Your first 30 days after Registration

In the first 30 days after Registration, open the bank account, set up your accounting and a compliance calendar, and decide on GST. A company must also hold its first board meeting and appoint its first auditor within 30 days, and an LLP must file its LLP Agreement in Form 3 within 30 days.

The first month sets up everything that follows. Use this checklist.

What should every company and LLP do first?

• Open the bank account in the entity's name.
• Set up accounting — software, chart of accounts, and a habit of recording every transaction.
• Display the name and Registration number at the registered office, and print them on letterheads and invoices.
• Decide whether GST Registration is needed now.
• Check professional tax (in Maharashtra and some other states) and Shop and Establishment rules for your premises.
• Make a compliance calendar with every due date.

The bank account

Every rupee of the entity's money should move through its own bank account, never the founder's personal account. Banks usually ask for the Certificate of Incorporation, the PAN of the entity, the MOA and AOA (or the LLP Agreement), a board resolution or partners' authority, and KYC of the people who will operate the account. Share subscription money and partners' contribution should come into this account, because the record is needed later.

Name and Registration number on paper

A company must show its name, registered office address and Corporate Identity Number (CIN) on its letterheads, invoices and other official papers, and paint or affix its name outside its registered office. An LLP shows its name, registered office and LLPIN on its invoices and letters. This tells customers exactly which legal entity they are dealing with.

GST and state-level Registrations

GST Registration is compulsory only in certain cases — mainly above the turnover limits, for inter-state supply of goods and for many online sellers — but some businesses take it voluntarily because their customers want GST invoices. The GST Registration topic explains how to decide. Professional tax and Shop and Establishment rules are state laws, so the need and the deadline differ from state to state; check your state's labour or professional tax department.

What must a company (PVT. LTD. or OPC) do in the first 30 days?

• Hold the first board meeting within 30 days.
• Appoint the first auditor within 30 days.
• Collect subscription money from shareholders into the company's bank account.
• Plan the INC-20A filing — due within 180 days, before starting business.
• Issue share certificates within 60 days.

Task	Deadline	What it is
First board meeting	Within 30 days of incorporation	Directors meet, note the Certificate of Incorporation and take the first decisions.
First auditor	Within 30 days of incorporation	The board appoints a chartered accountant as auditor; if it does not, the members must do so within 90 days.
Share certificates	Within 60 days of incorporation	Certificates to the first shareholders, or credit in demat form where the company must use demat.
INC-20A	Within 180 days of incorporation	Declaration that shareholders have paid for their shares; business should start only after it.

What happens at the first board meeting?

Directors usually take note of the Certificate of Incorporation, MOA and AOA, record each director's disclosure of interest in other businesses, appoint the first auditor, approve opening the bank account and fix the financial year. Minutes of the meeting must be written up and kept.

Demat of shares

Private companies that are not "small companies" must issue and hold their shares in demat (electronic) form, under Rule 9B of the Companies (Prospectus and Allotment of Securities) Rules. Small companies are currently exempt. Since 1 December 2025, a small company is one with paid-up capital up to ₹10 crore and turnover up to ₹100 crore (holding and subsidiary companies and some others cannot be small companies). Most new startups qualify, but check again as the company grows.

What must an LLP do in the first 30 days?

• File the LLP Agreement (Form 3) within 30 days.
• Bring in the partners' contribution.

If Form 3 is filed late, an additional fee applies — since 1 April 2022, a multiple of the normal filing fee that rises with the delay. Until the agreement is filed, the default rules in the LLP Act decide how profits are shared and how partners' rights work, which may not be what the partners intended.

Key takeaways

• Bank account, accounting and calendar come first.
• Companies: first board meeting and auditor within 30 days, share certificates within 60 days, INC-20A within 180 days.
• LLPs: Form 3 within 30 days.
• Professional tax and Shop and Establishment rules depend on your state.