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What Is Post Compliance And How Does It Work with Mandatory Post-Incorporation Compliances

3 things to do for post-compliance

1. INC 20A - Also known as the commencement of business
First, open a current bank account in the name of the company then submit an amount in the bank account also known as paid-up capital. For example, If a company has 2 partners each with 50% stakeholding and the paid-up capital is 50 thousand then the partners have to submit 25 thousand each in the bank account. Then fill INC 20A form This means you have declared that as per the information you have submitted the paid-up capital in your bank account.

2. First Auditor Appointment(ADT-1)
ADT-1 is to be filled within 15 Days from the first board meeting of the company, which is required to be held within 30 Days of the incorporation in which the auditor is appointed by the board of directors of the company.

3. Franking and Stamping
Franking is proof that indicates that any duty related to stamping has been paid by the home buyer.
Stamping is the payment of the duty that proves that your property documents are legal.
After franking and stamping you get the issue of a share certificate.

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