Company Registration in India Done? 5 Mandatory Compliances You Must Complete in 30 Days

Congratulations on starting your new business!

Registering your company in India is big achievement. It shows your vision, hard work and commitment to building something of your own. If you are launching startups, small business or growing enterprise, this is exciting beginning

But after this milestone, there are few important steps you must take. Many business owners think that company registration is final step. It is just start, the next 30 days are very important for setting your business correctly.

To help you stay on track, this blog will guide you through 5 mandatory compliances after company registration in India. These steps are simple but very important to avoid penalties and keep your business running smoothly.

After your company registration in India is done you receive Certificate of Incorporation (COI) from Ministry of Corporate Affairs (MCA) your company gets Corporate Identification Number (CIN) and you are officially private limited company, public company, or one-person company under Companies Act 2013.

But here is what most founders do not know that Companies Act 2013 and MCA rules have several mandatory post-incorporation requirements that must be completed within 30 days, others within 60 days. Missing these deadlines can result in heavy financial penalties, director disqualification or even company strike-off.

A newly registered company must obtain its Permanent Account Number (PAN) and Tax Deduction Account Number (TAN) from the Income Tax Department. Without PAN, you cannot open bank account, file income tax returns, or do most financial transactions. Without TAN, you cannot deduct TDS (Tax Deducted at Source) from salaries, professional fees, and rent.

if you registered your company through SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus) form on MCA portal, PAN and TAN are now auto-generated at time of incorporation itself and PAN details are mentioned on Certificate of Incorporation.

If your business involves supply of goods or services, you should also apply for GST registration if your annual turnover is expected to cross ₹40 lakh (for goods) or ₹20 lakh (for services). For e-commerce sellers and businesses making interstate supplies, GST registration is mandatory after Company Registration from day one in case of turnover.

The very first practical step after incorporation is opening current bank account in company’s name. All business transactions receiving payments, paying salaries, vendor bills, and collecting share subscription money all must done through this account. Mixing company funds with founder’s personal account is one of the most common and costly mistakes new business owners make.

Most leading banks in India  SBI, HDFC, ICICI, Kotak, Axis, and YES Bank will open current account once you submit your incorporation documents along with board resolution authorizing the bank account opening and nominating the authorized signatories.

Documents typically required:
Certificate of Incorporation, MOA & AOA, Board resolution for bank account, PAN of the company, KYC of directors

Pro Tip: Many banks now offer zero-balance current accounts for startups, along with free NEFT/RTGS transactions and support from dedicated relationship managers. Before opening an account, compare options from banks like Kotak, RazorpayX, and HDFC. Choose one with low minimum balance requirements and good online banking features to make managing your business easier.

Under Section 173(1) of  Companies Act, 2013, every company must hold its first Board Meeting within 30 days from date of incorporation. This is not optional, it is a legal requirement.

In this meeting, board of directors will formally appoint first auditor of company (within 30 days, this is board decision, not shareholder vote), approve company’s registered office address, open bank accounts, authorize directors to operate accounts, approve common seal, and pass all other necessary resolutions. The notice for this meeting must be sent at least 7 days before meeting date. You also need to prepare and maintain proper minutes of  meeting, which become part of company’s permanent records.

Note:  Appoint Chartered Accountant or Cost Accountant as your company’s first auditor during very first Board Meeting. This appointment should then be approved by shareholders in the Annual General Meeting (AGM). If you don’t appoint auditor within 30 days, the Central Government will step in and appoint one for you, which is best avoided.

One of the first things after Company Registration must do is issue share certificates to all its subscribers (the people who signed Memorandum of Association). Under Section 56(4) of Companies Act, 2013, share certificates must be issued within 60 days of date of incorporation.

Each certificate should contain shareholder’s name, address, number of shares held, face value, and date of issue. The certificate must be signed by at least two directors and, where applicable, the Company Secretary. You must also update the Register of Members (Form MGT-1) with details of all shareholders on this date.

This is most important and most commonly missed compliance after Company Registration. Under Section 10A of Companies Act, 2013 (inserted by Companies Amendment Act, 2019), every company that has share capital must file Form INC-20A within 180 days of incorporation.

In this form, each director of company declares that every subscriber to Memorandum of Association has paid value of shares agreed to be taken by them. Simply put: the money for shares must be deposited into company’s bank account, and you must submit bank statement as proof.

Failing to file INC-20A is treated very seriously. The Registrar of Companies (ROC) has power to initiate removal of company’s name from register if this declaration is not filed. It must be certified by practicing Company Secretary or Chartered Accountant.

The 30-day compliance calendar after Company Registration

• Day 0,  Date of Incorporation
  Receive Certificate of Incorporation, CIN, PAN & TAN from MCA portal via SPICe+.
• Within 7 Days
  Open company’s current bank account. Send notice for first Board Meeting (required at least 7 days before the meeting). Apply for GST registration if applicable.
• Within 30 Days
  Hold first Board Meeting. Appoint first statutory auditor. Authorize bank account signatories. Begin accepting share subscription money from subscribers.
• Within 60 Days
  Issue share certificates to all subscribers. Update Register of Members (MGT-1).
• Within 180 Days
  File INC-20A  Declaration of Commencement of Business with proof of bank deposit from each subscriber.

Other compliance task you should not miss after Company Registration

1. Professional Tax Registration
   Depending on state where your business operates, you may need to register for Professional Tax. This is mandatory for compliance with state-level regulations and employee payroll.What happens if you miss these deadlines?
   
2. Shops and Establishment License
   If your business has physical office or commercial space, obtaining Shops and Establishment License is mandatory. It ensures your workplace complies with labor laws and local regulations.
   
3. MSME Registration (Udyam)
   Registering under the Micro, Small, and Medium Enterprises (MSME) scheme provides several benefits, including easier access to government loans, subsidies, and schemes to support business growth.

What happens if you miss these deadlines?

The government takes post-registration compliance very seriously. Missing important deadlines can lead to fines and legal issues. Here’s simple breakdown of what can happen if you skip key tasks:

First Board Meeting not held: Every officer responsible can be fined ₹25,000. If delay continues, an extra ₹5,000 per day may apply.

INC-20A not filed: The company can be fined ₹50,000, and each director can be fined ₹1,000 per day (up to ₹1 lakh). The company also cannot officially start business or borrow money.

Share certificates not issued on time: The company and officers responsible can face fines up to ₹25,000.

Auditor not appointed: Each officer can be fined ₹25,000, plus ₹500 per day if delay continues.

missing these deadlines can be costly and may delay your business operations. Completing all post-registration tasks on time keeps your company safe and running smoothly.

Final Thoughts

Starting company is proud moment, but staying compliant is what truly helps your business grow and stay safe in long run. Company Registration is just first step how you manage next few weeks will decide how strong your business foundation is.

The first 30 days are very important after Company Registration. Completing these tasks on time will help you:

• Avoid penalties
• Build trust with clients and partners
• Run daily operations smoothly
• Prepare for future growth and funding

It also helps you stay stress-free, as you won’t have to worry about last-minute filings or legal issues later. A well-organized start makes it easier to manage taxes, accounts, and business decisions going forward.

Always take guidance and Expert support like IndiaCorporates which can save you time, reduce errors, and keep your business fully compliant.

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