Lucknow Consultant

Business Compliance

Annual compliance refers to the various legal and regulatory requirements that a business or organization must fulfill on an annual basis in order to continue operating in Lucknow.

Legal Compliances for Different Forms of Business Entities in Lucknow:

  1. Sole Proprietorship:
  • PAN and TAN registration with the Income Tax Department
  • Register for Goods and Services Tax (GST)
  • Register for Professional Tax (if applicable)
  • Obtain Shop and Establishment License
  1. Partnership Firm:
  • PAN and TAN registration with the Income Tax Department
  • Register for Goods and Services Tax (GST)
  • Register for Professional Tax (if applicable)
  • Obtain Shop and Establishment License
  • File annual returns with the Registrar of Firms
  1. Limited Liability Partnership (LLP):
  • PAN and TAN registration with the Income Tax Department
  • Register for Goods and Services Tax (GST)
  • Register for Professional Tax (if applicable)
  • Obtain Shop and Establishment License
  • File annual returns with the Registrar of LLPs
  • File LLP agreement with the Registrar of LLPs
  1. Private Limited Company:
  • PAN and TAN registration with the Income Tax Department
  • Register for Goods and Services Tax (GST)
  • Register for Professional Tax (if applicable)
  • Obtain Shop and Establishment License
  • File annual returns with the Registrar of Companies (ROC)
  • File financial statements with the ROC
  • Conduct Annual General Meetings (AGMs)
  • File annual returns with the ROC
  1. Public Limited Company:
  • PAN and TAN registration with the Income Tax Department
  • Register for Goods and Services Tax (GST)
  • Register for Professional Tax (if applicable)
  • Obtain Shop and Establishment License
  • File annual returns with the Registrar of Companies (ROC)
  • File financial statements with the ROC
  • Conduct Annual General Meetings (AGMs)
  • File annual returns with the ROC
  • Comply with the listing agreements with the stock exchanges

Note: The above list is not exhaustive and the legal compliances may vary based on the nature and type of business. It is advisable to seek professional advice to ensure compliance with the relevant laws and regulations.