Which compliances apply to my business in India?

It depends on your business type, turnover, sector, and employee count. ComplianceSearch.in checks 77+ rules — including GST, Income Tax, PF/ESIC, FSSAI, Factories Act, FEMA, CSR and more — and tells you exactly which ones apply.

Is ComplianceSearch.in free to use?

Yes, ComplianceSearch.in is completely free. Answer a few questions about your business and get an instant, categorized compliance report with PDF download.

What is statutory compliance in India?

Statutory compliance refers to the legal obligations a business must fulfill under various Indian laws — such as GST registration, TDS filing, PF/ESIC registration, annual ROC filings, labour law registrations, and industry-specific licenses like FSSAI, Drug License, or Factory License.

What compliances does a Private Limited Company need in India?

A Pvt Ltd company typically needs: GST registration, Income Tax (ITR-6), TDS, PF/ESIC, Annual ROC filings (AOC-4, MGT-7), DPT-3, Board meetings, Auditor appointment, and more depending on turnover and sector.

Schedule III Division I Live — 5 More Formats Coming Soon

Prepare Balance Sheet

Schedule-based financial statement preparation. Fill notes → Balance Sheet, P&L, and Cash Flow Statement auto-generate. All 2021 mandatory disclosures included.

28+

Schedules

Mandatory Ratios

2021

Amendment Ready

Auto

Cash Flow

Choose Format

→

Company Setup

→

Fill Notes (1–28)

→

Auto-Validation

→

BS + P&L + CF

Choose the applicable format for your company

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Schedule III — Division I

Non-Ind AS (AS Standards)

Available

For companies following Indian Accounting Standards (AS). Applicable to most Private Limited, OPC, and Section 8 Companies. Latest format as per MCA GSR 207(E) dated 24 March 2021.

Applicable to

Private Limited CompaniesOPCSection 8 CompaniesProducer Companies

Standard: Companies Act 2013 — Schedule III Part I & II
Latest Amendment: MCA Notification GSR 207(E) — 24 March 2021

Prepare Balance Sheet →

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Schedule III — Division II

Ind AS Companies

Coming Soon

For companies mandatorily following Indian Accounting Standards (Ind AS). Applicable to listed companies and companies meeting the threshold criteria.

Applicable to

Listed CompaniesCompanies with Net Worth ≥ ₹250 CrCompanies with Turnover ≥ ₹500 Cr

Standard: Companies (Ind AS) Rules 2015
Latest Amendment: Ind AS Framework

🔒 Coming Soon

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Schedule III — Division III

Non-Banking Financial Companies (NBFCs)

Coming Soon

For NBFCs following Ind AS. Specific format for financial institutions with unique asset classifications and regulatory requirements.

Applicable to

NBFCs following Ind ASMicro Finance InstitutionsHousing Finance Companies

Standard: Companies (Ind AS) Rules 2015 — Division III
Latest Amendment: As amended

🔒 Coming Soon

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Banking Companies Format

Third Schedule — Banking Regulation Act

Coming Soon

For banking companies under the Banking Regulation Act 1949. Specific balance sheet and P&L format for commercial banks.

Applicable to

Commercial BanksCooperative BanksRRBs

Standard: Banking Regulation Act 1949 — Third Schedule
Latest Amendment: As amended by RBI

🔒 Coming Soon

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Insurance Companies Format

IRDA Regulations

Coming Soon

For insurance companies regulated by IRDAI. Revenue accounts, P&L account, and balance sheet as per IRDA (Preparation of Financial Statements) Regulations 2002.

Applicable to

Life Insurance CompaniesGeneral Insurance CompaniesHealth Insurance Companies

Standard: IRDA Regulations 2002
Latest Amendment: As amended by IRDAI

🔒 Coming Soon

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LLP Format

Limited Liability Partnership

Coming Soon

For LLPs under the Limited Liability Partnership Act 2008. Statement of Accounts and Solvency (Form 8) format.

Applicable to

Limited Liability PartnershipsLLP with turnover > ₹40 lakhs

Standard: LLP Act 2008 — Form 8
Latest Amendment: LLP Rules 2009

🔒 Coming Soon

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NCE Financials

Non-Corporate Entities

Available

For Proprietorship, Partnership Firms, LLPs, HUFs, Trusts, and Associations. Based on ICAI Guidance Note on Financial Statements for Non-Corporate Entities.

Applicable to

Proprietorship FirmsPartnership FirmsLLPsHUFTrustsAssociations / BOI

Standard: ICAI Guidance Note — Non-Corporate Entities
Latest Amendment: As per ICAI Guidance Note 2023

Prepare NCE Financials →

What Schedule III Division I Generates

All mandatory statements + disclosures as per Companies Act 2013 and MCA 2021 amendment

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Balance Sheet (Part I)

Equity & Liabilities + Assets as per Schedule III format. Real-time balance check — Assets must equal Liabilities.

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Statement of P&L (Part II)

Revenue, expenses, and profit in Schedule III format. Current and previous year comparative figures.

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Cash Flow Statement

Indirect method — auto-generated from Balance Sheet movements and P&L data. Operating, Investing, Financing.

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Notes to Accounts (1–28)

All mandatory notes including Share Capital, Reserves, Fixed Assets, Trade Payables/Receivables ageing.

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11 Financial Ratios

All 11 ratios mandated by 2021 amendment — Current Ratio, D/E, DSCR, ROE, turnover ratios, etc.

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Fixed Asset Schedule

PPE gross block → additions → disposals → depreciation → net block. Tangible and intangible assets.

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Ageing Schedules

Trade Payables and Receivables ageing (4 buckets) per 2021 amendment. MSME vs Others vs Disputed.

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Promoter Shareholding

Promoter shareholding movement table — beginning of year, end of year, % change (2021 requirement).