{"id":866,"date":"2022-05-03T15:26:09","date_gmt":"2022-05-03T09:56:09","guid":{"rendered":"https:\/\/www.techandtrain.com\/blog\/?p=866"},"modified":"2025-10-22T14:54:26","modified_gmt":"2025-10-22T09:24:26","slug":"compliance-in-private-limited-firms-part-1","status":"publish","type":"post","link":"https:\/\/www.techandtrain.com\/blog\/2022\/05\/compliance-in-private-limited-firms-part-1\/","title":{"rendered":"Compliance in Private Limited firms &#8211; Part 1"},"content":{"rendered":"\n<p>Most questions that employees raise are around culture, benefits and salary (CTC) in firms. There is a large space of compliances and other work that business owners, investors &amp; stakeholders need to manage.<\/p>\n\n\n\n<p>To start with &#8211; various types of firms exist, will not be explaining those in detail here but listing them for reference: Proprietorship, OPC, Private Limited, Partnerships, LLP, Public Limited and so on.<\/p>\n\n\n\n<p>Intention of this blog is to provide a list of compliances that a private limited firm needs. This will be a helpful guide for those intending to setup their own firm.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Annual filings with Ministry of Corporate Affairs<\/li><li>MCA registration for firm<\/li><li>Income Tax<\/li><li>GST<\/li><li>Professional tax<\/li><li>Medical Insurance<\/li><li>Group Life Insurance<\/li><li>EPF &amp; EPS<\/li><li>Udyam<\/li><li>Board meetings<\/li><li>Balance sheet, income statements &amp; accounting<\/li><li>Appointment of CA &amp; CS<\/li><li>Director registration with MCA<\/li><li>AOA &amp; MOA<\/li><li>Shops &amp; Establishments Act<\/li><li>Trademarks<\/li><li>Patents<\/li><li>Digital Certificates<\/li><li>Bank accounts<\/li><li>Salaries<\/li><li>ESIC<\/li><li>Shram Suvidha<\/li><\/ul>\n\n\n\n<p>Each of the topics above is a discussion in itself which we will explore in other parts of this blog sometime in future.<\/p>\n\n\n\n<p>Email me: Neil@HarwaniSystems.in<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Most questions that employees raise are around culture, benefits and salary (CTC) in firms. There is a large space of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":867,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[54],"tags":[205,207,206,55],"class_list":["post-866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup","tag-compliance","tag-opc","tag-private-limited","tag-startup"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.techandtrain.com\/blog\/wp-content\/uploads\/2022\/05\/Coffee.jpg?fit=1920%2C1280&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7do02-dY","jetpack-related-posts":[{"id":185,"url":"https:\/\/www.techandtrain.com\/blog\/2018\/05\/how-to-build-a-lean-startup-in-tier-2-3-cities-in-india-part-1\/","url_meta":{"origin":866,"position":0},"title":"How to build a lean startup in a Tier 2 or 3 city in India ? &#8211; Part 1","author":"Neil Harwani","date":"May 29, 2018","format":false,"excerpt":"If you are exploring an option to start an IT \/ Digital startup in a Tier 2 or 3 city in India and are searching for some advice on how to do that in a lean, cost controlled way - here is some help: Register your company preferably in one\u2026","rel":"","context":"In &quot;Innovation&quot;","block_context":{"text":"Innovation","link":"https:\/\/www.techandtrain.com\/blog\/category\/innovation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.techandtrain.com\/blog\/wp-content\/uploads\/2018\/05\/StartUp.jpg?fit=1152%2C742&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.techandtrain.com\/blog\/wp-content\/uploads\/2018\/05\/StartUp.jpg?fit=1152%2C742&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.techandtrain.com\/blog\/wp-content\/uploads\/2018\/05\/StartUp.jpg?fit=1152%2C742&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.techandtrain.com\/blog\/wp-content\/uploads\/2018\/05\/StartUp.jpg?fit=1152%2C742&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.techandtrain.com\/blog\/wp-content\/uploads\/2018\/05\/StartUp.jpg?fit=1152%2C742&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":1172,"url":"https:\/\/www.techandtrain.com\/blog\/2023\/11\/deepfakes-primer-part-1\/","url_meta":{"origin":866,"position":1},"title":"Deepfakes