Section 8 companies are obligated to adhere to annual compliance requirements outlined in the Companies Act, 2013, and the Income Tax Act, 1961. Ensuring compliance is crucial to uphold their credibility and steer clear of potential penalties arising from any lapses. Complying with these obligations can be a labor-intensive and time-consuming endeavor.
Sujata Associates provides an all-encompassing annual compliance solution tailored specifically for Section 8 companies. Our package encompasses proficient management of these responsibilities, allowing you to redirect your time and efforts towards your company's primary operations.
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.