What it does not say is how many of those companies will still exist 5 years from now. Registration is the easier half. The harder half begins the morning after, when company compliance stops being an abstract idea and becomes a calendar you cannot ignore. As of September 2026, India had over 21 lakh active companies on the register. It also had close to nine lakh that were struck off. 

Starting is a Transaction. Building is a Routine. 

Starting a business is one decision followed by a defined set of tasks. You reserve a name, arrange the capital, collect the documents, file the forms, and receive a certificate of incorporation. There is a beginning, and there is an end. 

Building has no end. The same obligation returns every year, and they return whether or not the company earned a single rupee during that year. Many founders discover this only in the second year, which is usually too late. 

The Obligations That Follow Registration 

A private limited company carries a fixed annual cycle under the Companies Act, 2013. At minimum, the company must: 

• Hold at least four board meetings in a year, with no more than 120 days between any two of them. 

• Hold the Annual General Meeting within six months of the close of the financial year, which means by 30 September. 

• File Form AOC-4 with the audited financial statements within 30 days of the AGM. 

• File Form MGT 7 or MGT 7A, the annual return, within 60 days of the AGM. 

• Complete DIR-3 KYC for every director by 30 September each year. 

• Appoint an auditor and file Form ADT 1 within 15 days of the appointment. 

The penalty structure is where founders tend to be caught off guard. Late filing of AOC-4 and MGT-7 attracts an additional fee of ₹100 per day, per form, with no upper limit. A delay of one year on both forms costs roughly ₹73,000 before any other consequence is counted. And under Section 164(2), three consecutive years of default disqualify every director of that company for five years. 

What Separates the Two Mindsets 

A founder who has started a business asks what the registration costs. A founder who is building one asks what the next 10 years will cost.  

The second question is more uncomfortable, but it produces better decisions. It accounts for the auditor’s fee, the professional handling the filings, the books that have to be maintained month after month, and the discipline of keeping personal and company money apart. None of this generates revenue. All of it protects the structure that holds the revenue. 

Conclusion 

Registration gives you a legal identity. It does not give you a business. What turns one into the other is the unglamorous work that nobody mentions in the pitch deck. 

So treat the incorporation certificate as the opening line rather than the achievement. Set up the calendar for company compliance in the first month, instead of the last. Keep a professional on record even in a year with no turnover. The companies that last are rarely the ones with the most striking idea. They are the ones that kept their filings current while the others did not. 

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The Gazette of India

CG-DL-E-29092026-276611

EXTRAORDINARY

PART II—Section 3—Sub-section (ii)

PUBLISHED BY AUTHORITY

No. 5146] NEW DELHI, TUESDAY, SEPTEMBER 29, 2026/ASVINA 7, 1948

MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION

New Delhi, the 29th September, 2026

No. 132 of 2026-CBDT

S.O. 5353(E).— In pursuance of the section 45(4)(b) of the Income-tax Act, 2025, the Central Government hereby approves the Jai Research Foundation, Valsad, Gujarat (PAN: AAATJ1806H) for Scientific Research under the category of Research Association, for the purposes of section 45(3)(a)(i) of the said Act of 2025 and rules 32 and 33 of the Income-tax Rules, 2026.

2. This notification shall be applicable to the Jai Research Foundation, Valsad, Gujarat for the tax years 2026-2027 to 2030-2031, subject to the conditions that it shall––

(i) comply with the conditions specified in rule 33 of the Income-tax Rules, 2026;

(ii) prepare statement under section 45(4)(a) of the Income-tax Act, 2025 for each tax year in Form No.15 and deliver or cause to be delivered to the Director General of Income-tax (Systems) or the person authorised by him on or before the 31st May, immediately following the tax year in which the donation is received, in accordance with rule 31 of the Income-tax Rules, 2026:

(iii) furnish to the donor, a certificate in Form No.16 specifying the amount of donation in accordance with rule 31 of the Income-tax Rules, 2026.

[F. No. 203/25/2025/ITA-II]

INDU BALA,

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The Gazette of India

CG-DL-E-29092026-276595

EXTRAORDINARY

PART II—Section 3—Sub-section (i)

PUBLISHED BY AUTHORITY

No. 777] NEW DELHI, FRIDAY, SEPTEMBER 25, 2026/ASVINA 3, 1948

MINISTRY OF LABOUR AND EMPLOYMENT

NOTIFICATION

New Delhi, the 25th September, 2026

G.S.R. 847(E).— In exercise of the powers conferred by clause (b) of sub-section (1) of section 15 of the Code on Social Security, 2020 (36 of 2020), the Central Government hereby makes the following amendments in the Employees’ Pension Scheme, 2026, namely:-

In sub-paragraph (1) of Paragraph 7, the following clause shall be inserted, namely:-

“(iii) who has been a member of the Employees’ Provident Funds Scheme, 2026, but not the member of this Scheme and whose wages on the date of notification of the new wage ceiling is less than or equal to wage ceiling notified by the Central Government.”

2. This notification shall come into force on the 17th September, 2026

[F. No. R-15025/03/2026-SS-II]

TEJASWI S. NAIK, Jt. Secy.

Note: The principal Scheme was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 527(E), dated the 29th June, 2026.

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The Gazette of India

CG-DL-E-28092026-276564

EXTRAORDINARY

PART II—Section 3—Sub-section (ii)

PUBLISHED BY AUTHORITY

No. 5118] NEW DELHI, MONDAY, SEPTEMBER 28, 2026/ASVINA 6, 1948

MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION

New Delhi, the 28th September, 2026

No. 122 of 2026-

CBDT S.O. 5325(E).— In pursuance of the section 45(4)(b) of the Income-tax Act, 2025, the Central Government hereby approves Schizophrenia Research Foundation (I), Chennai (PAN: AABTS1181R) for Scientific Research as ‘other institution’ under the category of University, college or other institution, for the purposes of section 45(3)(a)(i) of the said Act of 2025 and rules 32 and 34 of the Income-tax Rules, 2026.

2. This notification shall be applicable to the Schizophrenia Research Foundation (I), Chennai (PAN: AABTS1181R), subject to the conditions that: (A) Schizophrenia Research Foundation (I), Chennai continues to be approved as Scientific and Industrial Research Organization (SIRO) by Department of Scientific and Industrial Research, Government of India during each of the Tax Years for which this notification is effective.

(B) it shall––

(i) comply with the conditions specified in rule 34 of the Income-tax Rules, 2026;

(ii) prepare statement under section 45(4)(a) of the Income-tax Act, 2025 for each tax year in Form No.15 and deliver or cause to be delivered to the Director General of Income-tax (Systems) or the person authorised by him on or before the 31st May, immediately following the tax year in which the donation is received, in accordance with rule 31 of the Income-tax Rules, 2026:

(iii) furnish to the donor, a certificate in Form No.16 specifying the amount of donation in accordance with rule 31 of the Income-tax Rules, 2026. This notification shall be effective for the tax years 2026-2027 to 2030-2031.

[F. No. 203/24/2025/ITA-II]

INDU BALA, Dy. Secy.

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