primer &#8211; Part 1","author":"Neil Harwani","date":"November 21, 2023","format":false,"excerpt":"Currently since few days topic of discussion has been Deepfakes. In that context, find below a compilation of definition, tips, articles and companies working on detecting Deepfakes. As per Wikipedia, Deepfakes are - \"Deepfakes\u00a0(portmanteau\u00a0of \"deep learning\" and \"fake\"[1]) are\u00a0synthetic media[2]\u00a0that have been digitally manipulated to replace one person's likeness convincingly\u2026","rel":"","context":"In &quot;Deepfakes&quot;","block_context":{"text":"Deepfakes","link":"https:\/\/www.techandtrain.com\/blog\/category\/deepfakes\/"},"img":{"alt_text":"Credits: www.pixabay.com","src":"https:\/\/i0.wp.com\/www.techandtrain.com\/blog\/wp-content\/uploads\/2023\/11\/Fake.jpg?fit=1200%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.techandtrain.com\/blog\/wp-content\/uploads\/2023\/11\/Fake.jpg?fit=1200%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.techandtrain.com\/blog\/wp-content\/uploads\/2023\/11\/Fake.jpg?fit=1200%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.techandtrain.com\/blog\/wp-content\/uploads\/2023\/11\/Fake.jpg?fit=1200%2C1200&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.techandtrain.com\/blog\/wp-content\/uploads\/2023\/11\/Fake.jpg?fit=1200%2C1200&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":1023,"url":"https:\/\/www.techandtrain.com\/blog\/2023\/01\/business-process-reengineering-with-a-fictional-information-technology-company\/","url_meta":{"origin":866,"position":2},"title":"Business Process Reengineering with a fictional Information Technology company","author":"Neil Harwani","date":"January 29, 2023","format":false,"excerpt":"Here is a fictional case study for a business process reengineering class exercise in MBA \/ PGDM \/ PGPM classroom. We look at the three phases of an IT founder driven successful startup. Typically, many startups go through these phases. Such examples can be found in many news articles related\u2026","rel":"","context":"In &quot;Business Process Re-engineering&quot;","block_context":{"text":"Business Process Re-engineering","link":"https:\/\/www.techandtrain.com\/blog\/category\/business-process-re-engineering\/"},"img":{"alt_text":"Credit: www.Pixabay.com","src":"https:\/\/i0.wp.com\/www.techandtrain.com\/blog\/wp-content\/uploads\/2023\/01\/coffee-g24646cac8_1920.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.techandtrain.com\/blog\/wp-content\/uploads\/2023\/01\/coffee-g24646cac8_1920.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.techandtrain.com\/blog\/wp-content\/uploads\/2023\/01\/coffee-g24646cac8_1920.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.techandtrain.com\/blog\/wp-content\/uploads\/2023\/01\/coffee-g24646cac8_1920.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.techandtrain.com\/blog\/wp-content\/uploads\/2023\/01\/coffee-g24646cac8_1920.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":801,"url":"https:\/\/www.techandtrain.com\/blog\/2022\/01\/my-2021-calendar-year-review\/","url_meta":{"origin":866,"position":3},"title":"My 2021 calendar year review","author":"Neil Harwani","date":"January 4, 2022","format":false,"excerpt":"I haven't written any reviews for my years in the past. So this year I am writing a brief review for 2021, the year that just went by. Here is a list of things that happened in the year 2021. Year started with vaccinations starting worldwide and a sense of\u2026","rel":"","context":"In &quot;Yearly Review&quot;","block_context":{"text":"Yearly Review","link":"https:\/\/www.techandtrain.com\/blog\/category\/yearly-review\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.techandtrain.com\/blog\/wp-content\/uploads\/2022\/01\/Year.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.techandtrain.com\/blog\/wp-content\/uploads\/2022\/01\/Year.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.techandtrain.com\/blog\/wp-content\/uploads\/2022\/01\/Year.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.techandtrain.com\/blog\/wp-content\/uploads\/2022\/01\/Year.