{"source":"LanceIQ Compliance Engine","url":"https://www.lanceiq.com","documentationUrl":"https://www.lanceiq.com/compliance","llmsUrl":"https://www.lanceiq.com/llms.txt","totalObligations":12,"obligations":[{"key":"gstr1","label":"GSTR-1 Outward Supplies","formName":"GSTR-1 / IFF","act":"Central Goods and Services Tax Act, 2017","section":"Section 37 read with Rule 59","governingAuthority":"GSTN","typicalDueRule":"11th of every month (Monthly filers) or 13th of month after quarter (QRMP)","penaltyOnDelay":"Late-fee rates and caps are prescribed by law and notifications. Delayed supplier reporting may affect a recipient's ITC visibility and eligibility under Section 16(2)(aa).","verifiableAgainstRegistry":true,"applicableTo":"All entities holding active GSTIN registration.","description":"Details of outward taxable supplies of goods or services. Supplier invoice reporting can affect the recipient's GSTR-2B and ITC review."},{"key":"gstr3b","label":"GSTR-3B Summary Return & Tax Payment","formName":"GSTR-3B","act":"Central Goods and Services Tax Act, 2017","section":"Section 39 read with Rule 61","governingAuthority":"GSTN","typicalDueRule":"20th of every month (Monthly filers) or 22nd/24th after quarter (QRMP)","penaltyOnDelay":"₹50/day late fee + 18% per annum interest on net tax payable in cash under Section 50(1).","verifiableAgainstRegistry":true,"applicableTo":"All active GST registered taxpayers.","description":"Summary return for self-assessment of input tax credit, outward supplies, and net cash tax remittance."},{"key":"agm","label":"Annual General Meeting (AGM)","formName":"Minutes & Resolution","act":"Companies Act, 2013","section":"Section 96 & Section 99","governingAuthority":"MCA","typicalDueRule":"Within 6 months from close of FY (30 Sept); 9 months for first financial year (31 Dec).","penaltyOnDelay":"Fine up to ₹1,00,000 + ₹5,000/day during continuance of default under Section 99.","verifiableAgainstRegistry":true,"applicableTo":"All Private and Public Limited Companies registered under Companies Act.","description":"Mandatory annual meeting of shareholders to adopt financial statements, directors report, and appoint auditor."},{"key":"aoc4","label":"AOC-4 Financial Statements Filing","formName":"Form AOC-4 / AOC-4 XBRL","act":"Companies Act, 2013","section":"Section 137 read with Rule 12 of Companies (Accounts) Rules, 2014","governingAuthority":"MCA","typicalDueRule":"Within 30 days of the AGM (typically October 30).","penaltyOnDelay":"Additional fees may apply. Three continuous financial years of relevant filing defaults can have Section 164(2) consequences; professional assessment is required.","verifiableAgainstRegistry":true,"applicableTo":"All registered private and public companies with CIN.","description":"Statutory filing of audited Balance Sheet, Profit & Loss Statement, Directors' Report, and Auditors' Report with the Registrar of Companies."},{"key":"mgt7","label":"MGT-7 Annual Return","formName":"Form MGT-7 / MGT-7A","act":"Companies Act, 2013","section":"Section 92 read with Rule 11 of Companies (Management and Administration) Rules, 2014","governingAuthority":"MCA","typicalDueRule":"Within 60 days of the AGM (typically November 29).","penaltyOnDelay":"₹100 per day additional fee without cap; officer in default liable to fine up to ₹50,000.","verifiableAgainstRegistry":true,"applicableTo":"All registered companies (MGT-7A for Small Companies & OPCs).","description":"Formal annual return detailing shareholding pattern, indebtedness, directors, members, and board meetings."},{"key":"dir3_kyc","label":"DIR-3 KYC Annual Director Verification","formName":"Form DIR-3 KYC / Web","act":"Companies Act, 2013","section":"Rule 12A of Companies (Appointment and Qualification of Directors) Rules, 2014","governingAuthority":"MCA","typicalDueRule":"On or before 30th September of every financial year.","penaltyOnDelay":"Immediate DIN deactivation; mandatory late fee of ₹5,000 per director to restore active status.","verifiableAgainstRegistry":true,"applicableTo":"Every individual holding a Director Identification Number (DIN).","description":"Mandatory annual identity verification for company directors. Deactivated DIN prevents signing any ROC e-forms."},{"key":"adt1","label":"ADT-1 Appointment of Statutory Auditor","formName":"Form ADT-1","act":"Companies Act, 2013","section":"Section 139(1) of Companies Act, 2013","governingAuthority":"MCA","typicalDueRule":"Within 15 days of the AGM where the statutory auditor is appointed.","penaltyOnDelay":"Tiered late filing fees up to 12 times the regular statutory filing fee.","verifiableAgainstRegistry":false,"applicableTo":"All private limited companies appointing or re-appointing auditors.","description":"Notice to ROC of appointment of chartered accountant firm as statutory auditor for up to a 5-year term."