Understand common obligations under the Companies Act 2013, CGST Act, Income-tax Act, and FEMA, and confirm company-specific requirements with qualified professionals.
Statutory Landscape
Statutory compliance spans different laws, portals, and filing calendars. This guide explains common obligations; applicability and deadlines must be confirmed for each company.
Form AOC-4 (financial statements), Form MGT-7 (annual returns), AGM conduct, and annual DIR-3 KYC director verifications.
Monthly GSTR-1 (outward supplies), GSTR-3B (summary & tax payment), and annual GSTR-9/9C reconciliation.
Mandatory Form FC-GPR within 30 days of foreign share allotment and annual FLA return by July 15 on RBI FLAIR portal.
Advance-tax instalments (15 Jun, 15 Sep, 15 Dec, 15 Mar; s.408), tax audit (s.63) and the income-tax return (s.263). Applicability depends on the entity's tax status.
Keep corporate and compliance material organised for investor and professional review.
Interactive timeline of every statutory deadline, legal citation, and penalty rule across MCA, GST, Tax, and FEMA.
Operating Model
We do not replace your CA or CS. We eliminate manual document chasing, status guessing, and surprise penalties.
Share the company information relevant to the current MCA and GST monitoring scope. We identify the obligations that need review.
LanceIQ supports MCA and GST monitoring. For other requirements, contact us to discuss current product and partner-professional coverage.
AI pre-assembles past filings, current books, and draft numbers into audit-ready packs with statutory citations.
Your partner CA, CS, or lawyer conducts final review, signs with their DSC, and files cleanly on government portals.
Product scope
| Area | What to confirm | LanceIQ today | Professional responsibility |
|---|---|---|---|
| MCA and GST | Applicable obligations and official-portal status | Monitoring and evidence preparation | Review and filing |
| Counterparty verification | Available GST, MCA, charge, court, and financial information | Staff-assisted Deep Report | Commercial and legal assessment |
| Evidence preparation | Company records and the applicable statutory position | Organised review material | Advice and final action |
| Other compliance areas | Company facts, current law, and transaction requirements | Discuss current coverage with LanceIQ | Qualified professional advice |
| Regulated final acts | Applicable signature, certification, and portal requirements | Preparation for review | CA, CS, or lawyer completes |
FAQ
Indian private limited companies must comply across five distinct statutory planes: (1) MCA / ROC (Annual General Meeting under Section 96, Form AOC-4 for financial statements under Section 137, Form MGT-7 for annual returns under Section 92, and annual DIR-3 KYC under Rule 12A), (2) GST (monthly GSTR-1 and GSTR-3B returns under Sections 37 & 39 of CGST Act), (3) Direct Tax under the Income-tax Act, 2025 from 1 April 2026 (advance-tax instalments under s.408, tax audit under s.63 and the income-tax return under s.263), (4) FEMA / RBI (Form FC-GPR upon foreign investment allotment and annual FLA returns by July 15), and (5) Statutory registers and labour codes.
LanceIQ currently provides MCA and GST monitoring, counterparty Deep Reports, and evidence preparation for professional review. A CA, CS, or lawyer remains responsible for regulated advice, final decisions, signatures, and filings. Contact LanceIQ to discuss coverage beyond the current product scope.
Late filing can attract additional fees under the Companies Act and rules. Section 164(2) can create director-disqualification consequences after three continuous financial years of the relevant filing defaults. The applicable fee and consequence should be confirmed against the current MCA position and company facts.
Regulated final acts and the required professional certifications must be handled by the appropriately authorised professional. LanceIQ supports monitoring and evidence preparation; the CA, CS, or lawyer retains judgment, review, signature, and filing responsibility.
Section 16(2)(aa) makes supplier invoice reporting and the recipient's GSTR-2B relevant to ITC eligibility. Eligibility depends on all statutory conditions and the company's facts, so it should be reviewed with a tax professional.
LanceIQ currently provides MCA and GST monitoring, counterparty Deep Reports, and evidence preparation for professional review. Contact us to discuss your company’s needs.