What Are The Benefits Of Company ROC Event Based Compliances?

What are ROC event based compliances?

The Event-Based Compliances are those mandatory compliances which are other than the usual and mandatory annual and periodical compliances made by the organization with ROC and other administrative authorities..

What are the benefits of company ROC annual compliances?

What are Benefits of Annual Compliance of a Private Limited Company?Separate Legal Entity. A company is a separate legal entity and a juristic person under the Act. … Share Transfer Ability. One of the main benefit of Annual compliance of a Private Limited Company is Share Transfer ability. … Perpetual Succession.

What is ROC of a company?

Registrars of Companies (ROC) appointed under Section 609 of the Companies Act covering the various States and Union Territories are vested with the primary duty of registering companies and LLPs floated in the respective states and the Union Territories and ensuring that such companies and LLPs comply with statutory …

What is compliance for companies?

The definition of compliance is “the action of complying with a command,” or “the state of meeting rules or standards.” In the corporate world, it’s defined as the process of making sure your company and employees follow all laws, regulations, standards, and ethical practices that apply to your organization and …