Section 8 companies are required to follow annual compliance obligations as specified in the Companies Act, 2013, and the Income Tax Act, 1961. This is essential to maintain their credibility and avoid penalties that may result from non-compliance. Meeting these obligations can be both demanding and time-consuming.
Sujata Associates offers a comprehensive annual compliance package specifically designed for Section 8 companies. This package includes expert handling of these responsibilities, freeing up your time and energy to focus on your company's core activities.
Non-compliance may lead to penalties ranging from ₹25,000/- to ₹5,00,000/- and/or imprisonment. It can also lead to the company and its directors being blacklisted for some time.