},{"key":"advance_tax","label":"Advance Tax Instalments","act":"Income-tax Act, 2025","section":"Sections 403, 404, 408, 424 and 425 (tax years from 1 April 2026)","governingAuthority":"ITD","typicalDueRule":"15 June (15%), 15 September (45%), 15 December (75%) and 15 March (100%) of the financial year (s.408(1)); assessees declaring presumptive income under s.58(2) pay the whole amount by 15 March (s.408(2)).","penaltyOnDelay":"Interest under s.424 (shortfall below 90% of assessed tax) and s.425 (deferment of instalments). Amounts depend on the facts.","verifiableAgainstRegistry":false,"applicableTo":"Any person whose advance tax payable for the year, computed under the Act, is ₹10,000 or more (s.404), subject to the Act's exceptions. Exempt entities may have no liability; applicability depends on the entity's tax status.","description":"Advance payment of income tax on current income in instalments during the financial year."},{"key":"tax_audit","label":"Tax Audit","act":"Income-tax Act, 2025","section":"Section 63 (tax years from 1 April 2026)","governingAuthority":"ITD","typicalDueRule":"The audit report is due by the specified date referred to in s.63, which is linked to the return due date. Confirm the date for your case with your CA.","penaltyOnDelay":"Consequences depend on the facts; confirm with your CA.","verifiableAgainstRegistry":false,"applicableTo":"Persons carrying on business or profession whose turnover or receipts exceed the thresholds in s.63 — not limited to companies.","description":"Audit of accounts by an accountant with a report furnished before the specified date."},{"key":"income_tax_return","label":"Income-tax Return","act":"Income-tax Act, 2025","section":"Section 263 (tax years from 1 April 2026)","governingAuthority":"ITD","typicalDueRule":"31 October for companies; 30 November where a report under s.172 is required; 31 October for other persons whose accounts must be audited under any law; 31 August for persons with business or profession income whose accounts are not required to be audited (and partners of such firms); 31 July for everyone else (s.263(1)(c), Income-tax Act 2025, as amended by the Finance Act 2026 — official consolidated text not machine-verified). Confirm the date for your case with your CA.","penaltyOnDelay":"Late-filing consequences depend on the facts; confirm with your CA.","verifiableAgainstRegistry":false,"applicableTo":"Companies, and other persons required to file under s.263 — including some exempt institutions.","description":"Annual return of income filed with the Income Tax Department."},{"key":"fc_gpr","label":"Form FC-GPR (Foreign Investment Allotment)","formName":"Form FC-GPR (FIRMS Portal)","act":"Foreign Exchange Management Act, 1999","section":"FEMA 20(R) / Non-Debt Instrument Regulations, 2019","governingAuthority":"RBI","typicalDueRule":"Generally not later than 30 days from the date of issue of equity instruments to a person resident outside India, where applicable.","penaltyOnDelay":"A delay can attract consequences under FEMA; the applicable process and amount require professional advice on the facts.","verifiableAgainstRegistry":false,"applicableTo":"Any Indian entity that issues equity shares or convertible securities to non-resident investors.","description":"Mandatory reporting to the Reserve Bank of India on the FIRMS portal with FIRC, valuation report, and CS certificate."},{"key":"fla_return","label":"Annual FLA Return (Foreign Liabilities & Assets)","formName":"FLA Return (FLAIR Portal)","act":"Foreign Exchange Management Act, 1999","section":"RBI Master Direction on Reporting under FEMA","governingAuthority":"RBI","typicalDueRule":"On or before 15th July of every year.","penaltyOnDelay":"A delay can attract consequences under FEMA; obtain professional advice on the applicable process.","verifiableAgainstRegistry":false,"applicableTo":"Indian entities with outstanding foreign assets or liabilities as at the end of March, subject to RBI's current criteria.","description":"Annual reporting of foreign assets and liabilities as of March 31 to the Reserve Bank of India."}],"productCoverage":{"current":["MCA and GST compliance monitoring","Counterparty Deep Reports","Evidence preparation for professional review"],"enquiries":"Contact LanceIQ to discuss coverage beyond the current product scope and partner-professional support."}}