members 
• This register contains details of the share-holders & security-holders of the company 
• Incorporation of the private limited company or online registration of the company is important

The Certificate Of Share

• The certificate of share is documentary evidence given by the company.
•  Every company must have to issue the certificate of share to the shareholder within 30 days of the incorporation date of the company. 

The Declaration Of Commencement Of Business Certificate

• The director of the company issues the declaration of commencement of business within 180 days of the incorporation date of the company.  
• The company needs to file this certificate of commencement of business along with Form 20 A. 

I hope you have completely understood all the important steps a company & its directors should take after the company incorporation. If you have any queries related to company matters, you can easily talk to our advisors on our helpline number. Contact+ 91-8800788535 | Email: care@leadindia.law