Getting your OCR certificate is the beginning of compliance, not the end. Here's what needs to happen in the weeks that follow.
1. PAN Registration
Register for a Permanent Account Number (PAN) with the Inland Revenue Department — mandatory before any business activity, invoicing, or bank account opening.
2. Ward Office Registration
Register at the local Ward Office where your registered address is located, and pay applicable local business tax.
3. Open a Corporate Bank Account
Use your Certificate and PAN to open a company bank account — most banks require both documents plus board resolution.
4. Appoint Your First Auditor
The Board can appoint the company's first statutory auditor before the first AGM under Section 112 of the Companies Act, 2063 — this is not optional, even for dormant companies.
5. Certify the Share Lagat
Prepare and certify the Share Lagat (shareholder register), a foundational corporate record examined during every future audit.
6. Hold Your First AGM
An Annual General Meeting is required within six months of fiscal year end, and board meetings within 30 days of incorporation.
Company Sathi's post-registration support covers every item on this list so nothing slips through in your first year.