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.techandtrain.com\/blog\/wp-content\/uploads\/2022\/01\/Year.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":483,"url":"https:\/\/www.techandtrain.com\/blog\/2019\/07\/list-of-things-needed-to-create-a-startup-in-india-in-it-products-services-area-part-2\/","url_meta":{"origin":866,"position":4},"title":"List of things needed to create a startup in India in IT products \/ services area &#8211; Part 2","author":"Neil Harwani","date":"July 3, 2019","format":false,"excerpt":"Many students in management and other advanced courses struggle with details on how to start their entrepreneurial journey. Questions around cost, process, steps, office, digital \/ software items needed, etc. keep them confused and away from taking the first step. In that series, I had posted a blog \/ article\u2026","rel":"","context":"In &quot;StartUp&quot;","block_context":{"text":"StartUp","link":"https:\/\/www.techandtrain.com\/blog\/category\/startup\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.techandtrain.com\/blog\/wp-content\/uploads\/2019\/07\/Enterprenourship.jpg?fit=960%2C637&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.techandtrain.com\/blog\/wp-content\/uploads\/2019\/07\/Enterprenourship.jpg?fit=960%2C637&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.techandtrain.com\/blog\/wp-content\/uploads\/2019\/07\/Enterprenourship.jpg?fit=960%2C637&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.techandtrain.com\/blog\/wp-content\/uploads\/2019\/07\/Enterprenourship.jpg?fit=960%2C637&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":445,"url":"https:\/\/www.techandtrain.com\/blog\/2019\/04\/how-i-scaled-my-startup\/","url_meta":{"origin":866,"position":5},"title":"How I scaled my startup ?","author":"Neil Harwani","date":"April 9, 2019","format":false,"excerpt":"As a starting point, I never wanted my startup to scale with the philosophy of people increasing linearly with revenue. What I wanted to build right from beginning was a startup focused on one of my passions which is education with right philosophy and associated people who have similar goalsMy\u2026","rel":"","context":"In &quot;Entrepreneurship&quot;","block_context":{"text":"Entrepreneurship","link":"https:\/\/www.techandtrain.com\/blog\/category\/entrepreneurship\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.techandtrain.com\/blog\/wp-content\/uploads\/2019\/04\/Business-Plan.jpg?fit=1200%2C730&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.techandtrain.com\/blog\/wp-content\/uploads\/2019\/04\/Business-Plan.jpg?fit=1200%2C730&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.techandtrain.com\/blog\/wp-content\/uploads\/2019\/04\/Business-Plan.jpg?fit=1200%2C730&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.techandtrain.com\/blog\/wp-content\/uploads\/2019\/04\/Business-Plan.jpg?fit=1200%2C730&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.techandtrain.com\/blog\/wp-content\/uploads\/2019\/04\/Business-Plan.jpg?fit=1200%2C730&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.techandtrain.com\/blog\/wp-json\/wp\/v2\/posts\/866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.techandtrain.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.techandtrain.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.techandtrain.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.techandtrain.com\/blog\/wp-json\/wp\/v2\/comments?post=866"}],"version-history":[{"count":4,"href":"https:\/\/www.techandtrain.com\/blog\/wp-json\/wp\/v2\/posts\/866\/revisions"}],"predecessor-version":[{"id":875,"href":"https:\/\/www.techandtrain.com\/blog\/wp-json\/wp\/v2\/posts\/866\/revisions\/875"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.techandtrain.com\/blog\/wp-json\/wp\/v2\/media\/867"}],"wp:attachment":[{"href":"https:\/\/www.techandtrain.com\/blog\/wp-json\/wp\/v2\/media?parent=866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.techandtrain.com\/blog\/wp-json\/wp\/v2\/categories?post=866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.techandtrain.com\/blog\/wp-json\/wp\/v2\/tags?post=866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}