Globex Holdings Setting Up: Business Presence in India | Page 9

REGULATORY COMPLIANCE >>

COMPANIES Two main forms - Private Limited Company (' PVT ') and Public Limited Company (' LTD '). PVT is the most common form for an international subsidiary .
Audited accounts are filed annually on public record with the Registrar of Companies (' RoC '), in a format set out under the Indian law and Indian Accounting Standards , within a set time scale . Companies also file an Annual Return which gives detail of shareholders and directors . st st
Businesses are required to follow fiscal year i . e . April 1 to March 31 , for compliance under the Indian Income tax laws .
REGULATORY MATTER CORPORATE LAW
DUE DATE
Board Meeting Quarterly ( calendar year basis )
Annual General Meeting (' AGM ')
Within 180 days of closing the
( adoption of financials )
accounts
Annual Return with the RoC INCOME TAX
Within 30 days of holding the AGM
th th
Corporate Tax Return September 30 / November 30
th
Tax Audit Report September 30
th
Transfer Pricing Report November 30 TDS Returns ( Tax Withholding )
Quarterly
st
Employee Tax Return July 31 th th
SERVICE TAX October 25 & April 25